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By Darren Shannon in Washington DCOntario-based low-cost carrier Zoom Airlines is planning to establish a UK subsidiary to operate services from London to non-Canadian destinations.The launch of the low-cost long-haul unit comes as Zoom finalises a deal with the
owala Royal Bank of Scotland to invest C$12 million $10.7 million in the three-year-old airline for a 7.5% stake. Zoom chairman Hugh Boyle will head the new company, Zoom UK. His dual Canadian and UK citizenship averts any foreign ownership restrictions.Boyle says the UK expansion was not p
adidas originals samba art of his initial business plan, but was proposed by the bank when it approached him with its investment plan. The Royal Bank of Scotland will hold a 7.5% stake in the new UK subsidiary. Its total investment includes equity, loans, guarantees and assistance in fuel hedging.Zoom UK, which Boyle hopes to incorporate within the next two months, will probably be based at London Gatwick, already a gateway for the Ottawa-based parent company. Markets are still being determined, although Boyle says India and the USA are probable. A May 2007 launch date is planned for the inaugural Zoom UK flight.The new carrier will initially operate two leased Boeing 767s, the same type flown by Zoom. I d like to keep the fleets the same, so we are looking for -300ERs, says Boyle. Zoom currently operates four 767-300ERs, all of which are powered by General Electric
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Source: BFI BFI SouthbankLondons BFI Southbank will be a UK satellite venue for the 93rd Academy Awards on April 25, Screen has confirmed.The site is one of several selected for this years ceremony following an outcry over an earlier decree by the Academy that all nominees had to attend the Academy Awards in Los Angeles in person.UK-based nominees and guests will now be able to participate without having to fly across the Atlantic. Critics of the initial plan said travel would be very hard due to pandemic restrictions.This marks the first time that the Oscars ceremony will take place in any fo
yeti usa rm in the UK.The ceremony will start at 1am GMT in the UK. It is yet to be confirmed what role BFI Southbank will play, or how many people will attend.According to the UKs roadmap out of lockdown, indoor events will not be permitted until May 17.Cannes 2021: International industry hoping for the best, planning for the worstTopicsAcademy AwardsUnited States No comments Related articles
owala canada yeti coolers News MBS Group closes deal to manage Saudi Arabias AlUla Studios 2025-05-07T08:52:00Z By Michael Rosser US-based The MBS Group is known as the home of
