L’Avion accelerates growth plans

L’Avion, the all business class French airline, announced today, that the performance for its first six months of operations had exceeded projections. As a result of L’Avion’s success, it has decided to expedite its growth plans. Starting within the 2007/2008 winter season, L’avion will offer a second flight from New York to Paris leaving from Newark Liberty Airport and Orly Sud.

L’Avion’s additional airplane, a Boeing 757-200 equipped with Pratt & Whitney engines, will have an identical configuration to L’Avion’s first airplane with 90 business class seats.

For the month of June, the Company’s load factor exceeded 78%. Highlights of the Company’s performance during its first 6 months of operations include:


  —More than 90% on-time performance
  —100% on flight schedule reliability
  —14,764 passengers flown over the past 6 months
 
Marc Rochet, CEO of L’avion said, “We are delighted that L’AVION’s first six months of operations exceeded our projections.

As a result, due to this strong demand, we have decided to add a second plane to our fleet that will double our New York—Paris flight route starting this coming winter. L’avion will rank #2 in terms of weekly available business seats between New York and Paris.”
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