Word: lobbenberg
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Dates: during 2000-2009
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...timing couldn't be better, as air travel is approaching pre-9/11 levels. Moreover, U.S. financial houses are rapidly expanding in London, and the merger wave is in full bloom in Europe. "I'm surprised that EOS and MAXjet are still with us," says Andrew Lobbenberg, a transport analyst at ABN AMRO, "but they've gotten lucky because of the transatlantic cycle. Business travel is booming right...
...talk of mechanical problems and low load factors, CEO William Stockbridge, who abruptly took over after Gary Rogliano stepped down just a year after launch, says MAXjet will soon add two jets to its fleet, making a total of five, and offer another destination in the summer. Says analyst Lobbenberg: "Its price proposition is perfect, but they need to sharpen up the operational execution...
...capability. "EOS is still the gold standard, but Silverjet is proving that the alternative carriers are here to stay," says Michael Holtz, owner of the Smart Flyer, a high-end travel agency in New York City. As a publicly traded company, Silverjet will be under pressure to deliver profits. Lobbenberg says the airline is likely to compete with MAXjet in efforts to capture the bottom end of the up market...
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