Both the Swift Air and Eastern Air Lines Boards of Directors have unanimously approved this transaction. Once regulatory approvals have been obtained, this transaction will expand Swift Air’s current book of business and the reach of Swift Air with B737-800’s. These new aircraft will allow Swift Air to expand the scope of the customers it serves. Indeed, Swift Air will be announcing new customers soon.
With the addition of 2 assets from Eastern Air Lines and the complementary addition of 3 aircraft, Swift Air will expand from 13 B737 aircraft to 18 B737 aircraft in the near future. This growth platform will enhance the company as a competitor in its space and allow Swift Air to pursue new endeavors which will be announced soon.
Swift Air is known for its high quality service, dedicated employees and fantastic customer base. This transaction builds upon these core strengths while allowing us to pursue new opportunities.