AFTER seeing his former airline declared bankrupt in May, former Ocean Airlines chief executive officer, Rossano De Luca, has told Air Cargo news that he has appointed Parsec Finance as financial advisor in an effort to purchase the Ocean Airlines AOC and traffic rights from the Italian bankruptcy court.
Parsec Finance will also work with former and new members of the management team to develop a major re-launch plan. The plan includes the dry leasing of two B47-400Fs up to four within three years. It's not confirmed yet if the airline will keep the base in Brescia or, due to the current competition situation, will base the aircrafts in Milan Malpensa airport.
De Luca said: "I took the decision to enter in negotiation to acquire Ocean Airlines after a possible investor confirmed it will take a minority stake in the new company. Hence, I have appointed Parsec Finance to seek additional investors, such as a private equity fund or someone involved in the cargo industry, in order to guarantee the adequate financial support to the re-launch plan. At this stage, the negotiation is running quite fast and we plan to complete the deal by the end of July.
"The new Ocean Airlines could use a different brand due to investor request, but at this stage I cannot provide any additional information."
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