Aviation Partners sells NJI


National Jet Italia (NJI), which operates four BAe 146-300s on British Airways franchise flights from Rome, has been sold by Aviation Partners Worldwide plc (formerly known as the Tolmount investment group) to Dutch company Nikoram Holding BV for UKP575,000. Nikoram will also assume NJI’s debts including its liabilities to trade and other creditors and to bank and other financiers including aircraft lease commitments. In early September, NJI had been been about to place an order for the last two RJ85s and the last two RJ100s built. Indeed, the company’s pilots had begun training on the new type. In the aftermath of 11 September, however, the order fell through. Mounting problem have led NJI to ground its two Boeing 737s and end its flights to Nice and Athens. Instead, the company has been concentrating on Italian domestic flights with its four BAe 146-300s. Services from Rome to Genova and Verona were begun in early October. Under the new circumstances, Aviation Partners were unwilling to make the investments necessary for NJI to continue operating.

Leave a comment

Your email address will not be published. Required fields are marked *