History
The airline was established in 1998 and started operations on 28 March 1999 with two Dornier 328 aircraft, acquiring three more in 2000 and one more in each year of operation. It was founded by Air Engadina who owned 49% of the airline, the other 51% being owned by Dietmar Leitgeb, president and chief executive of Air Engadina. In 2001, a group of investors from the Italian province of South Tyrol acquired the majority stake. In October 2005 a codeshare agreement with Alitalia on the entire Air Alps network was established. The airline is owned by Alpen-Air consortium (89.82%), Sudtiroler Transportstrukturen (7%), and Beteiligungs-und Finanzierungs (3.18%).
In 2004, a new CEO and Operations Director was appointed. The Manager Network Development Koen Hertoge was responsible for the integration into the Alitalia Network for both national and international routes, which eventually helped Air Alps Aviation to be back in profit.
The company is currently (November 2007) employing 160 people, 60 in Innsbruck and 100 in Italy.
Read more about this topic: Air Alps
Famous quotes containing the word history:
“So in accepting the leading of the sentiments, it is not what we believe concerning the immortality of the soul, or the like, but the universal impulse to believe, that is the material circumstance, and is the principal fact in this history of the globe.”
—Ralph Waldo Emerson (1803–1882)
“Whenever we read the obscene stories, the voluptuous debaucheries, the cruel and torturous executions, the unrelenting vindictiveness, with which more than half the Bible is filled, it would be more consistent that we called it the word of a demon than the Word of God. It is a history of wickedness that has served to corrupt and brutalize mankind.”
—Thomas Paine (1737–1809)
“American time has stretched around the world. It has become the dominant tempo of modern history, especially of the history of Europe.”
—Harold Rosenberg (1906–1978)