DutchCaribbeanExel
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DutchCaribbeanExel was an airline based in the Netherlands Antilles.
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[edit] History
The airline was established in 2004 and started operations on 15 July 2004. It was wholly owned by ExelAviationGroup. The airline folded in February 2005 when the ExelGroup declared bankruptcy.
[edit] Bankruptcy
DutchCaribbeanExel was part of the Exel Group which consisted of BelgiumExel, AlsaceExel, and DutchCaribbeanExel. The Exel Aviation Group started to disintegrate late-2004, soon after the takeover of DutchBird; when failed Air Holland (declared bankrupt 25Mar04 with 30 million euros in debt) was investigated for alleged laundering of drugs money and arrests were made, it put HollandExel in negative publicity as well.
In Feb.2005 HollandExel filed for the Dutch equivalent of Chapter 11 and its main client, tour operator TUI Netherlands invested millions to keep the airline flying. Two months later, TUI Netherlands continued HollandExel under new management, operating as ArkeFly and the fleet of aircraft (4 Boeing 767s by now) plus some 400 employees moved to the new company. In May 2005 HollandExel was declared bankrupt.
DutchCaribbeanExel was originally part of the Exel Aviation Group, but was taken over, together with parent airline, HollandExel, by TUI Nederland, and renamed Arkefly Curaçao.[1]
[edit] Services
DutchCaribbeanExel operated services between Curaçao and Amsterdam.
[edit] Fleet
The DutchCaribbeanExel fleet consisted of 1 Boeing 767-300 aircraft which was disposed of in April 2005.
[edit] External links
[edit] References
- ^ Flight International 27 March 2007
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