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Avelo Airlines New Orlando Base Takes Flight at Orlando International Airport

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Lowcountry residents now have a new way to reach Walt Disney World, Universal Studios Florida and other popular theme parks. (Credit: Avelo Airlines / Bruce Snyder)

ORLANDO — Avelo Airlines opened its third U.S. base Thursday at Orlando International Airport (MCO) — setting the stage for significant travel, employment and economic impact opportunities for Central Florida.

The new base is expected to generate more than $250 million in short-term economic impact in Greater Orlando and top $1 billion in regional economic impact annually within the next five years. In the years ahead, this includes significant spending and tax revenue from the more than one million visitors Avelo will fly to Orlando annually. Additionally, Avelo’s fast-growing Orlando presence will generate incremental spending and tax revenue from the thousands of direct and indirect jobs the airline’s expanding MCO presence will contribute to the Orlando community and the state of Florida.

Over the next year, Avelo expects to create up to 150 MCO-based jobs. These positions will be a combination of Avelo Crewmembers and jobs with Avelo business partners operating at MCO. Roles will include Airport Customer Service, Aircraft Technical Operations and Maintenance, Pilots, Flight Attendants and Supervisors. As the airline adds additional aircraft and routes over the next five years, Avelo expects to create up to 500 MCO-based jobs.

Avelo Airlines Chairman and CEO Andrew Levy said, “Our new base will enable Avelo to serve more destinations, add more flights, operate more airplanes, fly more Customers and employ more Crewmembers in Orlando. Avelo’s rapidly expanding presence here will be a significant source of new visitors to Orlando — creating significant economic impact across the region. We are grateful to the City
of Orlando, as well as Kevin Thibault and the Greater Orlando Airport Authority for their strong partnership as we double down on MCO and Central Florida.”

Orlando Mayor Buddy Dyer said, “The expansion of air service is vital to our community and economy and that is why Orlando is honored that Avelo Airlines has chosen Orlando International Airport as its third U.S. base. We look forward to seeing Avelo grow and create new jobs for our residents and to welcoming even more visitors to enjoy our unbelievably real, world-renowned hospitality.”

Greater Orlando Aviation Authority Chief Executive Officer Kevin Thibault said, “Orlando International Airport prides itself on offering the traveling public options in both airlines and destinations. What we’re getting with Avelo is even more than a new connection between Central Florida and Baltimore. It is an additional access point for business to the popular northeast corridor from our region.”

 

A Rapidly Expanding MCO Fleet and Route Network

Avelo will initially base three Boeing Next-Generation (NG) 737 jetliners at MCO – one 147-seat 737-700 and two 189-seat 737-800s. Avelo’s current systemwide fleet consists of 10 737 NGs and is expected to expand to 15 aircraft by early 2023. Over the next 12 months, Avelo plans to fly to 15 nonstop destinations from MCO. By 2027, Avelo expects to base 10 aircraft at MCO serving up to 50 nonstop destinations.

With the opening of its MCO base Thursday, Avelo now serves three popular nonstop destinations from Orlando.

Southern Connecticut: Since November, Avelo has operated daily service between MCO and Southern Connecticut’s most convenient airport – Tweed-New Haven Airport (HVN).

With the opening of its Orlando base, Avelo now flies to HVN up to three times per day. One-way introductory fares start at $69*.

Washington, D.C.: Beginning today, Avelo will offer seasonal service five days per week to Baltimore / Washington International Airport (BWI) through August 21, 2022. One-way introductory fares start at $59*.

Wilmington, N.C.: Beginning tomorrow, Avelo will offer seasonal service three days per week to Wilmington International Airport (ILM) through November 9, 2022. One-way introductory fares start at $59*.

The introductory fares for all three routes are available for purchase at AveloAir.com.
New Orlando Pilot and Flight Attendant Training Center Avelo also said it is on track for converging its airline-wide Pilot and Flight Attendant training in Orlando.

Initial and recurrent training for all Avelo pilots and flight attendants will be facilitated by Avenger Flight Group (AFG) — the world’s largest privately owned commercial aviation training and simulation company. Training will begin this fall with the completion of the new Orlando training facility next spring.

Previously conducted in separate locations and, at times, by separate companies, Avelo’s Pilot and Flight Attendant training will now be conducted at AFG’s new state-of-the-art Orlando campus. AFG provides advanced flight training solutions to airlines around the world at nearly 20 flight training centers across North America, South America and Europe. The new AFG-based training will provide opportunities for
collaborative learning and training in areas such as leadership, evacuation simulations and customer service.

Avelo employs nearly 200 pilots and flight attendants. The airline anticipates hiring hundreds more in the years ahead — many of whom will be based in Orlando.

 

A Simple, Smooth and Reliable Alternative to Hub & Spoke Airlines

Unlike conventional airline “hubs” that connect passengers between spoke cities, Avelo flies its customers nonstop between its three “bases” and the destinations served by those three airports. In addition to Orlando, Avelo operates bases at Los Angeles’ Hollywood Burbank Airport (BUR) and HVN.

The airline has dedicated airplanes, pilots, flight attendants and maintenance teams based at BUR, HVN and MCO. In contrast to the hub & spoke carriers, Avelo flights start and end every day at their respective base, providing Crewmembers with an enhanced quality of life that enables them to sleep at home every night rather than in hotels (which is typically the case at hub & spoke airlines).

Avelo’s base model also allows mechanics to inspect every aircraft every evening when it returns to its respective base, contributing to the airline’s industry-leading reliability. In fact, since launching 14 months ago, Avelo has cancelled less than 1% of its flights. Lastly, the absence of hubs eliminates the risk of Avelo Customers missing their connection (because there are no flight connections to miss), or having their bag delayed or lost at a connecting hub (which is where most bags are mishandled).

 

A Different, Better and More Affordable Travel Experience

Amidst the crowds, long lines, lengthy walks and traffic congestion encountered at most major airports, Avelo primarily serves smaller, secondary airports. These airports are typically more convenient and offer a refreshingly smooth, quick and simple hometown airport experience.

At Avelo, there are no change or cancellation fees. Additionally, Avelo offers several unbundled travel enhancing options that give Customers the flexibility to pay for what they value, including priority boarding, checked bags, carry-on overhead bags, and bringing a pet in the cabin.

Additionally, the fuel-efficient American-made 737 jetliners Avelo operates offer a more spacious and comfortable experience than the much smaller regional aircraft historically operated at the small secondary airports Avelo primarily serves. Customers may choose from several seating options, including seats with extra leg room, as well as pre- reserved window and aisle seating.

Avelo is distinguished by its Soul of Service culture. The culture is grounded in Avelo’s One Crew Value that promotes a welcoming and caring experience. By caring for one another and owning their commitments, Avelo Crewmembers focus on anticipating and understanding Customer needs on the ground and in the air.

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Business

Stocks fall as Fed signals rates need to go still higher

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Stocks closed lower on Wall Street and Treasury yields rose Thursday afternoon after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control.

The S&P 500 fell 0.3%, with retailers and banks among the biggest weights on the benchmark index. The Dow Jones Industrial Average slipped less than 0.1%, while the Nasdaq composite closed 0.3% lower.

Decliners outnumbered gainers on the New York Stock Exchange by nearly a 2-to-1 margin. Smaller company stocks fell harder than the rest of the market, pulling the Russell 2000 index 0.8% lower.

Bond yields rose and hovered around multidecade highs. The yield on the two-year Treasury note rose to 4.45% from 4.37% late Wednesday. The yield on the 10-year Treasury, which influences rates on mortgages and other consumer loans, rose to 3.77% from 3.69% late Wednesday.

The Fed has been raising rates aggressively in order to tame inflation by applying the brakes to the economy. Investors have been hoping that more signs of easing inflation could help the central bank shift to less aggressive rate increases.

The central bank, though, has been clear about its intent to keep raising rates, possibly to unexpectedly high levels, to tame inflation. James Bullard, who leads the Federal Reserve Bank of St. Louis, reaffirmed that position in a presentation on Thursday, suggesting the Fed’s short-term rate may have to rise to a level between 5% and 7% in order to quash stubbornly hot inflation. The central bank has already raised its key rate to a range of 3.75% to 4%, up from nearly zero as recently as last March.

“Bullard’s comments this morning suggesting that they need to get the fed fund (rate) between 5% and 7% was a surprise, to say the least, to markets,” said Scott Ladner, chief investment officer at Horizon Investments. “That certainly was a shock to folks and pushed us further down.”

The S&P 500 fell 12.23 points to 3,946.56. The Dow dropped 7.51 points to 33,546.32. The Nasdaq lost 38.70 points to close at 11,144.96. The Russell 2000 index fell 14.04 points to 1,839.12. The major indexes are all headed for weekly losses.

The presentation from Bullard follows reports showing that inflation is starting to ease somewhat, but still remains extremely hot as consumers continue spending amid a very strong jobs market. Strong spending and employment remain a potential bulwark against the economy slipping into a recession. It also means the Fed will likely remain aggressive and raises the risk that it will hit the brakes hard enough on the economy to actually bring on a recession.

Stock markets “got a little bit ahead of themselves” after getting encouraging reports on consumer and wholesale prices easing a bit, said Ross Mayfield, investment strategist at Baird. “But, the Fed knows they have a long way to go.”

“When you have the (Fed) statement already laying it out and someone like Bullard saying what he said, there is a little bit of jawboning markets back down and letting investors know this fight is not over.”

Outside of concerns about inflation, the market is also worried about Russia’s war in Ukraine and lockdowns in China hurting the global economy.

The conflict in Ukraine has been weighing on the energy sector and any worsening could cause spikes in prices for oil, gas and other commodities that the region produces. U.S. oil prices fell 4.6%.

China’s “zero-COVID” approach has caused a supply crunch for some of Asia’s biggest manufacturers, denting economic growth.

Markets in Asia and Europe fell.

Companies are also wrapping up the latest round of earnings reports. Macy’s jumped 15% after beating analysts’ quarterly financial forecasts and raising its earnings outlook.

Retailer Bath & Body Works soared 25.2% after reporting strong financial results.

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CFHLA CEO Robert Agrusa Receives Recognition from State Rep. Daisy Morales

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Former State Rep. Daisy Morales recognizes CFHLA President and CEO Robert Agrusa at his office. Photo: Daisy Morales (via Facebook).
Former State Rep. Daisy Morales recognizes CFHLA President and CEO Robert Agrusa at his office. Photo: Daisy Morales (via Facebook).

ORLANDO, Fla. (FNN) – State Representative Daisy Morales (D-Orlando) presented Central Florida Hotel & Lodging Association President and CEO Robert Agrusa with a certificate at the CFHLA headquarters last week.

Rep. Morales honored his and the CFHLA’s strong relationship and support for her office. The certificate for “Outstanding Support” reads in part: “I hereby recognize you for your support of the Office of State Representative Daisy Morales.”

 

Former State Rep. Daisy Morales recognizes CFHLA President and CEO Robert Agrusa at his office. Photo: Daisy Morales (via Facebook).

State Rep. Daisy Morales recognizes CFHLA President and CEO Robert Agrusa at his office. Photo: Daisy Morales (via Facebook).

 

“I’m honored to recognize Mr. Agrusa,” said Representative Morales. “I appreciate Mr. Agrusa’s and the CFHLA’s commitment to our rebounding and ever-growing hospitality industry.”

 

Photo: Daisy Morales (via Facebook).

Photo: Daisy Morales (via Facebook).

 

According to research done earlier this year, some 36 million travelers visited Florida in the first quarter of 2022, just six million more than the visitors in 4th quarter of 2021, and the numbers are on a steady upward trajectory. Prior to the pandemic, Florida boasted an average of over 72 million visitors per year.

The CFHLA will host its annual Hospitality Gala, its signature black tie event in which the organization recognizes hospitality industry leaders and supporters, on December 17, 2022 at the Disney Coronado Resort.

____________________________________________

Mellissa Thomas is Editor for Florida National News. | mellissa.thomas@floridanationalnews.com

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Hotelier Jan Gautam receives Impact Award from State Representative Daisy Morales

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ORLANDO, Fla. (FNN) – Florida State Representative Daisy Morales (D-Orlando) presented Jan Gautam, President and CEO of IHRMC with her office 2022 Impact Award during an annual Diwali celebration on October 28.

Florida National News Photo/J Willie David, III

Mr. Gautam is the President & CEO of Interessant Hotel & Resort Management (IHRMC), a hotel management company that owns, operates, and develops hotel properties globally.   Gautam has achieved recognition in leading organizations and committees in which he has dedicated countless hours to in order to support his commitment to the hospitality industry & is heavily involved in numerous national & local chapters & boards to support tourism and governmental interaction that supported or held consensus to expanding the well-being of hotel owners and business associations.

“I’m honored to recognize business leaders this way,” said Representative Morales. “I’m so proud of Mr. Gautam’s commitment to the hospitality industry and his outstanding community service to Central Florida makes him right choice for this award.”

According to his website, Gautam “has served on committees such as the Asian American Hotel Owners Association (AAHOA) as a Regional Ambassador, Board of Directors with Visit Florida, Board of Directors with Florida Restaurant & Lodging Association, InterContinental Hotels Responsible Business Committee, IHG Procurement Committee, Rollins College International Advisory Board Bylaws Committee, Indian American Chamber of Commerce Board of Directors, and numerous local chapters to support Tourism and Governmental interaction that supported or held consensus to expanding the wellbeing of hotel owners and business associations alike.”

Gautam hosted a Diwali celebration in Kissimmee and took time to share the Hindu holiday’s meaning as well as his community’s goal to make it nationally recognized.

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