Burgeoning Western Global calls for removal of fleet restrictions
FREIGHTER operator Western Global Airlines has asked the US Department of Transportation (DoT) to remove restrictions limiting the size of its fleet.
The company was first certificated in 2014 and has grown its fleet rapidly since then, applying several times to have fleet limitations - put in place for new carriers - increased. However, Western Global has now asked for the limitations to be completely removed.
"Given that Western Global has been operating very successfully for seven years and meets or exceeds all fitness criteria, the company submits that a condition limiting its fleet size is no longer necessary," the company said in its application.
"The Department's practice has been to monitor new entrants closely for the first five years and limit fleet growth while the carrier's key management and technical personnel gain experience with its operations, consistent with Federal Aviation Administration (FAA) recommendations under a 1996 safety review.
"In Western Global's case the limitation is no longer necessary in view of the carrier's record of successful operations and its established capabilities."
The airline was initially restricted to a fleet of four aircraft, this was later extended to nine, then 15 and most recently 19.
"Removal of the condition will help facilitate Western Global's continued orderly growth," the company added.
Western Global also pointed to a secure financial position. In 2020 the company generated US$375.5 million in operations revenues, following on from $241.2 million in 2019 and $253.6 million in 2018.
Net income for last year stood at $122.4 million, in 2019 it was $15.9 million and in 2018 the figure was $48.4 million.
In 2021, through June 30, Western Global has generated net income of $28.7 million, reports London's Air Cargo News.