Ex-Cathay Pacific chief executive Peter Sutch has taken the first step in his plan to build a European regional airline network with the acquisition of British Airways' Italian franchise partner National Jets Italia (NJI). Sutch's company, Tolmount, set to be renamed Aviation Partners Worldwide, paid £35 million ($49.3 million) for the airline. NJI operates routes to Mediterranean destinations. Tolmount says that it is looking to take stakes in regional airlines in several other "key European markets".
Source: Flight International
