OneJet (Pittsburgh International) has announced it has completed an acquisition agreement with Ultimate Jetcharters (Akron Regional). The value of the transaction was not disclosed.
Based out of Ohio, Ultimate JetCharters operates ten Do328-300s and one E135 for private charter clients, as well as per-seat scheduled services on select routes under the Ultimate Air Shuttle (Cincinnati Lunken) brand.
In a statement, OneJet said the combined operation will have a collective fleet of nearly 25 aircraft by the end of 2018, including aircraft operated by Ultimate and OneJet's existing capacity provider, Contour Airlines (LF, Tupelo).
Under the deal, Ultimate will be integrated into OneJet's network during the course of the next month, with flights beginning on June 4. Concurrently, OneJet will continue to accelerate the addition of Embraer ERJ aircraft to its network throughout the course of 2018; the company introduced the aircraft with the launch of service between Buffalo Niagara International and Albany, NY earlier this year and currently charters an E135 and an E145 from Contour.
The Ultimate Air Shuttle brand will remain independent and will continue to operate per-seat scheduled services to and from Cincinnati Lunken, as well as private charters for corporate, casino, and collegiate clients.
"The opportunity to integrate this demonstrated level of premium service, expertise and infrastructure within our expanding network of point-to-point regional routes will further enhance the travel experience and service options for our collective customers, providing a wonderful platform for both organizations' continued growth," OneJet CEO Matthew Maguire said.
Together, the companies' networks will serve over 17 cities, including Cincinnati, Pittsburgh International, Milwaukee General Mitchell, Albany, Buffalo, Hartford Bradley, West Palm Beach International, Kansas City International, New York (via Morristown Municipal, New Jersey), Chicago, Charlotte International, Cleveland Hopkins, Indianapolis International, Louisville International, Atlanta Hartsfield Jackson, Columbus John Glenn, OH, and Raleigh/Durham.
OneJet will make various schedule and routing adjustments during May, including the announcement of several new routes, as the Ultimate operations are integrated into its network.
