Air charter service to start in November
Partners Nowell Outlaw, chief executive, and Odell Isaac recently bought the former Western Air Enterprises Inc. operation - including its Federal Aviation Administration certificate to operate - for an undisclosed sum, Outlaw said. Stellar has four airplanes and seven employees.
Stellar's strategy will be to offer clients a "lower-cost option for first-class service," said Outlaw. For example, a round-trip charter flight to Aspen costs $895 for a plane that takes six passengers, he said.
"The market demographics are very good for what we're offering," Outlaw said. "There's a missing link in the Colorado area (for this service) - most of the operations are operating more expensive equipment."
Company officials have been working with the FAA in recent weeks to reactivate the business certificate, Outlaw said.
The company could generate $2 million in revenue its first year, in part by tapping into the potential market for charter flights for oil company executives, Outlaw said. An existing company contract is to move air cargo from Florida to the Bahamas for Marriott Hotels & Resorts, he said.
More breaking news...
The Broomfield-based resort operator (NYSE: MTN) sold the land at
Financial terms of the partnership between Boulder-based Phil's Fresh Foods LLC, doing business as Evol Foods, and Minneapolis-based
Financial terms were not disclosed. Weplay had 2.25 million customers and 5
Sorry, there are no Photo Galleries to display for this timeframe.
Special Coverage
Municipalization
Utilities Watch -
Here is an archive of stories on the city of Boulder’s efforts to determine if it will form its own utility and part ways with it current power supplier Xcel Energy Inc. The stories were first published in the Boulder County Business Report.
