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This profile was last updated on 11/29/11  and contains information from public web pages.

Mr. Ned Homfeld

Wrong Ned Homfeld?
 
Background

Employment History

97 Total References
Web References
Stuart Klaskin | William (Bill) Jones ...
www.jetstreamavcap.com, 29 Nov 2011 [cached]
Stuart Klaskin | William (Bill) Jones | Konrad Tree | Ned Homfeld | John Sicilian
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Ned Homfeld Advisor Ned Homfeld has more than forty years of experience in the aviation and transportation industries. He is the founder and former Chairman of Spirit Airlines, the largest privately-held airline in the United States. Ned founded Spirit in Detroit in 1980 and grew the airline from a fleet of two Convair turboprops to operate 24 Airbus A319 and A321 aircraft by 2004, when he sold a significant portion of his interest in the company to a consortium of private equity funds. Since retiring from Spirit, Ned has pursued his interests in the finance, real estate, and transportation industries.
Article 3 - Detroit Metro Connections
metro.heritage.com, 22 Sept 2003 [cached]
Homfeld becomes minority owner of Spirit
Spirit Airlines is poised for rapid growth after selling a majority interest to Los Angeles-based Oaktree Capital Management LLC for $125 million.
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Spirit founder and former Chairman Ned Homfeld and former chief operating officer Mark S. Kahan will continue as minority owners, and Schorr will add the title of chairman.
NED HOMFELD founded the Company ...
www.spirit-airlines.com, 15 Nov 2003 [cached]
NED HOMFELD founded the Company in 1969 as a surface transportation business.In 1980, the Company began organizing charter flights to various gaming locations with chartered aircraft.In 1992, the Company first acquired jet aircraft to replace the chartered aircraft and then expanded its operation to offer scheduled service as Spirit Airlines, Inc.Mr. Homfeld, Chairman of the Board, served as the Company's Chief Executive Officer from its inception through April 2000.
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Ned Homfeld
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NED HOMFELD, FOUNDER AND CHAIRMAN OF THE BOARD
Behind Spirit Airlines remarkable growth and success is the creativity, entrepreneurial Spirit and drive of Spirit's Founder and Chairman of the Board, Mr. Ned Homfeld.A visionary who possesses the uncanny ability to not only recognize opportunity when it presents itself, but to capitalize upon it as well.
A budding young Naval Architecture student with aspirations of designing America's Cup Yachts, Homfeld dropped the idea, and opted to start his own surface transportation company known as Ground Air Transfer.A delivery service that specialized in handling critically needed parts for the automotive industry.Seeing opportunity, Homfeld modified his young company and began purchasing cargo transportation accounts receivable from other trucking companies as well as commuter airlines.
In 1983 Homfeld was asked to help finance a company seeking to expand its air charter operations into Atlantic City where casino owners were eager for more customers.After meeting one of the casinos, Homfeld once again saw the opportunity and decided to offer charter flights himself.Charter One, Homfeld's first foray into the airline industry was born, utilizing chartered aircraft form several carriers.
In 1990, Charter One was faced with the inability to find reliable charter carriers with smaller aircraft to serve smaller cities.Homfeld, dedicated to developing Charter One's ability to control it's own destiny, decided to acquire his own aircraft and see certification as an air carrier form the Federal Aviation Administration.Utilizing tow 50-seat Convair 580 aircraft, Charter One received it's Air Carrier Certificate on September 8, 1990.
When Midway Airlines ceased operations DC-9 aircraft became available.Homfeld was quick to react and leased four of their aircraft early in 1992.Almost overnight Charter One officially became Spirit Airlines, to more accurately reflect the driving and undaunted character of Homfeld himself.
Now in its 16th year under Homfeld's guidance, Spirit Airlines strategy will continue to provide safe, dependable air transportation at affordable prices, while maintaining a consistently profitable operation.Summarizing his proven strategy for success, Homfeld likens this philosophy to "filling in the cracks", offering much needed service to under served markets.
Spirit Airlines through Homfeld's leadership, will soon open a 56,000 square foot, state-of-the-art, corporate headquarters and training facility just outside of Ft. Lauderdale, Florida later this year.This new facility is a fitting compliment to Homfeld and to his company's current and future success.
Angela Gittens , director of the ...
2003.ceoconference.com [cached]
Angela Gittens , director of the Miami-Dade Aviation Department, and Ned Homfeld , chairman of Spirit Airlines, are featured as keynote speakers.
Most Recent NBR Transcript
www.nightlybusiness.org [cached]
NED HOMFELD, CHAIRMAN, SPIRIT AIRLINES: We have been an airline for 11 years now and, you know, we've experienced a very slow and gradual careful growth, you know?And that's what we're really doing now.Yes, we had intended on being considerably larger and expanding considerably faster prior to 9-11.But we are keeping with our roots of being conservative and careful and growing as we can.
YASTINE: Spirit Chairman Ned Homfeld founded the airline and has overseen its growth from a charter carrier to one with regular service to more than a dozen cities in seven states and Puerto Rico.
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Homfeld says the carrier laid off some staff and reduced service in a few markets in the first weeks after the attacks.But a month later, Spirit added a new route to San Juan and added flights to other cities it already serves.But Homfeld says the airline needed government loan guarantees extended to the industry.
HOMFELD: These are critical to the survival of the industry and, you know, Spirit's part of that industry.You know, the loan guarantees, you know, we're looking forward to them because things certainly did change on 9-11. you know, airlines have less access to the credit markets post 9-11 than they did on 9-10 and we're in the same group.
YASTINE: Homfeld says things have been looking up again.
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HOMFELD: A small airline does that automatically.That's, you know, in the competitive world, we move to where we see an opportunity.If the opportunity were to change, we could change with it very rapidly.That's what we have to do, you know?
YASTINE: Homfeld says he doesn't expect an immediate recovery for his industry.He says that will only come with time as consumer confidence returns and travelers become used to the new security arrangements at U.S. airports.
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