September 16, 201015 yr San Mateo, CA September 6, 2010 (PRWEB) -- Opulent Holdings Corporation, owner of San Francisco based Fusion Airways, announced Sunday they had reached a tentative agreement to acquire MidContinent Holdings LLC. The deal, valued at an undisclosed amount, would form one company under the Fusion Airways branding and absorb the wholly owned MidContinent Airlines' fleet, assets, debt and crew members. The merger would form one of the largest simulated airlines to date, and would join the two most realistic and innovative airlines in the simulated airline industry.MidContinent Airlines was formed in late 1997 under the operating identity of America West by a dedicated board of directors with a single goal: realism. Over time, they created the most realistic virtual airline environment ever developed, implementing industry leading training, flight records, and real world part 121 dispatch operations. Throughout the years, MidContinent expanded their branding and currently serves over 50 destinations throughout the United States, Mexico, Canada and Europe. Utilizing a fleet of Boeing and Airbus aircraft, MidContinent provides excellence in service, on-time performance, and professional operations.San Francisco based Fusion Airways, formed in early 2007, also strives to achieve a similar goal as MidContinent: industry changing realism. Through the use of an award winning website, the first seniority based bidding system, enhanced flight records and an industry leading dispatch center, Fusion Airways has been an innovator in the virtual airline industry. Fusion Airways currently operates air service to over 40 destinations throughout the United States, Mexico, Canada, the Caribbean and Europe.Details surrounding the MidContinent fleet integration are unknown, however industry analysts believe that Fusion Airways may liquidate many of the airline's older assets.Beginning September 5th, MidContinent Airlines will begin a phased shutdown. Routes that can be accommodated by Fusion Airways will be cut first and the remainder scaled back through September 15th. MidContinent Airlines ceased ticket sales in July after the fate of the airline was deemed unknown, thanks largely to issues with creditors and their reservation system."We understand this is truly a sad day for MidContinent Airlines, however the MidCon brand and all it stands for will be better represented with the stability of Fusion's brand." Opulent Holdings Chairman, and Fusion Airways CEO, Jordan Greene said Sunday. He continued: "Today should not be looked upon as an ending for MidContinent, but rather as a rebirth with a stronger and more successfully orientated brand name."MidContinent airlines executives were not immediately available for comment, however they did release the following statement to their employees: "MidContient Airlines has a proud history, since being founded in 1997, we've seen enormous growth and stability, providing the most realistic virtual airline experience ever seen in the industry. Through our crew member's hard work and dedication, we have fostered a genuine customer base, and have helped to mold a standard for other airlines to follow. This is certainly a difficult day for all of us, however our leadership team believes that this move will not only ensure long-term success of MidContinent, but it will set a new standard for Virtual Airlines that has never before been seen."Fusion Airways is expected to release more information regarding passenger accommodations, and the airline's long-term plan in several days.---About Fusion AirwaysFusion Airways (ICAO: FUS, IATA: F4, Call-Sign: "Rip-Tide") is the a virtual air carrier based in San Francisco, California. Fusion provides air service to destinations in the United States, Canada, Mexico and Europe. Fusion Airways is the only San Francisco based luxury air carrier, with lie-flat seats in Fusion's widebody aircraft and a plethora of legroom throughout Business and Coach class. Fusion offers a state-of-the-art in In-flight Entertainment System, Zoom!, featuring 25 channels of DirecTV, countless channels of XM Satellite Radio and three channels of monthly featured films in every seatback of their Boeing 737, 757, and 767 aircraft. Fusion also operates a wholly owned cargo operation, Fusion Cargo, which provides global logistical support to cities worldwide with a fleet of McDonnell Douglas MD-11F aircraft. In addition to customer amenities, Fusion employs the latest in PHP technology including a state-of-the-art flight dispatch and financial tracking system as well as an industry leading ACARS platform, seniority based bidding and dynamic fleet and pilot tracking. For more in-depth information regarding Fusion Airways visit Fusion's website at http://www.fusionairways.com.About'>http://www.fusionairways.com.About Opulent HoldingsThe Holding Company for San Francisco based air carrier Fusion Airways, Opulent Holdings is a virtual corporation based in White Plains, New York. Opulent Holdings is traded on the vNYSE under the symbol "OPU." More information about Opulent Holdings is available at Fusion Airways' website at http://www.fusionairways.com.
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