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January 23, 2009
The senate confirmed former Representative Ray LaHood as the new Department of Transportation Secretary yesterday clearing the way for his top priority, according to his...January 23, 2009
As indicated during its recent fourth quarter conference call, Mesa Air Group entered into separate agreements with certain holders of its Senior Convertible Notes Due 2023 and certain holders of its Senior Convertible Notes Due 2024 to waive the January 31, 2009 put right for $15.6 million in aggregate principal amount at maturity of the 2023 Notes and exchange $18.9 million in aggregate principal amount...January 22, 2009
With little fanfare and a lot of back patting, the Senate Commerce, Science and Transportation Committee seemed to be in a love fest with Department of Transportation Secretary Designate Ray LaHood at yesterday’s confirmation hearing. However, Chair Jay Rockefeller began the questioning with the airline position that that industry pays for 92 percent of the air traffic control whereas others in the...January 22, 2009
The massive problems getting the Boeing 787 and the Airbus 380 delivered have made customers wary of new aircraft programs hampering sales efforts for Bombardier’s 100- to 130-seat CSeries scheduled on the market in 2013, according to...January 21, 2009
To no one’s surprise since there was only one bidder, the judge overseeing Eclipse Aviation’s bankruptcy approved the sale of assets to EclipseJet Aviation International, Inc allowing...January 21, 2009
AMR and United scheduled their fourth quarter/year-end conference calls for today with United expected to report the largest loss of any U.S. airline, according to analysts. Also on today's...January 20, 2009
The first authorized service center in India to service Embraer’s Legacy 600 and Phenoms was named by Embraer which chose Indamer Company Pvt. Ltd., a wholly owned subsidiary of European Aviation Holding Co. Pvt. Ltd. (EAHC), an authorized executive jet service center. “The fast...January 19, 2009
Even as it has suspended its Aviation Safety Action Program for pilots, American Airlines reached agreement with the Association of Professional Flight Attendants (APFA) and the Federal Aviation Administration (FAA) for flight attendants to implement an ASAP program. American is one of a handful of airlines that have pulled out of pilot ASAP as pilots allege that the major carrier uses it punitively rather...January 19, 2009
An Air Canada flight operated by Air Georgian blew all the tires aboard a Beech 1900 landing at Albany International Airport in New York last...January 16, 2009
It is little wonder that aviation groups differed on their take of the House stimulus package with Air Transport Association expressing disappointment and the American Association of Airport Executives applauding the bill which was $500 million short of the $4 billion industry request. Very simply, the package included $3 billion for airports...January 16, 2009
Mesa Air Group received yet another letter from Nasdaq January 5 citing the company’s failure to meet filing requirements for its plan to delist the...January 15, 2009
Pinnacle Airlines exercised its options of 15 additional Bombardier Q400 aircraft after it closed a deal for additional Continental Connection flying for subsidiary Colgan Air. Colgan will purchase and take delivery of the 15 additional Q400 aircraft, scheduled for delivery between August 2010 and April 2011, which will ultimately bring...January 15, 2009
As part of a plan to stave off gridlock at LaGuardia next summer, the Department of Transportation issued a February 2 deadline yesterday for airlines to tell the department which flights they will voluntarily give up in order to reduce congestion at the airport. DOT is attempting to reduce...January 14, 2009
In an ominously short fourth quarter conference call in which only two investment analysts tuned in, Mesa revealed its strategy this year is to solve its big money problems, including its note holders in order to reduce costs. In the meantime, it delayed the delivery of 10 CRJs and negotiated the return of $6 million of the $6.5 million in deposits already paid Bombardier as part of an amended purchase...January 13, 2009
After a three month delay, Mesa Air Group, Inc. announced today fourth quarter losses from continuing operations of $22.3 million ($0.83 per diluted share) on gross operating revenues of $325.3 million. Mesa’s fourth quarter ends on September 30. This compares to losses from continuing operations of $62.2 million ($2.16 per diluted share) in the fourth quarter of 2007 on gross operating revenues of...January 13, 2009
Embraer deliveries were up 20 percent last year when it delivered 59 jets to the Commercial, Executive, and Defense and Government aviation segments...January 12, 2009
After announcing it is adding 10 CRJ 900s to replace 20 CRJ 200s, Atlantic Southeast said for the first time in its history its is being forced to layoff...January 12, 2009
The new schedule for Great Lakes Airlines includes new service to Glasgow, Glendive, Havre and Wolf Point, Wyo., now that it has finally managed to gain new aircraft...January 9, 2009
After a devastating December in which it was forced to cancel hundreds of flights owing to weather, Horizon greeted a new weather disaster along the I-5 corridor and the...January 9, 2009
SkyWest, Inc.and Delta agreed to the operation of an additional 10 CRJ 900s to replace 20 CRJ 200s being spun out of the Delta Connection fleet earlier than the expected termination dates in the second and third quarters of 2010. The aircraft were previously ordered by Delta and are now being contracted for...
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