| Displaying 61 - 80 of 1185 matching stories. |
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| 12.09.2008 |
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IATA: ’09 Worst for 50 Years
While the U.S. industry is expected to be profitable next year, thanks to its dramatic and continuing capacity cuts, next year is expected to be the worst the industry has faced in 50 years, according to the International Air Transport Association (IATA). Its...
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| 12.08.2008 |
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Airlines Contribute $1.1T to Economy
“Airlines are a driver of economic growth, contributing more than $1.1 trillion in value to the economy and creating more than 10 million jobs,” said United Airlines...
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| 12.08.2008 |
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Sukhoi Books Another 15
Kartinka Airlines signed a Heads of Agreement with Sukhoi Civil Aircraft Company (SCAC) for 15 Sukhoi Superjet 100s and another 15 optional aircraft. The order is valued at $448 million at list prices. With Friday’s announcement, Kartika Airlines is the...
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| 12.05.2008 |
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Judge Rejects New Name for go!
Yucaipa may have won the bid for Aloha’s name, but the bankruptcy judge rejected its use by Mesa citing the “lack of sensitivity” of the two companies. He...
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| 12.05.2008 |
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BBD Continues Solid Results
Bombardier revenues jumped eight percent to reach $C4.6 billion in the third quarter ending October 31. Net income increased by $154 million, reaching $245 million, compared to $91...
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| 12.04.2008 |
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Yucaipa, Mesa Gain Aloha Name
With a winning bid of $750,000, Yucaipa outbid Hawaiian for the Aloha name and is expected to receive court approval today clearing the way for Mesa Air Group’s go! to rebrand itself with the legendary...
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| 12.04.2008 |
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Dornier Wins Judgment Against Hainan
In a five year old case, Dornier Aviation North America (DANA) won a settlement against Hainan Airlines through which it successfully garnished the first of several Hainan Airlines' bank accounts in order to pay creditors. DANA’s Liquidating Trustee...
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| 12.03.2008 |
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AMR Sells ATRs
In a sale and leaseback deal, AMR Leasing Corporation sold its 39 ATR 72 operated by American Eagle Executive Airlines to Nordic Aviation Capital A/S (NAC) and KIRK Kapital A/S for a sale and leaseback transaction...
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| 12.03.2008 |
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Six ERJ 195s to Air Europa
In a deal valued at $237 million, Globalia is taking an additional six Embraer ERJ 195s to be operated by Air Europa. Globalia is owned by Juan Jose Hidalgo, president of JJH Capital and Air Europa, The deal converts the purchase rights originally announced in...
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| 12.02.2008 |
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Mesa Sells D-8 Spares
Mesa Air Group is gaining $3 million from the sale of Dash 8-200 spares to Fokker Services, Inc., a part of the Stork Aerospace division for the sale, management, and repair of its DHC8-200 spare parts inventories. Under the agreement, Fokker Services will...
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| 12.02.2008 |
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ARJ-21 Flies
The Commercial Aircraft Corporation of China’s ARJ -21 regional jet took flight above the Shanghai skies November 28 as the country’s first regional jet. The product of the Shanghai Aircraft Manufacturing Factory, the 90-seat jet has a range of...
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| 12.01.2008 |
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Mesa Settles Aloha Suit
In what Hawaiians will likely call a twisted settlement, bankrupt Aloha may allow the company that drove several nails into its coffin to use its name, according to a deal cut between go!’s parent company Mesa and Aloha’s majority stakeholder...
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| 12.01.2008 |
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Malaysia, ATR Ink Mx Deal
In a deal valued at $27 million, Malaysia Airlines and ATR signed a Global Maintenance Agreement (GMA) for spare...
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| 11.26.2008 |
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Eclipse Files for Chapter 11
With between $100 million and $500 million in assets and $1 billion in debt, Eclipse Aviation filed for Chapter 11 bankruptcy this morning in U.S. Bankruptcy Court in Delaware. The assets of the long-troubled company are being acquired by ETIRC, whose chair...
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| 11.25.2008 |
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Campbell Takes Compass Helm
After Founding Compass President John Bendoraitis was named president of Comair, Delta named Tim Campbell, vice president of regional airline operations since 2007, to replace him. “Tim Campbell has a long history in the industry and has been integral...
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| 11.25.2008 |
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XJT Board in Stock Repurchase
ExpressJet Holdings’s board authorized an additional $10 million for the previously announced securities repurchase program with the common stock acquired through the...
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| 11.24.2008 |
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Domestic May Outperform Int’l in ‘09
Delta said that domestic advance bookings are running two points higher year over year, according to its latest Securities and Exchange Commission filing. However, in the wake of its...
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| 11.21.2008 |
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Compass Prez to Comair
Compass President John Bendoraitis was tapped to succeed John Selvaggio as president of Comair, a wholly owned Delta Connection. Selvaggio returns to retirement from which he was plucked a year ago to...
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| 11.21.2008 |
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SKYW Increases Dividend
SkyWest increased its quarterly dividend by 33 percent to $.04 per common share after the November 12 meeting of its board which authorized the continuing repurchase of common stock. The board cited...
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| 11.20.2008 |
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SW Bids $7.5 for LGA Slots
Southwest is trying to obtain 14 slots at LaGuardia with a $7.5 bid to acquire the slots of bankrupt ATA Airlines, a former code-share partner, to get the right of operate seven daily roundtrips at LaGuardia. The bid was part of the auction carried out by the...
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