RJET in Hawaii
In the third such deal in which it provides financing to a capacity purchase partner, Republic Airways Holdings is going into the Hawaiian market as previously reported in a deal that injects $8 million in direct financing to Mokulele Airlines. The company previously provided $27.5 million in financing to... [read more]
CO, DL Regionals Profitable, AA Not, Analysts Predict ’09 Mainline Profits
Just as we’ve seen in previous quarters, the regional programs at Delta and Continental posted profits for the quarter, while expenses for the regional affiliates at American overwhelmed revenues. The results came as Delta and Continental reported losses in the third quarter and AMR Corp, parent...
New Airport May Not Be So Crazy, After All
Panama City, Fla – Those who think building a new airport with a 10,000 foot runway in the middle of a nature preserve and on the cusp of sea change in the aviation industry, is crazy haven’t talked to the folks involved in the $330 million project for the Panama City-Bay County Airport that is...
JBLU, Cape Air in Pilot Deal
JetBlue’s year-old pilot training partnership with Cape Air resulted in over three dozen new pilots being added to the program run in partnership with the University of North Dakota (UND) and Embry Riddle Aeronautical University (ERAU). In addition to internships at the partner airlines, upon...
XJT Reaches Tentative Accord with Unions
ExpressJet Holdings, Inc. (XJT) reached tentative agreements with all four of its labor unions representing the pilots and instructors, mechanics, flight attendants and dispatchers. Voting is scheduled to be completed by November 1. If ratified, ExpressJet expects to realize $20 million in labor cost savings...
AIR Reports Pilot Hiring Up
Airlines nearly doubled their hiring between August and September, according to AIR, Inc, which said its reporting airlines hired a total of 429 pilots in September, approximately 99 percent more pilots than the previous month. Even so, the organization expects furloughed and laid off pilots to increase by...
ATA Sues FAA on Slot Auctions
As expected the Air Transport Association (ATA) filed suit against the Federal Aviation Administration federal court to invalidate two slot auction rules, one rule for LGA and another for both JFK and EWR. ATA’s law suit challenges FAA’s claim that slots are agency property that can be leased or...
News Slots at DCA
The Department of Transportation is assigning a single roundtrips worth of slots to Washington National Airport by year end and Akron-Canton Airport (CAK) hopes to gain the new service if US Airways wins the award. Akron has been working on such service for more than a decade and said the airline expects to...
Embraer Order Book Up 34 Percent
Based on the first three quarters of 2008, when it delivered 45, 52, and 48 jets, respectively, Embraer shows a steadier production process, which represents a 34 percent increase over the same period in 2007 when the company delivered 108 jets, prompting Embraer to reaffirm its estimate of delivering 195 to...
ERA Watch – Eco Resolution, New VP, Emergency Handbook Revised, Awards
ERA Emissions Resolutions Passed The European Regions Airline Association (ERA) reacted strongly to last week’s vote of the European Parliament’s Environment Committee to impose 100 percent auctioning of carbon permits for aviation by 2020, saying this will add a further €6 million a year...
Airbus, Pratt Launch PW1000 Testing
Testing for Pratt & Whitney’s Geared Turbofan, now knows as the PurePower 1000G, began joint flight testing with Airbus last week with the first flight on an Airbus-owned A340 test aircraft in Toulouse, France. Airbus and Pratt & Whitney have partnered on flight testing a technology...
Fed Watch -- R/W Lights, New Gear for TRACONs
FAA Expands Runway Status Lights Nationwide Sensis Corp was awarded a $131 million, three-year contract to install runway status lights at 22 major U.S. airports. The award from the Federal Aviation Administration includes two one-year options to install the lights at additional airports for a total contract...
Aircraft Market Watch – Embraer, Copa, BAE Systems
African Carrier Takes ERJ 190 Embraer and LAM - Linhas Aereas de Mocambique – signed a contract for two ERJ 190 aircraft, plus two purchase rights for the same model. The total value of the deal is $75 million, at list price, and could double, if all purchase rights are exercised. "We welcome LAM...
Quick Takes – Nordic, Leading Edge Av Services
NAC Nordic Aviation Contractors Changes Name Nordic Aviation Capital (NAC) is the new name of NAC Nordic Aviation Contractor, the world’s largest independent regional aircraft lessor. The name change and new corporate identity, launched to coincide with last week’s ISTAT European Conference in...
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