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Monday, November 15, 2004

Briefs

  • As United Airlines [UALAQ] continues to restructure the company while operating in Chapter 11, it has put the 500 daily departures handled by Air Wisconsin up for bid. United has asked its six current United Express partners and four other regional carriers to submit bids by Dec. 10 to operate the routes with 70 RJs. The privately held Air Wisconsin only flies for United and it is its oldest code-share partner.
  • The Regional Air Cargo Carriers Association (RACCA) has elected a new slate of officers at a recent board meeting. David Corey, president of AirNow, will be the trade group's new chairman. He replaces Gary Richards, president of Ameriflight. Jeanne Cook, of Bankair, and James Thomforde, of Wiggins Airways, were elected to the board. The pair replaces founding directors Gene Mallette, of Alpine Air, and Greg Thompson, of Airpac Airlines.
  • ATA Holdings [ATAH], the parent of Chicago Express and ATA, has obtained a short-term $15.5 million cash infusion from the state of Indiana. The Indiana Transportation Finance Authority has agreed to buy ATAH's assets at the Indianapolis airport. The deal calls for the carrier to buy the assets back from the state by Feb. 15, 2005. The bankrupt ATAH needed the cash to stay in business until the previously announced sale of 14 gates at Chicago's Midway International Airport to AirTran [AAI] is completed.
  • In an update on the fatal crash of Pinnacle [PNCL] flight 3701 on Oct. 14, the National Transportation Safety Board has determined that the two GE CF34-3B1 engines, which stalled during flight, did not have any pre-existing problems that could have lead to the accident. The plane's flight data recorder indicated that the pilots tried several times to restart the engines using the auxiliary power unit on the Bombardier [BBD] CRJ 200 without success. The two pilots, who were repositioning the plane, were the only ones on board.
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