Monday, February 13, 2006
Quick Takes
- The National Transportation Safety Board (NTSB) has determined that pilot error caused the October 2004 crash of a Beech King 200 into mountains near Martinville, Va. Eight passengers, employees of NASCAR's Hendrick Motorsports, and the two pilots were killed.
The crash killed the son, brother and two nieces of Hendrick Motorsports owner Rick Hendrick.
The flight departed Concord, N.C., operating on instrument flight rules enroute to Martinsville. NTSB said that radar data shows the plane descending to land at Martinsville, but not at the proper time. Seven miles beyond the airport after it missed its approach, the plane collided with a fog-covered mountain. The investigators said the pilot should have turned right after missing the approach instead of continuing to fly straight ahead.
The plane did not have a voice cockpit recorder so the investigators could not say why the initial landing approach was missed.
The NTSB concluded the flight crew failed to properly execute the published instrument approach procedures and failed to use all the plane's navigational aides to monitor its position. The plane did not have a ground proximity warning system.
- Trans States Airlines will be an all-jet carrier by fall. The airline will retire its six remaining 30-seat Jetstream 41s as the leases expire.
Trans States has been using the turboprops on its American Connection routes serving 14 markets.
In nine markets out of St. Louis, Trans States will provide upgraded service using its Embraer [ERJ] 145 fleet. In five other markets, American Airlines [AMR] will try to continue service by transferring these routes to RegionsAir. At this point, continued service is not assured. RegionsAir flies the 19-seat Jetstream 32.
- The parent of Jazz and Air Canada, ACE Aviation Holdings [ACE], will pay $47.6 million in profit sharing payments to its employees.
Under the Jazz profit sharing plan, $9.8 million is to be paid out with $3.4 million already paid out in the Jazz Ensemble monthly incentive program.
The Air Canada plan paid out 2.7 percent of the employee's salary or about $867 per employee. The plan has already paid out $26 million of the $37.7 million in the Share Our Success program.
- ExpressJet Holdings [XJT] directors recently approved a long-term cash and stock incentive program for senior executives. Over the course of the program, which expires in 2009, no more than $15 million in bonus awards can be paid out. The awards will be made at the sole discretion of the board's human resources committee.

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