MAIR’s Foley Joins Mesa
Paul Foley, formerly president and ceo of MAIR Holdings, Inc and president and CEO of Mesaba Airlines, was appointed chief operating officer of Mesa Air Group, Inc. in an announcement made on Friday. Michael Lotz remains president and chief financial officer Mesa Air Group who will focus on restructuring the... [read more]
Safety Watch – Cape Air, AE
Cape Air Experiences First Accident For the first time in its 19-year history, Cape Air experienced its first fatal accident recently in which Captain David D. Willey, the sole occupant on the ferry flight, was killed. The crash of the Cessna 402 occurred September 28 in West Tisbury, Mass. in heavy rain and...
MRJ Residual Values Gain Further Credibility with Boeing Support
The prospect of a more widespread customer base for the Mitsubishi MRJ emerged after the announcement that Boeing is to provide marketing, development and after sales support for the program, according to a dispatch from RAN’s sister publication Aircraft Value News. The emergence of new manufacturers...
Pinnacle Increased DL Connection Fleet
Delta is loaning Pinnacle seven former Freedom Airlines aircraft while Pinnacle awaits delivery of its own aircraft beginning in January. The additional Bombardier CRJ 900 will launch operations this month. Related Story "Delta has asked us to operate additional CRJ-900 aircraft that are being returned...
Stockholders Approve XJT Stock Action
ExpressJet Holdings, Inc. can return to trading on all NYSE Group platforms after stockholders approved a 1:10 reverse stock split of its common stock. The reverse stock split, as previously announced, is part of ExpressJet's continuing efforts toward improving liquidity for its...
Gulfstream International Gets New Debt Financing
Gulfstream International Group, Inc. (GIA) hopes to net Gulfstream approximately $5.17 million in proceeds from the sale of the Senior Debentures and Junior Debentures, net of fees and expenses. Proceeds of the financings will go toward repaying an existing secured line of credit, to finance the company's...
Industry Gathers Liquidity as it Preps for Downturn
The industry does not stand out as unique in the financial crisis facing the U.S. economy meaning, as with other businesses it will see tight capital and dropping demand, LECG, LLC’s Dan Kasper told Regional Aviation News. But unlike other sectors of the economy, especially small businesses, the...
Korean Agency, Sukhoi Sign Pact
Sukhoi Civil Aircraft Company and Korea Trade-Investment Promotion Agency (KOTRA) signed an MOU on the Sukhoi Superjet 100 Program under which KOTRA will assist SCAC in identifying Korean enterprises, who are considered by Sukhoi Civil Aircraft Company as potential participants in production cooperation on...
Slot Auctions Illegal
The industry hailed the decision the finding of the Government Accountability Office (GAO) that slot auctions are illegal and the FAA would be violating the law if it goes through with its slot auction at Newark. The GAO said FAA has no legal authority to auction slots at any airport. Continental said it...
Risky Runways Subject of House Hearing
In the wake of another runway incursion involving a regional airlines, the General Accounting Office told House hearings recently that the risk of runway incursions at U.S. airports remains high despite concerted effort by the Federal Aviation Administration (FAA) to reduce the air safety risk, FAA and...
Market Watch – Porter, Horizon
Porter Adds Second U.S. Point, Aircraft With the introduction of new service between its base at Toronto City Center Airport (TCCA) and Chicago’s Midway Airport, Porter Airlines adds its second U.S. point on Nov. 12. Porter is the only carrier offering service between these two downtown airports. The...
RAA: New Drug Testing Proposals Harassment
Citing the importance of maintaining the rights and dignity of airline employees, the Regional Airline Association (RAA) in joint comments with the Air Transport Association (ATA) asked the U.S. Department of Transportation to withdraw its planned rule requiring airlines...
Short Takes -- ATA, Continuing Resolution
Embraer Earnings Projection Remain Unchanged Embraer’s projections for the year remain unchanged, CEO Frederico Curado told the Dow Jones Newswire last week. Revenue, he said will be $6.5 billion for the year, up from $5.2 billion last year, and $7.1 billion next year. Despite the financial turmoil...
New Twin Otter Scheduled to Fly
Viking Air plans the first flight of the first new Twin Otter in 20 years this week with more than 40 customers awaiting its final development, according to CanWest News Service. All have signed contracts with deposits for the $4 million, 19-seat aircraft that is a resurrection of one of the aircraft that...
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