SkyWest Launches Deal with Trip in Brazil, Net Down
After studying various opportunities around the world, SkyWest Inc invested $5 million for a six percent stake in Brazilian regional TRIP Linhas Aéreas based in Campinas, Brazil. Vice President and Treasurer Mike Kraupp told Regional Aviation News the investment could rise to 20-25 percent of the... [read more]
Air Wisconsin in Load to LCC
Following a similar loan from Republic Airways Holdings, Air Wisconsin Airlines Corporation is providing $35 million loan to US Airways, Inc for an initial term of 12 months with optional monthly extensions totaling an additional 12 months, provided certain conditions are met. Related Story The loan...
ExpressJet Reports Results Improve
"This quarter was one of transition for ExpressJet," said ExpressJet President and CEO Jim Ream. "Everyone at the company worked hard to redirect this entire organization, and I feel we have made enormous progress in a short amount of time.” Ream indicated the company made significant...
Another Lawsuit for Mesa
While some may think that the courthouse is no place to resolve disputes, it seems Mesa is not one of them. Indeed, it is keeping its lawyers very busy with the various lawsuits for and against it. In addition to the pending suit against it by Aloha, it has its own suit against Mokulele Airlines, its go...
PNCL Net at $7M for Q3
The Colgan turn-around is proceeding well, according to Pinnacle Airlines Corp President and CEO Phil Trenary, who expects the subsidiary to turn to profitability next year. “Changes to revenue stream, combined with the elimination of bad performing routes and moderation in fuel prices will make 2009 a...
Embraer Net Down Dramatically in Q3
Embraer will not follow Boeing and Airbus in banking its aircraft, should financing become difficult for its customers, said CEO Frederico Curado, who said the company prefers to take a very conservative approach to putting sales on its own balance sheet. “We may surgically use some support and bridge...
Jazz Reports Record Net Income of $42.3 million
Jazz reported net income of $C42.3 million for the third quarter, up 6.4 percent from the year-ago period at the same time it recorded operating revenue of $437.4 million, up 14 percent. The airline, which has a cpa with Air Canada earned $C4.1 million in operating incentives and finished the quarter with...
Sukhoi Superjet Flies Aboard AN-124
The Sukhoi Superjet 100 # 95006 was transported from Komsomolsk-on-Amur to the Novosibirsk Aviation Production Association. The test plane traveled all the way from KnAAPO (Komsomolsk-on-Amur Aircraft Production Association) aboard the An-124 Rouslan heavy-lift transport aircraft. Soon after the aircraft was...
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