XJT Reaches CO Accord; Seeks Debt Restructuring
Last week was a busy one for ExpressJet Holdings, Inc. (XJT). In addition to following Mesa's lead in trying to renegotiate debt, it reached an accord with Continental on a new, reduced rate, seven-year capacity purchase agreement (CPA), even as it continued to explore its strategic options resulting from an... [read more]
ASA Improves Performance
Long the whipping boy of the regional airline industry’s performance problems, Atlantic Southeast Airlines (ASA) has reached a tipping point in improving its performance to the point where it now ranks at the top tier of the industry in terms of cancelled flights, according to President and COO Brad...
Regional Accidents Focus of NTSB Meeting This Week
Four regional accidents and incidents will be the focus of this week’s National Transportation Safety Board public meeting tomorrow. The board will discuss the April 12, 2007, a Bombardier/Canadair Regional Jet (CRJ) CL600-2B19, operated as Pinnacle Airlines 4712, ran off the departure end of runway 28...
Aloha Suit Against Mesa Proceeds
Despite its liquidation, the trustee for Aloha is selling its legal claim against against financially troubled Mesa. An earlier announcement indicated Aloha was proceeding with the suit with funding for the legal retainer coming from one of Aloha’s majority investors – Yucaipa...
BBD Releases Q1 Profits
Bombardier released strong financial results for the first quarter ended April 30, 2008. Revenues increased by 21 percent to reach $4.8 billion. Earnings before financing income, financing expense and income taxes (EBIT) totaled $321 million, compared to $183 million last fiscal year ($252 million last...
ICAO Launches Carbon Offset Standard
The International Civil Aviation Organization launched a new carbon offset standard on Thursday governing how much passengers should pay to offset their emissions footprint. The standard immediately came under fire in Europe when an official at Germany’s emissions trading organization said it...
RACCA Adopts SMS
A new Safety Management System (SMS) was unveiled for Regional Airline Cargo Carrier Association (RACCA) members during its recent spring conference. The program was developed by the association’s Safety Committee, which dubbed it “SMS Lite,” is a simplified system based on a boilerplate...
FAA Adopts New Taxi Instructions
Under new FAA procedures that take effect this week, air traffic controllers must provide specific taxi routes to pilots, instead of simply clearing operators to proceed to the runway through a series of taxi instructions. Controllers must tell pilots and airport vehicle operators the specific route an...
Foreign Repair Station Bill Introduced
A bill – the Safe Aviation Facilities Ensure Aircraft Integrity and Reliability Act of 2008 – was introduced last week by Senators Claire McCaskill (D-Mo.) and Arlen Specter (R-Pa.) covering stricter oversight of foreign repair stations, a move applauded by the Business Travelers Coalition, and...
FAA Watch – New Eastern Fuel Saving Routes, New Hunstville Tower
FAA Improvements Help Airlines Save Fuel Costs and Reduce Emissions New procedures changes took effect last Thursday with new East Coast routes over the ocean which, said the Federal Aviation Administration (FAA), promises to reduce aircraft carbon emissions by 3.9 million tons and save between $400 and $700...
Quick Takes -- Porter, Frontier, Project Phoenix, Embraer, Bombardier
Porter Unveils Frequent Flyer Program Porter Airlines announced its frequent flyer program, VIPorter, as the latest benefit for its passengers. Starting June 9, all registered Porter customers will begin earning VIPorter Points each time they fly Porter. Points collected can be used to redeem complimentary...
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