Delta Air Lines announced last month that it has entered into definitive agreements to sell two of its wholly owned regional airline subsidiaries–Minneapolis-based Mesaba and Compass Airlines. Delta has sold Mesaba to Memphis, Tenn.-based Pinnacle Airlines for $62 million, and Compass to St. Louis-based Trans States Holdings for $20.5 million. Delta said it would use the proceeds from the transactions for general corporate purposes.
News and issues relating specifically to regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training; and coverage of annual conventions of the U.S. Regional Airline Association (RAA) and European Regions Airline Association (ERA).
Germany’s Deutsche Lufthansa has exercised purchase rights on eight Bombardier CRJ900 regional jets, the Canadian manufacturer announced last month. Based on list prices, the value of the contract totals some $317 million.
Lufthansa said it expects to take delivery of the new aircraft in the first half of next year and place the 86-seat airplanes with its Lufthansa Regional unit.
Alleged maintenance-related gaffes at Trans States Airlines, GoJet Airlines and Executive Airlines prompted the FAA to propose more than $3.1 million in civil penalties against the carriers in late June. The proposed fines against St. Louis-based Trans States Holdings subsidiaries TSA and GoJet totaled $2,476,075, while American Eagle unit Executive Airlines faces a $700,000 penalty.
ATR has chosen former company chief executive Filippo Bagnato to replace outgoing CEO Stephane Mayer, whose three-year mandate has expired in accordance with the Franco-Italian company’s statutes. Bagnato served as ATR’s CEO between 2004 and 2007. For the past three years he held the position of Finmeccanica’s executive vice president of technical, industrial and commercial development.
Flybe yesterday placed what will likely be the biggest regional airliner deal of the Farnborough show week, committing to buy up to 140 Embraer 175 aircraft with a potential combined value of $5 billion. The contract signed here includes 35 firm orders (worth $1.3 billion), 65 options and 40 purchase rights.
Ruag Aerospace plans to deliver its first new-build 19-seat Dornier 228 New Generation to a still-unidentified Japanese commuter airline at the end of September. The Switzerland-based group is one of two companies to recently re-introduce a vintage 19-seat unpressurized turboprop to the regional airline and utility market.
The time for refinements to the Mitsubishi MRJ has nearly passed, as Mitsubishi Aircraft expects to freeze the regional jet’s design within the next two months. The company has frozen all the interfaces between the various systems and the structural components, both in the 88-seat MRJ90, scheduled for Japanese certification in late 2013, and the 76-seat MRJ70, which would likely gain its certification roughly a year later.
Embraer has narrowed down the possibilities for its next phase of product development to two options, company CEO Frederico Curado told AIN on the eve of this Farnborough airshow. Either it will re-engine its existing line of E-Jets or develop an all-new, larger airliner–or even perhaps opt for both, likely by the end of this year.
Delta Air Lines announced today that it has entered into definitive agreements to sell two of its wholly owned regional airline subsidiaries-Minneapolis-based Mesaba and Compass Airlines. Delta said it has sold Mesaba to Memphis, Tenn.-based Pinnacle Airlines for $62.0 million, and Compass to St. Louis-based Trans States Holdings for $20.5 million. Delta said it would use the proceeds from these transactions for general corporate purposes.
The Powerjet SaM146 received its EASA certification yesterday, June 23, some six years after Snecma of France and Russia's NPO Saturn founded the joint venture to build the engine and more than seven years after Sukhoi Civil Aircraft chose the engine to power the Superjet 100.