Hawaiian Airlines’ parent company has begun the process of creating a new regional subsidiary to serve the Hawaiian islands of Molokai and Lanai with a used ATR 42 it bought in late October from Dublin, Ireland’s ASL Aviation Group. A separate purchase agreement between the two companies called for delivery of another ATR 42 last month.
Avincis is the new name for World Helicopters, a firm that combined the Bond Aviation Group with Inaer when it took over the former last spring. The group, owned by KKR and Investindustrial, operates 400 aircraft, 350 of them helicopters.
Republic Airways’ efforts to “restructure” its Indianapolis-based Chautauqua Airlines subsidiary appear to have yielded their intended results. During a November 1 conference call to discuss the company’s third-quarter earnings, Republic CEO Bryan Bedford reported that the regional airline holding company has found a way to mitigate future negative cash flows at Chautauqua by some $45 million over five years, largely by reaching new business agreements with several “key stakeholders ” and returning idled aircraft to revenue service.
Ailing Scandinavian carrier SAS will reduce its workforce by 6,000 employees, sell off its Widerøe regional subsidiary and centralize administrative functions in Sweden in return for an increased credit line from major shareholders and banks of 3.5 billion Swedish kronor ($525 million) through March 2015. The new revolving credit facility has yet to be approved by the parliaments of Sweden and Norway.
Canadian air navigation service provider (ANSP) Nav Canada and Iridium Communications signed a joint venture agreement that will eventually give Nav Canada a controlling interest in the Aireon global, satellite-based aircraft surveillance system.
Like many companies with high hopes for air transport growth in China, Honeywell Aerospace is counting on the country’s new leadership to step up a long-anticipated set of reforms, including moves to get the Chinese military to open vast chunks of airspace.
Dying is one thing. Being reborn is quite another, as Hawker Beechcraft, its employees, lenders and creditors are discovering during the current bankruptcy and restructuring.
At the NBAA Convention last month, HBC chairman Bill Boisture explained recent events to that point and outlined the Wichita OEM’s future, which he confirmed will not include its business jet line.
Cabin humidification specialist CTT Systems is hoping to get its Cair equipment adopted for use in more business aircraft. To date, the Swedish company has mainly had success in getting Cair installed on Boeing Business Jet and Airbus Corporate Jet bizliners, but it has recently been approached by airframers, including Bombardier, about possible applications on more mainstream models.
Markus Bucher, previously COO of Pilatus Aircraft, has been named CEO and chairman of the Swiss airframer’s executive board, effective January 1. He succeeds Oscar Schwenk, who will remain chairman of the board of directors.
Fractional aircraft provider Flexjet has named Deanna White as president. Previously she was Bombardier subsidiary’s v-p of finance and administration.
Statistics released last month by the General Aviation Manufacturers Association (GAMA) reveal that business aircraft deliveries did not show much evidence of resurgence during the third quarter. While the industry overall recorded a 4.2-percent increase, the business jet landscape remained virtually flat, with the OEMs reporting deliveries of 428 private jets through the first nine months of the year, just one more than they did during the same period last year. In the third quarter, airframers handed over 134 jets, a decrease from the 171 delivered in the second quarter of the year.