The so-called “Jets for Jobs” program agreed upon by US Airways as part of the labor contract ratified by its ALPA-represented pilots over the summer has produced neither jobs nor jets for anyone so far.
Greek regional airline Aegean Airways has surfaced as one of six bidders for the country’s ailing flag carrier, Olympic Airways. Aegean will compete for the rights to the airline with Olympic Investors; New Wings, led by Greek businessman Pavlos Vardinoyiannis; Golden Aviation, led by Greek shipping tycoon Spiros Restis; Chrysler Aviation; and Wexford Group, owner of U.S.-based Chautauqua Airlines.
America West’s decision to close its hub in Columbus, Ohio, has forced it to sever its relationship with code-share partner Chautauqua Airlines. Between early April and mid-June, America West will gradually downsize the hub to a planned four mainline flights per day, a development that freed Chautauqua’s 12 Columbus-based Embraer ERJ-145s to fly as Delta Connection, starting April 1.
As the global economy slows and sales of current-generation regional jets reach a plateau, new designs conceived during the height of the regional-jet spending spree stand ready to vie for market acceptance at a time when ambivalence prevails throughout the industry.
Forty-eight hours before the Regional Airline Association staged its annual convention at the Phoenix Civic Center from May 18 to 21, the season’s first 100-degree day marked the start of another long, oppressive summer in the Sonoran desert of the American Southwest.
Indianapolis-based Republic Airways will soon issue five million shares of stock at between $14 and $16 each in its third attempt to take the company public, according to a prospectus filed last month with the SEC.
GE Capital Aviation Services has amplified threats to withdraw its regional jet financing deals with US Airways if pilots do not accept a revised letter of agreement (LOA 91) to loosen restrictions on RJ placement outside the airline’s wholly owned subsidiaries.
Less than six months after Shuttle America filed for Chapter 11 bankruptcy protection, the Windsor Locks, Conn.-based de Havilland Dash 8 operator signed a new code-share agreement with US Airways covering new service from Boston Hanscom Field to Philadelphia and Trenton, N.J.
The FAA, EASA and Brazil’s aviation authority have approved a new maintenance program for the Embraer ERJ 145, allowing operators to increase C-check intervals from 4,000 flight hours to 5,000 hours. Embraer claims this extension, along with other recent efforts to lower maintenance costs, will cut maintenance workloads by 13 percent.
Long a concern for regional airlines and the world’s two largest regional jet makers, a growing pessimism about the future of not only US Airways but also Delta and United Airlines carries implications for virtually the entire industry. Last month’s bankruptcy filing by US Airways only intensified the anxiety gnawing at all of the airline’s regional code-share partners.