The boards of AMR Corporation and US Airways Group have unanimously agreed to move forward with the long-anticipated merger of their American Airlines and US Airways subsidiaries, the companies announced Thursday morning.
Newly formatted data from online charter portal Avinode gives a clearer impression of the fluctuations in charter aircraft demand and pricing.
Standard Aero’s Associated Air Center is gearing up to receive its first Boeing 747-8 completion at its Dallas facility.
The Regional Transportation Authority (RTA) for Chicago and its surrounding region has publicly charged United Airlines and American Airlines with running “sham” business operations conceived to circumvent city and RTA sales taxes. In a lawsuit filed against United last week, the RTA–a municipal corporation of government that oversees the Chicago area’s public transportation departments–claimed that the airline established shell offices in the town of Sycamore, Illinois, where it pays a total tax rate of 8 percent.
Imagine seeing this headline: “Major Airline Uses Student Pilots on Passenger Flights.” There would be universal outrage and condemnation if an airline tried to put students in the cockpit on passenger-carrying flights–even if “just” to handle the radios or practice touching some of the controls in cruise flight.
Strong financial performance by the world’s airlines in the second and third quarters caused the International Air Transport Association (IATA) to revise up its yearly profit forecast for carriers by 63 percent from two months ago, to $6.7 billion. The association said profits should improve to $8.4 billion next year.
Airbus Corporate Jets launched its new Gala cabin concept for the ACJ330/340 widebodies today at MEBA 2012. The concept is applicable to A330s and A340s, which essentially have the identical cabins between doors two and three. In this cabin zone, Airbus proposes the installation of a VVIP fit encompassing a master bedroom, master office and conference area. Governments requiring head-of-state aircraft are seen as the main potential customers.
The significant investments in expanding the aircraft completions and maintenance capabilities of Amac Aerospace have surely been made with the Middle East very much in mind.
Tough economic times are resulting in innovations by carriers in the Asia Pacific region looking beyond traditional business models through strategic realignments and new product offerings. Recent ground-breaking deals include Virgin Australia selling a 10-percent stake to Singapore Airlines (SIA) and buying 60 percent of Tiger Airways; the new partnership between Emirates Airline and Qantas; and Etihad Airways purchasing a 10-percent stake in Virgin Australia.
The pilots of American Eagle voted on Monday to ratify a tentative agreement reached last month between their Air Line Pilots Association bargaining committee and airline management. Seventy percent of participating pilots voted in favor of the agreement. Of the airline’s some 3,000 pilots, 85 percent cast ballots.