By the time American Eagle president Dan Garton spoke with AIN in late March, he had just presented his labor groups with a restructuring plan that called for a 5-percent reduction in the number of employees to achieve the cost savings the company would need to emerge from Chapter 11 bankruptcy.
US Airways has signed agreements with the three unions that represent nearly 55,000 American Airlines employees calling for all the parties to work collaboratively toward labor contracts should the two airlines merge.
Lufthansa Technik and Global Aviation Holdings, a provider of passenger and cargo charter, have extended their existing cooperation for Global’s wholly owned subsidiaries World Airways and North American Airlines.
The two companies have signed a maintenance contract for up to nine World Airways MD-11s and a support contract for North American’s five Boeing 767-300ERs. Both contracts are for five years.
Memphis-based Pinnacle Airlines filed for Chapter 11 bankruptcy protection on April 1, marking the start of a process in which it plans to “wind down” all its United Airlines turboprop flying, including its Colgan Air Bombardier Q400 operation.
Profound change is coming to the flight-training industry, prompted by new legislation in the U.S. and by the rapid growth of airline and business aviation in countries where aviation is finally gaining a stronger foothold.
The Asia Pacific market will lead strong passenger growth around the world over the next 20 years, giving Boeing and its rivals with a market for 11,450 airplanes valued at $1.5 trillion. This was the latest assessment of Boeing Commercial Airplanes vice president of marketing Randy Tinseth during a media briefing on eve of this year’s Singapore Airshow
“Asia Pacific is such a strong and dynamic market [and] in 2012 we’ll continue to see resilient passenger traffic growth levels above the forecasted world average,” he predicted.
Lufthansa Technik is now the sole owner of used aircraft spare parts supplier AirLiance Materials. The acquisition was completed when Lufthansa Technik acquired the shares previously held by minority owners United Airlines and Air Canada.
Independent fuel supplier AvFuel closed out last year with a bang, adding six new venues to its coast-to-coast network of dealers.
Now part of the company’s network are Executive Air, at Austin Straubel International Airport in Green Bay, Wis; Midcoast Regional Airport at Wright Army Airfield, in Hinesville, Ga.; Baer Air at Florida’s Melbourne International Airport; the San Luis Jet Center at San Luis County Regional Airport, in California; Transair Center, at Honolulu International Airport; and United States Aviation at Tulsa International Airport in Oklahoma,
Fort Lauderdale, Fla.-based Gulfstream International Airlines continues its transformation with a name change–to Silver Airways Corp.
The airline emerged from Chapter 11 bankruptcy protection in May, when its new owner, Chicago-based asset management firm Victory Park Capital, provided $5 million in debtor-in-possession funding.
United Continental Holdings announced that the first of its 50 Boeing 787 Dreamliners on order entered the final assembly phase at Boeing’s factory in Everett, Wash., yesterday. United expects to become the first North American carrier to take delivery of the Dreamliner in “early 2012.”