Operators of some posh FBOs sometimes complain that pilots are “looking for Wal-Mart prices.” At Beaver Lake Aviation at Rogers (Ark.) Airport (ROG), that’s exactly what they’ll find. The FBO is a division of the massive retailer and grew out of its corporate flight department. Wal-Mart has a lengthy aviation heritage, with founder (and avid pilot) Sam Walton having traveled the country by air, seeking new store locations.
Economy of the United States
Beset with stagnant civil sales, a stymied multi-billion-dollar, investment-intensive defense project and a dearth of new programs in the pipeline, Bell Helicopter Textron has decided, like the beer world, to take a chance on a “lite” product, in this case a new lightweight, lower-cost turbine single helicopter.
On behalf of the approximately 575 Flight Options pilots, the International Brotherhood of Teamsters Local 1108 last week filed for mediation with the National Mediation Board (NMB), saying that contract negotiations between the pilot group and the fractional provider’s management team have “broken down.” Negotiations on the initial work contract between the parties began in June 2006, not long after the Flight Options pilots voted for union
Great Lakes Aviation has requested a hearing before a Nasdaq listing qualification panel to contest the planned delisting of its shares from the Nasdaq Stock Market. The hearing request in effect delayed the delisting of Great Lakes’ securities pending the panel’s decision.
The insidious and far-reaching effects of the WorldCom debacle hit home for Mesaba Airlines, as the Minneapolis-based Northwest Airlink partner watched its devalued bond holdings in the beleaguered communications company shrink its first quarter 2003 income by $2.7 million. As a result, the company’s net income for the quarter ending June 30 totaled $1.6 million, compared with $4.7 million during the same period last year.
Nasdaq’s listing qualification panel removed Great Lakes Aviation from its SmallCap Market index on August 14 after denying the airline’s appeal for an exemption. On August 1 Great Lakes submitted oral and written presentations to the Nasdaq panel, including a financial restructuring plan aimed at returning it to compliance with the market’s listing criteria.
American Airlines’ decision last month to retire 74 more Fokker 100s and nine Boeing 767-300s will mean continued capacity stagnation at its wholly owned American Eagle subsidiary, as long as the Allied Pilots Association has its way.
US Airways’ decision to file for Chapter 11 bankruptcy last month officially placed the courts at the center of a restructuring exercise in which the development of the airline’s regional network has emerged as perhaps the most crucial component.
US Airways informed Mesa Air Group that it will end its code-share relationship with Mesa subsidiary CCAir on November 4, and re-assign the last remaining routes flown by the Charlotte, N.C.-based regional to wholly owned US Airways subsidiary Piedmont Airlines. The decision will effectively close CCAir in its entirety, unless Mesa can negotiate a new “cost plus” contract to replace CCAir’s pro-rate agreement.
The “Strong Union” leaders who helped NetJets pilots obtain an industry-leading contract three years ago resigned from the local representing the fractional pilots– IBT Local 1108–in mid-March in the wake of “a resurgent decertification movement” being led by a group called the NetJets Association of Shared Aircraft Pilots (NJASAP).