Count on Kim Yensen to be turning heads on the highway in the months ahead. Yensen–a Devon Energy Corp. employee in Edmond, Okla.–is the winner of a drawing for a 2008 Harley-Davidson Heritage Softail Classic motorcycle that was given away at the show Tuesday by private-jet-services provider Million Air.
Economy of the United States
US airlines continued to post improved on-time performance numbers in September—the third straight month they did so and beating the mark they set last year, according to Portland, Ore.-based FlightStats.com. The year-to-date numbers tell a similar story about the seven largest U.S.
The Society of Professional Engineering Employees in Aerospace (SPEEA) has publicly called on Boeing to “face the fact that the global network is a failure and bring the critical work back so the experienced employees can get the 787 back on track.”
Flight Options and the International Brotherhood of Teamsters Local 1108, the union representing the pilot group, have announced “an unprecedented expression of mutual cooperation.” The two parties “have pledged to put their past differences aside and instead dedicate their efforts to achieving common goals.” In March 2006, the Flight Options pilots voted to be represented by the IBT and have been seeking their first contract ever since.
Boeing today presented what it called its best and final contract offer to its approximately 27,000 employees represented by the International Association of Machinists and Aerospace Workers in Washington, Oregon and Kansas. The offer includes an 11-percent pay increase, cost-of-living adjustments and pension increase of $80 per month per year of service.
Nit Subramaniam has joined BBA Aviation Engine Repair and Overhaul as director of technical process improvement. He retired from Garrett Aviation/AlliedSignal in 2005 after 26 years but continued to do consulting work for the company, developing engineering and quality procedures for manufacturing and maintainability processes on the TFE731, TPE331 and CFE738 engines and 36-series APUs.
The previously chilly relations between Flight Options management and pilots appear to have thawed considerably just three weeks after the Cleveland-based fractional provider named company founder Kenn Ricci chairman and Mike Silvestro CEO and ousted former CEO Michael Scheeringa.
Delta Air Lines on Friday notified Phoenix-based Mesa Air Group that it plans to cancel its contract to fly Bombardier CRJ900s as Delta Connection. The notice marks the second attempt by Delta to remove Mesa-flown jets from its system in recent months. A federal judge in late May issued an injunction barring Delta from ending Mesa’s contract to fly ERJ 145s.
Increasing size provides economies of scale for any business, but for fractional operators attaining “critical mass” in terms of fleet size and flight crews is essential to the model working at all. Profitability then depends on the details of pricing and cost control.
Textron, the parent company of both Bell Helicopter and Cessna Aircraft, reported overall revenues of $2.6 billion for the second quarter, down from $2.8 billion in the same period last year. The company noted that higher revenues at Bell, as well as at its Fastening Systems and Industrial and Finance segments, were offset by lower revenues at Cessna. Cessna revenues and profits decreased $282 million and $55 million respectively.