Business aircraft owners who want to move up have the option to engage in a “like-kind exchange” that could save thousands of dollars in capital gains taxes, according to Tonya Fritts, vice president and relationship manager for North Carolina-based Wachovia Exchange Services (Booth No. 3769).
Economy of the United States
ExxonMobil Aviation has unveiled its new PremierCare certification system, an instruction and qualification program for line service personnel at Avitat and other Exxon-branded FBOs.
Delta Air Lines has notified Pinnacle Airlines that it intends to dissolve their Delta Connection contract, effective July 31. Delta cited Memphis-based Pinnacle’s failure to meet contractually guaranteed on-time performance rates for its decision. A federal judge recently blocked Delta’s attempts to end its contract with Mesa Air Group’s Freedom Airlines subsidiary for the same stated reason.
Accusing the Flight Options management team of being “out of touch with its pilots’ legitimate career aspirations,” the International Brotherhood of Teamsters Local 1108, which represents the pilots at the fractional, last month filed for mediation with the National Mediation Board.
Northwest Airlink subsidiary Express Airlines I will move to an all-regional-jet fleet and Minneapolis-based Mesaba Airlines will provide all Northwest Airlines’ Saab 340 service in Memphis, Tenn., under a new agreement that saw Mesaba reduce its service fees to Northwest by 10 percent during last year’s fourth quarter.
All four of Delta Air Lines’ regional affiliates benefited from the company’s continuing network realignment last month, as Delta concentrates ever more intently on “rationalizing” capacity and cutting costs with regional jets.
Mesa Air Group’s recently signed code-share agreement with Frontier Airlines calls for the Phoenix-based regional airline to begin flights from Denver International Airport to San Jose, Calif., and Houston as Frontier JetExpress, starting February 17. The 8:45 a.m.
After being purchased last year by American Airlines, TWA and its callsign ceased to exist, but not airplanes with its livery. Although all previous TWA flights are using American as their callsign, the airplanes still have TWA markings. The former TWA airplanes will be repainted in American colors, but the changeover is expected to take several years.
Delta Air Lines’ “realignment” of its regional subsidiaries reached the top levels of management last month, when Delta senior v-p of strategy and business development Fred Buttrell became president and CEO of Delta Connection. Buttrell replaced long-time Comair CEO David Siebenburgen, considered by many the father of the regional jet movement in the U.S.
Last month the International Brotherhood of Teamsters (IBT) filed with the National Mediation Board (NMB) for an election to allow the pilots at fractional aircraft operator Raytheon Travel Air to vote for union representation. If it is verified that 35 percent or more of RTA pilots have requested an election, it will be so ordered. The only fractional pilots now unionized are those flying for NetJets, who belong to IBT Local 284.