Economy of the United States

May 6, 2008 - 5:42am

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.

May 6, 2008 - 5:40am

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.

May 6, 2008 - 5:33am

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.

May 5, 2008 - 6:49am

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.

May 5, 2008 - 5:54am

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.

May 1, 2008 - 12:07pm

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).

May 1, 2008 - 11:28am

An agreement was recently reached between the International Brotherhood of Teamsters and the NetJets Association of Shared Aircraft Pilots (NJASAP), the latter of which seeks to break away from IBT Local 1108 to form an independent NetJets pilot union.

April 24, 2008 - 5:20am

Frontier Airlines yesterday said it reached a “mutual agreement” with Republic Airways to end their code-share agreement and gradually remove all 12 of the Indianapolis-based regional airline’s Embraer E170s from the Frontier network by mid-June.

April 14, 2008 - 7:33am

A union organizing campaign is under way at fractional-aircraft provider Flight Options, according to Don Treichler of the International Brother of Teamsters (IBT) airline division, with an initial distribution of “representation” cards sent to pilots on along with an explanatory newsletter dated May 23. IBT followed up with a second newsletter dated June 12.

March 26, 2008 - 10:48am

David Cote, 49, has been named president and CEO of Honeywell, taking over

 
X