Great Lakes Aviation appears to have escaped a brush with certain bankruptcy thanks to a recently signed agreement with Raytheon Aircraft that gives the Wichita-based manufacturer a 36-percent stake in the long-foundering airline.
Flight schools must innovate to survive, since airlines are no longer able to sponsor tuition and a pilot career has lost its appeal amid headlines announcing furloughs, according to Oxford Aviation Training (OAT). The company said a UK pilot shortage within five years is a foregone conclusion, while elsewhere in Europe pilot demand “is expected to outstrip [training] capacity significantly starting in 2004.”
“When you’re on ATA, you’re on vacation,” used to be the airline’s marketing slogan. But the 10th largest airline in the U.S., American Trans Air (ATA), has shed its vacation-only image to attract more business passengers by cutting Part 121 charter service, expanding its scheduled service and upgrading to the newest fleet in the industry.
He might have shared the name of a great singer-songwriter, but in business aviation circles there was ever only one James Taylor–James B. Taylor III, business jet marketer for 40 years, who died on January 17 at Bridgeport Hospital in Connecticut at the age of 81.
Richard Ramsden joined Minneapolis-based Wells Fargo Equipment Finance as a
v-p specializing in corporate aircraft loans and leases. Ramsden came to the company from Bombardier Capital, where he was manager of aircraft finance.
The number of passengers carried by members of the European Regions Airline Association (ERA) increased by 7.2 percent in the first three quarters of 2002, compared with the January through September period in 2001. The number of revenue passenger miles grew by 7.7 percent over the same period, according to figures released by ERA in early December.
The European Regions Airline Association (ERA) has complained that European Commission (EC) proposals to increase passenger compensation will threaten the survival of regional airlines. At a December 5 meeting in Brussels, European Union transport ministers backed EC plans for new denied-boarding and flight-cancellation compensation.
It doesn’t have any airplanes. In fact, it doesn’t even have a name yet. But Matt Andersson has nevertheless announced the intent of his company, Aviation Development Holdings, to launch “a clean-sheet, breakthrough regional airline jet service, independent and decoupled from the major airlines.”
The U.S. Department of State issued a travel warning last month for Venezuela because of the “deteriorating political and security situation, accompanied by severe shortages in fuel and food.” Opponents of President Chavez began a general strike that has resulted in deaths and injuries, according to the State Department.
Nav Canada’s declining revenue, which resulted from reduced traffic volume over the last year as a consequence of the slowing economy and 9/11, has forced the operator of Canada’s ATC system to enact a 3-percent, across-the-board increase in service charges for general aviation operators and the airlines. The increased fees are effective January 1 for the airlines and business-jet operators.