American Airlines sister company AMR Leasing signed a contract to sell and lease back the 39 ATR 72s flown by American Eagle unit Executive Airlines. Under the terms of the deal, AMR Leasing will sell all the airplanes to an undisclosed entity that will lease the aircraft to Ireland’s NK Aviation, a newly formed joint venture between Denmark’s Nordic Aviation Capital (NAC) and Kirk Kapital A/S.
The six largest network airlines in the U.S. reported a combined operating loss margin of 5.8 percent in the third quarter of 2008, marking the fourth consecutive quarterly loss margin since the group posted a profit in the third quarter of last year, the DOT’s Bureau of Transportation Statistics (BTS) reported yesterday in a release of preliminary data.
The new president of Bombardier’s fractional ownership and jet card programs has brought a unique perspective to the Canadian manufacturer’s Flexjet and Skyjet operations. Fred Reid, who took the helm on August 25, is the former CEO of Virgin America and has spent more than 25 years working within the commercial aviation sector.
The FAA’s approach to Airworthiness Directive (AD) compliance was a significant feature in the Department of Transportation’s Independent Review Team report on “Managing Risks in Civil Aviation.” The team was formed after the FAA suffered what the report called a “perfect storm” earlier this year during AD compliance issues with Southwest Airlines and American Airlines.
The House of Representatives on July 22 unanimously approved a bipartisan aviation bill that tightens the FAA’s airline maintenance oversight procedures and creates an Aviation Safety Whistleblower Investigation Office.
In a move that makes it look as though the FAA is combing through old logbooks to find ways to conduct enforcement actions on commercial operators, the agency on August 14 assessed $7.1 million in civil penalties against American Airlines. Earlier this year, the FAA requested a record $10.2 million for maintenance violations at Southwest Airlines, and the FAA recently said that it would not reduce that amount.
American Eagle had to ground nine Embraer ERJ regional jets at Chicago O’Hare Airport on August 19 after a TSA officer used the airplanes’ total air temperature (TAT) probes to hoist himself onto jet bridges to perform routine security checks. According to an American Eagle spokesperson, at around 5:30 a.m.
Republic Airways CEO Bryan Bedford’s characterization of the Chautauqua Airlines pilots’ vote in favor of US Airways’ “Jets for Jobs” arrangement as “a day late and a dollar short” prompted Teamsters Local 747 representatives to mail strike ballots to the 700-strong pilot group. The union planned to count the ballots on June 20.
American Eagle will cut its daily schedule by 37 flights at New York La Guardia Airport, 34 flights in Chicago and seven in Boston, close its stations in Albany, N.Y.; Harrisburg, Pa.; Providence, R.I.; San Luis Obispo, Calif.; and Samana, Dominican Republic; and ground 29 of its 37-seat Embraer ERJ 135s along with 25 Saab 340 turboprops as American Airlines proceeds with plans to slash capacity this fall by 12 percent systemwide.
There is no short-term fix for the high price of oil, concluded panelists at the Air Service Energy Summit, held on July 10 in Washington, D.C.