A private equity investment and advisory firm has been founded by William Koch. Sutherland Companies, based in Dallas, will specialize in investments in aviation-related companies through its Sutherland Ventures group.
The development of a composite and metal bond component repair station is in progress in the Asia-Pacific region as a joint venture between Spirit AeroSystems and several major aviation companies.
Spirit will partner with Hong Kong Aircraft Engineering Company and its subsidiary, TAECO, along with Oklahoma-based First Wave MRO, to establish a regional service center near TAECO’s facility in Xiamen, China.
Some $10.1 million in direct government aid allowed Midway Airlines to reopen for business December 19, but its days as a regional/national hybrid operating Bombardier CRJs alongside its mainline jets appear to be over.
As Chautauqua Airlines took delivery of its first four 44-seat Embraer ERJ-140s on December 1, the Air Line Pilots Association prepared to intensify efforts to bar the Indianapolis-based airline–or any carrier other than American Eagle–from providing feed for American Airlines under the American Connection marketing identity.
American Eagle last month announced plans to launch regional jet service from Los Angeles International Airport (LAX) beginning next month, with service to Albuquerque, N.M., Phoenix and Oakland, Calif. A long-time turboprop operator at LAX, American Eagle plans to provide the service with new 44-seat Embraer ERJ-140s.
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.
The Regional Airline Association (RAA) board of directors elected Atlantic Coast Airlines president Tom Moore chairman of the association during its annual fall membership meeting last month in Washington, D.C. Moore replaces Andy Price, president of Plattsburgh-N.Y-based CommutAir.
American Airlines’ absorption of TWA took a major step forward when the Dallas-based American signed a pair of new code-share agreements with TWExpress partners Trans States and Chautauqua Airlines. As part of the multi-year agreements, Indianapolis-based Chautauqua and St.
American Airlines has responded to a contractual limit on ASM growth at its regional affiliates with a plan to strip the AA* code from certain St. Louis-based flights operated by American Connection partners Chautauqua, Trans States and Corporate Airlines. American claims the move will give it another six to nine months to decide the fate of its San Juan, Puerto Rico-based Executive Airlines subsidiary.
Even though regional airline traffic is up 13 percent from the second quarter of last year, and regional airliners account for 34 percent of the overall domestic fleet, the industry cannot continue to pay for security expenses.