AMR has begun planning the divestiture of its American Eagle regional subsidiary amid calls for asset sales by shareholders disenchanted with the company’s recent stock market performance. Although AMR doesn’t attribute the decision directly to pressure from investors, the November 28 announcement immediately preceded a 6.9-percent jump in share price.
The corporate shuttle. It starts “here,” goes “there” and comes back again on a regular schedule. Not unlike a weaver’s “shuttle,” efficiently pulling the thread back and forth to create a work worthy of the weaver’s craft. And that, in essence, is what the corporate shuttle aircraft does.
St. Louis-based Trans States Airlines announced last month that it will retire its last six BAe Jetstream 41s by the fall and end its American Connection service to Columbia, Springfield and Joplin, Mo.; and Decatur and Springfield, Ill. American Connection partner RegionsAir has offered to negotiate with the affected communities to fly its 19-seat Jetstream 31s to St. Louis.
Bankrupt Mesaba Airlines has asked a bankruptcy court judge to void contracts with its three labor unions after employees refused to agree to a 19.4-percent cut in payroll costs. In response, the airline’s pilots, flight attendants and mechanics staged protests at Minneapolis-St.
The U.S. airline industry last month felt the opening tremors of what could become the biggest shakeup in the business since the introduction of the regional jet. On August 15, US Airways announced a plan to fly 50- to 69-seat RJs within its mainline system, using mainline flight crews as part of a far-reaching reorganization effort.
The U.S. Court of Appeals struck a blow to pilot groups across the country last month when it blocked a federal court’s ruling to force scheduled Part 121 carriers to comply with a new interpretation of the long-disputed pilot duty-time rule.
The first four years of the 2000s have been a trial for aviation. While the decade got off to a heady start in 2000 with the high times of the late-1990s boom still going strong, by the spring of 2001 the industry’s fortunes were taking a southerly course.
An AD should be issued requiring all operators of transport-category airplanes with certain pressure-vessel structural repairs to determine if they were done properly or whether there’s hidden damage that could lead to multiple-site fatigue cracking and possible structural failure, according to the NTSB.
Faced with widespread uncertainty about an industry threatened by growing regulatory burdens, the specter of increased security fees and scope-clause restrictions, the Regional Airline Association did its best to lend some perspective and a sense of harmony during its annual convention, held May 12 to 15 in Nashville, Tenn.
Memphis-based Northwest Airlines subsidiary Express Airlines I on May 8 officially changed its name to Pinnacle Airlines ahead of an initial public offering expected to raise $400 million.