Although deliveries of smaller regional jets have dropped dramatically in the past few years, Forecast International expects growing numbers of jets to be delivered from 2010 through 2019. In its recent study, “The Market for Regional Transport Aircraft,” Newtown, Conn.-based Forecast International projects production of 4,016 regional turboprops and jets valued at $123 billion during the coming decade.
Mitsubishi has tried not to let lackluster sales tarnish an efficiently run development campaign for the MRJ regional jet, the first metal for which workers cut during a ceremony in Nagoya, Japan, last week. As promised, the program passed its detailed design reviews by the end of the summer.
Delta Air Lines has directed regional subsidiary Comair to shed more than half of its Bombardier CRJs over the next two years, according to a September 1 memo to employees from Comair president John Bendoraitis. The Cincinnati-based regional airline plans to cut 49 fifty-seat CRJs from next year through 2012, leaving it with 16 fifty-seat CRJ200s, 15 seventy-seat CRJ700s and 13 seventy-six-seat CRJ900s.
Following the recent worldwide financial crisis and recession, regional airline services in Europe are set to change as operators move to introduce bigger equipment. Air Nostrum chief executive Carlos Bertomeu, for one, predicts that his carrier’s recent strategy to increase average capacity–and thereby reduce unit costs–will be copied elsewhere in the industry.
One of the primary responsibilities of the European Regions Airline Association (ERA) is to do “everything possible to ensure that things do not get worse [for members] before they become better.” So said ERA policy and regulatory-affairs deputy director-general Simon McNamara at the group’s April 2010 conference in Edinburgh after two years of “most challenging trading conditions” had left European regionals flying through metaphorical clouds
The consolidation of the regional airline industry continued unabated last month, as St. George, Utah-based SkyWest revealed plans to acquire Houston-based ExpressJet. The $133 million transaction will involve a direct purchase by SkyWest's Atlanta-based subsidiary, Atlantic Southeast Airlines (ASA), of all of ExpressJet's common shares for $6.75 each in cash.
Delta Air Lines has directed regional subsidiary Comair to shed more than half of its Bombardier CRJs over the next two years, according to an internal memo sent today to employees from Comair president John Bendoraitis. The Cincinnati-based regional airline plans to cut 49 fifty-seat CRJs from next year through 2012, leaving it with 16 fifty-seat CRJ200s, 15 seventy-seat CRJ700s, and 13 seventy-six-seat CRJ900s.
After investigating four accident flights operated under code-sharing arrangements in the past three years, the NTSB will hold a two-day symposium on October 26 to 27 on such agreements between regional airlines and major carriers.
Delta Air Lines announced last month that it has entered into definitive agreements to sell two of its wholly owned regional airline subsidiaries–Minneapolis-based Mesaba and Compass Airlines. Delta has sold Mesaba to Memphis, Tenn.-based Pinnacle Airlines for $62 million, and Compass to St. Louis-based Trans States Holdings for $20.5 million. Delta said it would use the proceeds from the transactions for general corporate purposes.
Qantas has placed a firm order with Bombardier for seven Q400 NextGen turboprop airliners in a deal valued at $218 million based on list prices for the airplanes. The order adds to the 21 Q400s operated by QantasLink. The first new aircraft are due for delivery in the first half of 2011. Bombardier has booked firm orders for 385 Q400 NextGen aircraft including the Qantas order. The Canadian manufacturer has delivered 300 to date.