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.
With no full-blown recovery in air transport demand predicted before 2005, regional airlines will be looking for low-cost fleet development solutions for the next couple of years, according to BAE Systems Regional Aircraft senior v-p of asset management Paul Stirling.
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.”
Last month’s rush to speculation over the effects of United Airlines’ decision to file for Chapter 11 bankruptcy protection had just spread to include conjecture about its regional affiliates when Atlantic Coast Airlines released an illuminating statement on the status of its code-share relationship with the world’s second-largest carrier.
A new report released by Forecast International says that Embraer will collect 40.8 percent of the projected $99.7 billion in sales of regional aircraft over the next 10 years, despite the lack of a turboprop in its existing product line. The Newtown, Conn.-based aerospace market research firm also predicts that Bombardier will take a 33.2-percent share over the next decade, while ATR secures 7 percent.
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.
A steady rise in traffic and load factors might seem like good news for the airline delegates gathered at the European Regions Airline Association (ERA) general assembly in Vienna from September 29 to October 1. But as airlines turn to “fierce cost cutting” to attract passengers, reality muted any calls for celebration during the three-day event.
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.
A new report released by Forecast International says that Embraer will collect 40.8 percent of the projected $99.7 billion in sales of regional aircraft over the next 10 years, despite the lack of a turboprop in its existing product line. The Newtown, Conn.-based aerospace market research firm also predicts that Bombardier will take a 33.2-percent share over the next decade, while turboprop manufacturer ATR secures 7 percent.
Bombardier last month delivered the first production example of its newest regional jet, the CRJ900, to Phoenix-based Mesa Air Group. Scheduled to fly for the first time under the America West Express livery on April 27 between Phoenix and Los Angeles, the 80-seat jet gives Mesa the largest-capacity aircraft in the U.S. regional airline business.