Memphis-based Pinnacle Airlines on Wednesday officially emerged from bankruptcy as a wholly owned regional subsidiary of Delta Air Lines.
Regional Airline Association president Roger Cohen knows better than to predict what direction the industry he has watched evolve over his seven-year tenure at the RAA might take next. So when asked to talk about further structural changes his group’s 30 or so airline members might see in the coming months and years, he offered a direct retort.
For reasons ranging from high fuel costs to regulatory complexity, European regional airlines still face “a very difficult time,” according to European Regions Airline Association (ERA) director general Simon McNamara. Meanwhile, persistently weak economic data continue to “depress people’s willingness to travel,” he said, leading to contraction of the European airline industry as a whole.
The Regional Airline Association (RAA) expressed alarm in late February over the potential for drastic cuts to regional airline service as a result of automatic spending cuts in the U.S. federal budget known as sequestration. The legislation, which took effect on March 1, calls for $600 million in cuts to the FAA budget through September, resulting in the elimination of midnight shifts at 30 secondary airports and the likely closure of 100 control towers at airports frequented by regional airlines.
The offices of startup Surf Air look more like those of a new software developer, with laptop-wielding engineers tapping away on keyboards, whiteboards sprawling with multi-colored to-do lists and, of course, surf boards hanging on a back wall. These are not decorations, according to co-founder Wade Eyerly; employees are welcome to grab a board and haul it to the nearby beach in Santa Monica, Calif., for some relaxing and perhaps inspiring wave-riding action.
I really thought we had heard the end of the FAA’s one-level-of-safety mantra after Colgan Air Flight 3407, masquerading as a Continental Airlines codeshare, crashed in a fiery ball in a residential area just outside Buffalo, N.Y., one snowy February night four years ago.
Embraer expects to see substantial sales activity over the next few months involving 70- and 76-seat E-Jets as U.S. major airlines respond to relaxed union limits on regional jets among their regional airline partners, according to the manufacturer’s CEO, Frederico Curado.
For reasons ranging from high fuel costs to regulatory complexity, European regional airlines still face “a very difficult time,” according to European Regions Airline Association (ERA) director general Simon McNamara. Meanwhile, persistently weak economic data continued to “depress people’s willingness to travel,” he said, leading to contraction of the European airline industry as a whole.
The pilots of Pinnacle Airlines ratified a bankruptcy restructuring contract on Tuesday, thereby avoiding what could have proved a messy court battle with management and potentially saving the Memphis-based regional from liquidation. Eight-five percent of the pilots who cast ballots voted in favor of the agreement.
Pinnacle Airlines and its wholly owned subsidiaries have entered into a series of agreements that would provide a path forward for the company to emerge from bankruptcy under the ownership of Delta Air Lines or an affiliate, the company announced Thursday.