The consolidation of the airline industry extended to the low-fare segment in dramatic fashion this morning, as Southwest Airlines announced that it has agreed to acquire all the outstanding common stock of AirTran Holdings for a combination of cash and Southwest Airlines common stock.
Pittsburgh International Airport
The NTSB has launched an investigation into a near midair between an Airbus A320 airliner and a Beech 99 cargo airplane near Minneapolis-St. Paul Airport. According to the Safety Board, the two airplanes came within 50 to 100 feet of colliding during the September 16 incident.
Executive Flight Services, a subsidiary of Kansas City, Mo.-based Executive AirShare, established a maintenance base at Midwest National Air Center in Kearney, Mo. The company will continue to operate maintenance facilities at Wichita Mid-Continent Airport and at Fort Worth Meacham International Airport.
Executive Flight Services, a subsidiary of Kansas City, Mo.-based Executive AirShare, has established a maintenance base at Midwest National Air Center (GPH), formerly known as Clay County Regional Airport, in Kearney, Mo. Keith Plumb, president and COO, said the move was designed to take advantage of low fuel prices and operating costs in the area.
As part of its good-neighbor program, Westchester County Airport (HPN) in White Plains, N.Y., presented its annual Spirit of Noise Abatement awards at an environmental event organized by the Westchester Aviation Association at the end of May. Since 1994 the program has honored those business aircraft operators who have abided by the airport’s noise-reduction policies during the previous year.
NetJets has shelved plans for a $200 million operations and training campus in Columbus, Ohio, and is instead going forward with a more modest $21 million expansion to its existing complex at Port Columbus Regional Airport. It will build a new 140,000-sq-ft facility that will be connected to NetJets’ existing Bridgeway Avenue facility to help implement plans to consolidate its headquarters and operations in Columbus.
The Transportation Security Administration (TSA) wants to improve on the anemic number of general aviation flights into Ronald Reagan Washington National Airport (DCA) under post-9/11 security requirements.
Berkshire Hathaway’s most recent quarterly financial report notes that revenues at its NetJets subsidiary grew by 18 percent compared with the first quarter of 2009, generating positive pre-tax earnings of $57 million in the first quarter versus a pre-tax loss of $96 million in the same period last year.
Atlanta-based Atlantic Southeast Airlines (ASA) last month launched a new code-share partnership with United Airlines covering flights into and out of Chicago O’Hare and Washington Dulles International Airports. ASA began the service with a February 11 flight between O’Hare and Columbus, Ohio. It now flies eight weekday flights from O’Hare and 15 weekday flights from Dulles using eight newly refurbished 50-seat Bombardier CRJ200s.