Owners of fractional shares in Piaggio Avanti twin turboprops operated by Avantair are trying to take possession of their aircraft in the wake of the August 16 court hearing that put the Clearwater, Fla.-based company into involuntary bankruptcy.
Airbus and Russian titanium group VSMPO-Avisma have extended their 20-year partnership with the signing of a new memorandum of understanding on the first day of the Maks airshow in Moscow. The August 27 agreement calls for an extended collaboration covering the development, processing and recycling of titanium for all Airbus airliners.
Philippine carrier Zest Air’s 11 Airbus aircraft returned to normal operations August 21, after the carrier’s flight schedule was suspended by the Civil Aviation Authority of the Philippines on August 16 for numerous safety violations. The reinstatement of the airline’s operating certificate came after an inspection by the country’s Flight Standards Inspectorate Service.
While the Air Line Pilots Association has taken an unequivocal stance against the U.S. Justice Department’s attempt to block the merger of bankrupt American Airlines parent AMR and US Airways, at least one segment of the union–namely the unit representing the pilots of American’s wholly owned regional subsidiary–sees things a bit differently.
The U.S. Justice Department pointed to what most in the airline industry would consider fairly innocuous comments by US Airways executives as evidence of how consolidation has harmed the flying public by resulting in higher airfares and reduced service.
It specifically cited US Airways president Scott Kirby’s remarks that consolidation has allowed for “three successful fare increases.”
To meet the needs of its growing fleet in Latin America, Pilatus Aircraft (Stand 5110) has named Aeroservicio in Santiago, Chile, as the company’s newest authorized service center for the PC-12 single engine turboprop. There currently are 36 PC-12s operating in South America, the vast majority of them in Brazil. With this latest addition, the Swiss manufacturer now has three authorized centers in South America (the others being Synerjet at Brazil’s Sorocaba Airport and Aviaser at San Fernando International Airport in Argentina).
The European Commission approved the proposed merger of US Airways Group and American Airlines parent company AMR Corporation on Tuesday, eliminating one hurdle to the companies’ plan to create the world’s largest airline.
China Eastern Airlines Executive Air (CEAEA) signed an agreement with Metrojet of Hong Kong under which the latter will provide exclusive maintenance and service support for the operation. The agreement covers training, inspection and heavy maintenance service support to CEAEA’s 13-aircraft fleet, which includes types made by Gulfstream, Embraer, Cessna, Hawker and Bombardier.
The agreement with CEAEA “is a testament to our growing stature in the Asian business aviation industry and highlights our strength in aircraft maintenance services,” said Metrojet CEO Björn Näf.
This week China’s Metrojet , a leading operator and maintenance provider in Asia, has announcedhas signed a partnership agreement with The Leather Institute of Red Bank, New Jersey. Under the agreement The Leather Institute will provide its aircraft interior care and leather component refinishing services at Metrojet’s facilities.
Boeing’s recent assertion that the appetite of capital markets to fund airliner orders has increased comes as especially welcome news to manufacturers and their customers at a time when other sources of funding seem under pressure. Export credit, in particular, now comes generally at higher interest rates and with tougher equity requirements. At the same time, such government-backed capital has become a hostage to global politics, according to Kostya Zolotusky, managing director for capital markets development and leasing at Boeing Capital.