Last summer the FAA demanded American Airlines pay $162.4 million for a number of maintenance violations at both American and its regional affiliate, American Eagle. On Thursday, the agency agreed to settle with American for $24.9 million to wipe the slate clean, based on the efforts the airline made to resolve the outstanding maintenance issues.
Airlines are benefitting from growing capital market support for new aircraft financing, with this source of funding expected to account for as much as 15 percent of all transactions this year, according to Boeing Capital. A few years ago, capital markets accounted for barely 2 to 3 percent of aircraft financing.
New England regional Cape Air has resigned itself to shedding all 70 of its Cessna 402s once it finally reaches terms on an agreement for a new fleet type, the company’s new president Linda Markham told AIN at the RAA Convention in Montreal on Wednesday.
Regional Airline Association chairman Dan Garton today expressed relief that a bipartisan effort in the U.S. Congress was able to reverse the furloughs of air traffic controllers triggered by federal budget cuts. But he complained that America’s regional carriers had faced a disproportionate burden from the effects of sequestration on the country’s air traffic management system.
Malaysia Airports Holdings Berhad (MAHB) has launched a campaign to convince new airlines to launch flights to six international airports in the country.
The 58th Flight Safety Foundation (FSF) safety seminar for business aviation was held in Montreal last month under a new name. What has long been known as CASS (corporate aviation safety seminar) is now called BASS (business aviation safety seminar), “to align us better with the business aviation community, which comprises 60 percent of the foundation’s membership,” according to FSF CEO Kevin Hiatt.
Never known for hiding his light under a bushel, former American Airlines chairman and CEO Bob Crandall kicked off a panel session of aviation manufacturing executives at the U.S. Chamber of Commerce’s annual aviation conference in late March by asking them, “Why are you guys always late and over budget?” on delivering products.
Despite two previous rejections by lawmakers of the $100-per-flight user fee proposed by President Obama, the White House once again has called for the unpopular levy to be included in the Fiscal Year 2014 budget, which was released on April 10.
Some of the very communities on which the regional airline industry built its legacy face “devastating cuts to air service” if the various stakeholders don’t act quickly, officials from the Regional Airline Association warn. The reasons vary, and each presents its own set of challenges.
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.