Japan Airlines exited bankruptcy today, after the Tokyo District Court found that JAL had repaid more than two thirds of the monetary claims listed in a reorganization plan.
Chuck McKinnon is this year’s recipient of the NBAA John P. “Jack” Doswell award, granted for lifelong individual achievement in supporting business aviation. At age 95 and newly remarried to Jan Barden of Aviation Personnel International, McKinnon looks back to a long lifetime of involvement with aviation. “I’ve been interested in aviation since I knew there was such a thing,” he told AIN.
Trinidad and Tobago’s Caribbean Airlines signed a firm order in late September covering nine ATR 72-600s worth some $200 million at list prices. To come configured in a 68-seat layout starting in late 2011, the airplanes will replace five de Havilland Dash 8-300s and allow Caribbean Airlines to add frequencies between Trinidad and Tobago and surrounding destinations.
UAL Corp.'s United Airlines and Continental Airlines expect their proposed merger to close by October 1, now that companies have cleared the last major hurdle in their bid to create the world's largest airline. On Friday shareholders from both companies approved the transaction by a wide margin, as more than 98 percent of the votes cast by each group went in favor of the merger.
There’s an important lesson to be learned from the FAA’s proposed $24.2 million civil penalty against American Airlines for improper maintenance procedures. When the FAA says “correct it,” it means immediately. The airline has been tagged for the largest civil penalty ever proposed by the FAA for failing to correctly follow a 2006 Airworthiness Directive involving the maintenance of its McDonnell Douglas MD-80s.
The U.S. Department of Justice has approved the merger of United and Continental Airlines, the carriers announced on Friday. UAL and CAL expect to close the transaction by October 1, assuming their respective stockholders vote to clear the deal next month.
In what might prove the biggest cross-border airline merger ever between two Latin American airlines, Chile’s LAN and Brazil’s TAM plan to form the world’s 10th largest carrier (in terms of passenger numbers) under a non-binding memorandum of understanding signed August 13.
American Eagle’s first shipment of new airplanes in some five years began last month as the Dallas-based regional airline took delivery of two new CRJ700s from Bombardier. Scheduled to accept two airplanes each month for about the next year, Eagle as of last month already flew 25 of the Canadian jets, all of which offered a first-class section as of July 2.
Malaysia Airlines will equip its incoming fleet of Boeing 737s with the Thales TopFlight satellite communication system. The airline placed a firm order in 2008 for 35 Boeing 737-800s, with an option for an additional 20 in a deal worth $4.2 billion at list prices. Boeing is due to deliver the first of those airplanes in October.
American Eagle president and CEO Peter Bowler has given AMR notice of his retirement after a 26-year career with American Airlines and its regional subsidiary. AMR has asked former American Eagle chief Dan Garton to return to his old post to replace Bowler. AMR also reiterated that it might divest itself of its regional subsidiary. It first announced the possibility of a sale in 2007.