One of the primary responsibilities of the European Regions Airline Association (ERA) is to do “everything possible to ensure that things do not get worse [for members] before they become better.” So said ERA policy and regulatory-affairs deputy director-general Simon McNamara at the group’s April 2010 conference in Edinburgh after two years of “most challenging trading conditions” had left European regionals flying through metaphorical clouds
The consolidation of the regional airline industry continued unabated last month, as St. George, Utah-based SkyWest revealed plans to acquire Houston-based ExpressJet. The $133 million transaction will involve a direct purchase by SkyWest's Atlanta-based subsidiary, Atlantic Southeast Airlines (ASA), of all of ExpressJet's common shares for $6.75 each in cash.
Delta Air Lines has directed regional subsidiary Comair to shed more than half of its Bombardier CRJs over the next two years, according to an internal memo sent today to employees from Comair president John Bendoraitis. The Cincinnati-based regional airline plans to cut 49 fifty-seat CRJs from next year through 2012, leaving it with 16 fifty-seat CRJ200s, 15 seventy-seat CRJ700s, and 13 seventy-six-seat CRJ900s.
After investigating four accident flights operated under code-sharing arrangements in the past three years, the NTSB will hold a two-day symposium on October 26 to 27 on such agreements between regional airlines and major carriers.
Delta Air Lines announced last month that it has entered into definitive agreements to sell two of its wholly owned regional airline subsidiaries–Minneapolis-based Mesaba and Compass Airlines. Delta has sold Mesaba to Memphis, Tenn.-based Pinnacle Airlines for $62 million, and Compass to St. Louis-based Trans States Holdings for $20.5 million. Delta said it would use the proceeds from the transactions for general corporate purposes.
Qantas has placed a firm order with Bombardier for seven Q400 NextGen turboprop airliners in a deal valued at $218 million based on list prices for the airplanes. The order adds to the 21 Q400s operated by QantasLink. The first new aircraft are due for delivery in the first half of 2011. Bombardier has booked firm orders for 385 Q400 NextGen aircraft including the Qantas order. The Canadian manufacturer has delivered 300 to date.
Switzerland’s Ruag Aerospace plans to deliver its first new-build 19-seat Dornier Do-228 New Generation to an as yet unidentified Japanese commuter airline at the end of September, Ruag Aerospace Services sales director Hubert Seher told AIN at the Regional Airline Association Convention in Milwaukee in late May.
Delta Air Lines announced today that it has entered into definitive agreements to sell two of its wholly owned regional airline subsidiaries-Minneapolis-based Mesaba and Compass Airlines. Delta said it has sold Mesaba to Memphis, Tenn.-based Pinnacle Airlines for $62.0 million, and Compass to St. Louis-based Trans States Holdings for $20.5 million. Delta said it would use the proceeds from these transactions for general corporate purposes.
Some 30 U.S. airports risk losing their last regional airline flights unless they take “critical steps” to better balance revenue, cost and compensation rates, according to a report published earlier this year by San Diego-based aviation consultancy Innovation Analysis Group (IAG).
One might forgive Regional Airline Association (RAA) president Roger Cohen for expressing what he called a certain “righteous indignation” on Tuesday after a day of meetings, forums and glad-handing during the association's annual convention, which began Monday and ends today.