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.
The regional airline partners of United and Continental Airlines will no doubt face a period of some uncertainty as the major airlines prepare to merge their operations into the world’s largest international airline.
Bombardier Flexjet and Korean Airlines formed a marketing alliance that allows fractional owners from the former company who use the international airline for overseas travel to have access to premium services. Additionally, the newly created Flexjet Connect allows Korean Air passengers to secure private jet travel throughout the U.S. on Flexjet’s all-Bombardier aircraft fleet.
It appears United Airlines' public flirtation with US Airways might have generated the desired effect, as Continental Airlines has finally agreed to merge with UAL two years after Continental spurned United's last proposal to wed. The $3.2 billion merger would result in the biggest airline in the world and leave the U.S. with three major international carriers: the new United, Delta and American Airlines.
St. George, Utah-based SkyWest Airlines is considering investing in a start-up regional airline in Vietnam, the company's CFO, Brad Rich, said yesterday during the company's first-quarter earnings conference call.