SkyWest Airlines’ decision to lend United Airlines $80 million in no way signals any particular interest on the part of the St. George, Utah-based regional to help finance the operations of its code-share partners, a point SkyWest executive vice president and CFO Brad Rich clearly wanted to emphasize during the company’s third-quarter earnings conference call last month.
Continued eastward migration of low-cost carriers (LCCs) from North America and Europe to regions such as the Middle East and Asia arguably has established the credibility of this air transport business model.
The U.S. House of Representatives passed sweeping legislation last month that could profoundly affect how regional airlines do business. H.R. 3371, the Airline Safety and Pilot Training Improvement Act of 2009, passed the House by a vote of 409 to 11.
Mitsubishi Aircraft scored an enormous marketing coup last month when it signed its first customer outside Japan for the 78- to 92-seat MRJ. The letter of intent, signed by St. Louis-based Trans States Holdings, owner of Trans States Airlines and GoJet, calls for a firm order for 50 airplanes, along with options for another 50.
Mitsubishi Aircraft scored an enormous marketing coup today when it signed the first letter of intent from a non-Japanese airline for its new MRJ. The LOI, signed by St. Louis-based Trans States Holdings, owner of Trans States Airlines and GoJet, calls for a firm order for 50 of the 78- to 92-seat airplanes, along with options for another 50.
Switzerland’s regional scheduled airlines seem relatively well prepared to face a passenger slump expected to last through next year. After a frantic build-up period in the early years of the current decade, followed by a shakeout, the four majors appear entrenched in their respective markets.
Swiss regional airline Baboo is consolidating activities following a hectic 18 months in which the carrier appointed new management, adopted a new brand and introduced jet equipment while accommodating volatile fuel prices and the recession. As such, it provides an example of the flexibility a nimble-footed small airline can bring to the marketplace.
European Regions Airline Association director-general Mike Ambrose struck an extraordinarily positive tone during a recent interview with AIN as the recession-driven downturn in traffic appears to be easing slightly.
While second-quarter traffic posted by some of the largest publicly traded regional airlines in the U.S. followed the prevailing patterns set by their mainline partners, some carriers reacted to the exercise in “resizing” better than others.
Acting on calls for more stringent regulatory oversight of regional airlines after the February 12 crash of a Colgan Air Bombardier Q400 outside Buffalo, N.Y., the House of Representatives in late July introduced a bill called the Airline Safety and Pilot Training Improvement Act of 2009, which, among other things, would require all first officers to carry an air transport pilot certificate to serve in the right seat of any Part 121 airliner.