Mexicana Airbus A318-100 XA-UBY (msn 2552) (08) CUN (Rurik Enriquez), originally uploaded by Airliners Gallery.
Mexicana (Mexico City) will cut more flights this week as its financial crisis deepens.
Read the full story from Reuters:
Copyright Photo: Rurik Enriquez. Airbus A318-111 XA-UBY (msn 2552) is pictured at Cancun.
TAROM-Romanian Air Transport Airbus A318-111 D-AUAC (YR-ASA) (msn 2552) XFW (Gerd Beilfuss) (joins SkyTeam), originally uploaded by Airliners Gallery.
TAROM-Romanian Air Transport (Bucharest) officially joined the SkyTeam global airline alliance at a ceremony held in Bucharest today (June 25). TAROM becomes the 13th carrier to join SkyTeam, which marked its 10th anniversary on June 22, 2010.
Copyright Photo: Gerd Beilfuss. Airbus A318-11 D-AUAC (msn 2552) at Hamburg (Finkenwerder) became YR-ASA on delivery.
Frontier Airlines (2nd) Airbus A318-111 N802FR (msn 1991) BWI (Brian McDonough), originally uploaded by Airliners Gallery.
Frontier Airlines (2nd) (Denver) yesterday (June 11) launched new nonstop service between Louis Armstrong New Orleans International Airport (MSY) and Denver International Airport (DEN) with one daily roundtrip flight.
Frontier’s New Orleans-Denver service is flown by the Airbus A318 aircraft.
Copyright Photo: Brian McDonough. Frontier’s Airbus A318-111 N802FR (msn 1991) arrives at Baltimore/Washington.
Frontier Airlines (2nd) Airbus A318-111 N809FR (msn 3092) ATL (Norbert G. Raith), originally uploaded by Airliners Gallery.
Republic Airways Holdings Inc. (Indianapolis) reported operating revenues of $608.7 million for the quarter ended March 31, 2010, an 87.1% increase, compared to $325.3 million for the same period last year. The increase in revenues is due to the acquisition of our branded carriers during 2009. The Company also reported a net loss of $36.5 million, or $1.06 per diluted share, for the quarter ended March 31, 2010, compared to $2.2 million of net income, or $0.06 per diluted share, for the same period last year.
During the first quarter of 2010, the Company’s pre-tax loss of $58.5 million was negatively impacted by an $11.5 million, non-cash impairment to write off the Midwest Airlines trademark and reduce the carrying value of other assets. The Company also recorded a total of $13.1 million of expenses related to the integration of the branded business and the return of Bombardier Q400 and CRJ aircraft. Also, the severe winter storms in the first quarter of 2010 had an estimated $7.5 million negative impact on pre-tax results.
Excluding all non-recurring items and the impact of the storms, the Company’s pre-tax loss was $26.4 million.
Copyright Photo: Norbert G. Raith. A superb view of subsidiary Frontier Airlines’ Airbus A318-111 N809FR (msn 3092) arriving at Atlanta.
Copyright Photo: Airbus A318-111 F-GUGC (msn 2071) lands at Toulouse.
Air France (Paris) has now painted its first Airbus A318 in the revised 2009 colors.
Mexicana (Mexico City) last night at midnight (November 9) formally joined the Oneworld Alliance including subsidiaries Mexicana Click and Mexicana Link.
Press release:
finance.yahoo.com/news/oneworld-Alliance-Welcomes-prnews-3004827804.html?x=0&.v=1
Copyright Photo: Ken Petersen.
Please click on photo or link below for full view, information, prints for sale and other Mexicana photos:
Copyright Photo: Bruce Drum. Please click on photo for full view, information and other photos.
Frontier Airlines (2nd) and Lynx Aviation (Frontier Airlines Holdings) (Denver) both emerged from Chapter 11 bankruptcy protection yesterday (October 1) and both become subsidiaries of Republic Airways Holdings. Republic acquired Frontier Airlines Holdings which includes both airlines for $108.75 million. Some Frontier aircraft are now expected to fly for sister airline Midwest Airlines (Milwaukee) for the West Coast routes.
Press releases:
finance.yahoo.com/news/Frontier-Airlines-Emerges-bw-862517110.html?x=0&.v=1
finance.yahoo.com/news/Republic-Airways-Completes-bw-1240982997.html?x=0&.v=1
Please click on photo for full view, information and other photos.
Frontier Airlines’ (2nd) (Denver) creditors approved by a large margin the plan of reorganization. Frontier now becomes a wholly-owned subsidiary of Republic Airways Holdings and will exit Chapter 11 bankruptcy protection.
Press release:
finance.yahoo.com/news/Frontier-Airlines-Plan-of-bw-1744944520.html?x=0&.v=1
Please click on photo for full view, information and other Frontier photos.
Frontier Airlines (2nd) (Denver) has announced that it has selected the $108.75 million Republic Airways auction bid over the larger $170+ million Southwest Airlines bid. The differences were labor issues and Republic also agreed to waive the $150 million claim it has against Republic in the bankruptcy court. Republic has previously stated it would retain Frontier’s unique brand while Southwest planned to eventually merge the two airlines and replace the Airbus fleet with Boeing 737s.
Press release:
finance.yahoo.com/news/Frontier-Announces-Republic-bw-2193486258.html?x=0&.v=1
Meanwhile Southwest pledged to remain in the Denver market (and will probably now add more routes). Southwest also was unwilling to proceed without a labor agreement between its SWAPA pilots union and Frontier’s FAPA pilots union. The two unions were unable to reach a tentative agreement before the August 13 auction.
Press release:
finance.yahoo.com/news/Southwest-Airlines-Bid-to-prnews-3732211443.html?x=0&.v=1
Please click on photo for full view, information and other Frontier photos.
Republic Airways Holdings (Indianapolis) has agreed to be the equity sponsor of Frontier Airlines’ (2nd) (Denver) plan of reorganization. The plan, which is subject to bankruptcy court approval and various conditions, would allow Republic to purchase 100 percent of the equity in the reorganized company for $108.75 million. If approved and completed, the plan will result in Frontier’s successful exit from Chapter 11, at which point it would become a wholly owned subsidiary of Republic Airways, along with Chautauqua Airlines, Republic Airlines and Shuttle America. The acquisition also includes Frontier’s Lynx Aviation subsidiary.
This announcement raises several possible scenarios if this acquisition is approved by the bankruptcy court.
1. Lynx Aviation is likely to be merged into Colgan Air (2nd).
2. Republic Airlines’ (2nd) Embraer ERJ 170s are likely to return to the Denver hub (and possibly other regional aircraft operated by Chautauqua Airlines).
3. A possible merger between Frontier Airlines and Midwest Airlines (which Republic has an interest).
One thing is guaranteed, there will be changes in Denver.
