Tag Archives: Boeing 757-200

Delta to resume New York (JFK) – Keflavik, Iceland flights this summer

Delta Air Lines (Atlanta) will once again be offering nonstop daily flights between Keflavik International Airport (near Reykjavik) and New York John F. Kennedy International Airport for the 2015 summer season.

Starting May 2, the U.S. airline has scheduled a Boeing 757-200 aircraft on the route, which is operated in conjunction with Deltaโ€™s joint venture partners Air France and KLM.

Copyright Photo: Jay Selman/AirlinersGallery.com. Boeing 757-232 N651DL (msn 24391) arrives in New York (JFK).

Delta Air Lines aircraft slide show (current livery only):

http://airlinersgallery.smugmug.com/Airlines-UnitedStates-1/Airlines-UnitedStates-1/Delta-air-lines

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American Airlines Group reports a record 4Q GAAP net profit of $597 million and a 2014 GAAP net profit of $2.9 billion

American Airlines Group Inc. (American Airlines and US Airways) (Dallas/Fort Worth) reported its fourth quarter and full year 2014 results.

For the fourth quarter 2014, American Airlines Group reported a record GAAP net profit of $597 million. This compares to a GAAP net loss of $2.0 billion in the fourth quarter 2013, which includes the results for US Airways only for the period from the completion of the merger on December 9, 2013, through December 31, 2013.

For full year 2014, GAAP net profit was $2.9 billion, compared to a full year 2013 GAAP net loss of $1.8 billion for AMR Corporation, which includes the results for US Airways only for the period from the completion of the merger on December 9, 2013, through December 31, of 2013.

The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding special charges and on a combined basis, which is a non-GAAP formulation that combines the results for AMR Corporation and US Airways Group. On this basis, the Company’s fourth quarter 2014 net profit excluding net special charges was a record $1.1 billion, or $1.52 per diluted share. This represents a 153 percent improvement over the combined non-GAAP net profit of $436 million excluding net special charges for the same period in 2013. The Company’s fourth quarter 2014 pretax margin excluding net special charges was a record 10.6 percent.

Excluding net special charges, the Company’s 2014 net profit was a record $4.2 billion, or $5.70 per diluted share. This represents a 115 percent improvement over the Company’s combined 2013 non-GAAP net profit excluding net special charges of $1.9 billion.

“Our record 2014 results close out a fantastic first year for our merger. These results would not have been possible without the efforts of our more than 100,000 team members,” said Doug Parker, American Airlines Group Chairman and CEO. “They have done a great job of working together to take care of our customers and restore American as the greatest airline in the world.

“We have much to do in the year ahead as we continue to integrate two large carriers. The results we have achieved thus far, combined with our economic outlook, give us confidence that 2015 will be another outstanding year for American Airlines.”

Revenue and Cost Comparisons

Total revenue in the fourth quarter was a record $10.2 billion, an increase of 2.1 percent versus the fourth quarter 2013 on a combined basis and excluding special items, on a 1.7 percent increase in total available seat miles (ASMs). Consolidated passenger revenue per ASM (PRASM) was 13.50 cents, down 1.0 percent versus the fourth quarter 2013 on a combined basis. Consolidated passenger yield was a record 16.84 cents, up 0.9 percent year-over-year.

Strong demand throughout the year led to 2014 total revenue of $42.7 billion, up 5.6 percent versus 2013 on a combined basis and excluding special items. Full year consolidated PRASM was 13.97 cents, up 2.2 percent versus 2013 on a combined basis.

Total operating expenses in the fourth quarter were $9.3 billion, a decrease of 4.1 percent compared to combined fourth quarter 2013 due primarily to a 17.3 percent decrease in consolidated fuel expense. Fourth quarter mainline cost per available seat mile (CASM) was 13.32 cents, down 6.1 percent on a 1.5 percent increase in mainline ASMs versus combined fourth quarter 2013. Excluding special charges and fuel, mainline CASM was 8.67 cents, up 1.1 percent compared to the combined fourth quarter 2013. Regional CASM excluding special charges and fuel was 15.87 cents, up 0.9 percent on a 3.8 percent increase in regional ASMs versus combined fourth quarter 2013.

For the full year 2014, total operating expenses were $38.4 billion, up 1.5 percent versus combined 2013. Excluding special charges and fuel, mainline CASM increased 2.0 percent to 8.63 cents versus combined 2013. Regional CASM excluding special items and fuel increased 3.6 percent to 15.94 cents versus combined 2013.

Liquidity

At December 31, 2014, American had approximately $8.1 billion in total cash and short-term investments, of which $774 million was restricted. The Company also had an undrawn revolving credit facility of $1.8 billion.

Also in the fourth quarter, the Company returned $959 million to its shareholders through the payment of $72 million in quarterly dividends and the repurchase of $887 million of common stock, or 20.5 million shares. When combined with the $113 million of shares repurchased in the third quarter 2014, the Company repurchased a total of 23.4 million shares at an average price of $42.72 per share in 2014.The Company’s $1 billion share repurchase program announced in July 2014 is now complete โ€“ more than one year ahead of its scheduled expiration. The Company also purchased approximately 52,000 shares from its Disputed Claims Reserve at the prevailing market price to satisfy certain tax obligations resulting from the November 4, 2014, distribution.

As of December 31, 2014, approximately $656 million of the Company’s unrestricted cash and short-term investment balance was held in Venezuelan bolivars. This balance includes approximately $621 million valued at 6.3 bolivars and approximately $35 million valued at 12.0 bolivars, with the rate depending on the date the Company submitted its repatriation request to the Venezuelan government. These rates are materially more favorable than the exchange rates currently prevailing for other transactions conducted outside of the Venezuelan government’s currency exchange system. The Company’s cash balance held in Venezuelan bolivars decreased $65 million from the September 30, 2014 balance of $721 million. In the fourth quarter of 2014, the Company incurred an $11 million foreign currency loss related to the receipt of $23 million at a rate of 6.3 bolivars to the dollar for one of its 2012 repatriation requests originally valued at a rate of 4.3 bolivars to the dollar. Accordingly, the Company revalued its remaining pending 2012 repatriation requests from 4.3 to 6.3 bolivars to the dollar resulting in additional foreign currency losses of $19 million. In total, the Company recognized a $30 million special charge for these foreign currency losses in the fourth quarter of 2014.

The Company has significantly reduced capacity in this market. The Company is continuing to work with Venezuelan authorities regarding the timing and exchange rate applicable to the repatriation of funds held in local currency. The Company is monitoring this situation closely and continues to evaluate its holdings of Venezuelan bolivars for additional foreign currency losses, which could be material.

The Company also announced that its Board of Directors declared a dividend of $0.10 per share for shareholders of record as of February 9, 2015. The dividend will be paid on February 23, 2015. In addition, the Company announced that its Board also authorized an additional $2 billion share repurchase program to be completed by the end of 2016.

Shares repurchased under the program announced above may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions. Any such repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements and other relevant factors. The program does not obligate the Company to repurchase any specific number of shares or continue a dividend for any fixed period, and may be suspended at any time at management’s discretion.

In the fourth quarter, the Company recognized $507 million in net special charges, including:

$280 million in merger integration related expenses
$116 million in net charges for bankruptcy related items, principally consisting of fair value adjustments for bankruptcy settlement obligations
$70 million in charges related primarily to certain asset impairments
$31 million in non-operating special items primarily relating to a $30 million special charge for foreign currency losses relating to the Company’s cash balance held in Venezuelan bolivars
$16 million in net regional operating special items including a $24 million charge relating to a new pilot contract, partially offset by an $8 million gain on the sale of certain spare parts
$6 million in non-cash deferred income tax benefits relating to certain indefinite lived intangible assets

Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 757-223 WL N185AN (msn 32379) approaches the runway at Miami International Airport (MIA).

American Airlines aircraft slide show (current livery):

http://airlinersgallery.smugmug.com/Airlines-UnitedStates-1/Airlines-UnitedStates-1/American-Airlines

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The pilots of Allegiant Air authorize a strike

Allegiant Air (Las Vegas) is facing a possible strike by its pilots. Theย Airline Professionals Association (APA) Teamsters Local 1224 issued this statement yesterday:

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Pilots at Allegiant Air, represented by the Airline Professionals Association (APA) Teamsters Local 1224, voted overwhelmingly, 465-8, on January 16 to authorize a strike against Allegiant Air. The 10-day voting period closed at 12:00 p.m. EST January 16, with 98 percent of voting Allegiant Air pilots voting “Yes” to authorize the union to call a strike if necessary.

“This does not mean that a strike is going to happen tomorrow or even next week,” said APA Teamsters Local 1224 President Daniel Wells. “It does, however, mean that the situation is fluid. If Allegiant continues to stonewall in negotiations and continues to disregard the federal court’s injunction ordering it to restore the pilots’ work rules, then a pilot strike at Allegiant Air will be very realistic.”

In early January, the union’s leadership decided to put a formal strike authorization vote out to the membership, based on a deadlock in negotiations and Allegiant Air’s continued failure to abide by a July 2014 federal court injunction directing Allegiant Air to restore the pilots’ work rule protections and benefits to previously negotiated levels.

“Virtually every pilot voted to authorize a strike,” Wells said. “That speaks volumes.”

With this kind of support, the union intends to move forward by seeking a proffer from the National Mediation Board (NMB) under the Railway Labor Act’s dispute provisions. Once this has been completed, or to the extent that Allegiant remains unwilling to restore the pilots’ work rule protections and benefits, the pilots would be free to conduct a legal strike in the near future.

The pilots have been in negotiations with Allegiant Air for two years with little to no progress. Their first negotiation session began in December of 2012 โ€“ with mediated negotiations beginning in April 2014 โ€“ and still the company cannot reach agreement with the union on even the most basic conditions in their negotiations for a new collective bargaining agreement.

“No one wants to strike,” Wells said. “We would rather be able to make some real progress in direct negotiations. However, the pilots haven’t seen any real progress in over two years.”

In just two years, three employee groups, encompassing all of Allegiant Air’s operational personnel, have joined national labor unions, indicating that the issues at hand in this battle extend far beyond basic management-employee relations. In addition to basic compensation and work rules, the issues center on safety concerns and operational deficiencies that cannot be resolved without the company’s willingness to begin reinvesting directly into the company’s operation. The pilots contend that vital changes are needed for Allegiant’s long-term success, before it’s too late.

Teamster pilots with Allegiant Air conducted informational picketing on Tuesday at McCarran International Airport and Allegiant Air Corporate Headquarters in Las Vegas, as well as at St Petersburg-Clearwater International Airport and Fort Lauderdale International Airport in Florida, to make the public aware of their fight for infrastructural investments into Allegiant Air’s operational systems, basic industry averages in salary and for other job protection measures that are standard in the airline industry.

Las Vegas-based Allegiant Air is one of the most profitable airlines in the world, reporting a profit for 47 consecutive quarters. Its executives are among the highest compensated in the industry, yet its pilots are among the lowest paid and are subject to substandard working conditions in comparison to the rest of the industry.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Boeing 757-204 N905NV (msn 27235) arrives back at the Las Vegas base from Honolulu.

Allegiant Air aircraft slide show:

http://airlinersgallery.smugmug.com/Airlines-UnitedStates-1/Airlines-UnitedStates-1/Allegiant-Air

Allegiant Air’s pilots to conduct informational picketing today, announces Indianapolis-Fort Lauderdale/Hollywood service

Allegiant Air‘s (Las Vegas) pilots will conduct informational picketing today (January 13) to bring “awareness to their efforts to secure a new contract.”

McCarran International Airport

5757 Wayne Newton Boulevard
Las Vegas, NV 89119

Time: 9:30 – 11:30 a.m. Pacific Standard Time

Allegiant Air Corporate Headquarters

1201 N. Town Center Drive
Las Vegas, NV 89144

Time: 1:30 – 3:30 p.m. Pacific Standard Time

St Petersburg-Clearwater International Airport

14700 Terminal Boulevard
Clearwater, FL 33762

Time: 7:30 – 9:30 a.m. and 1:00 – 3:00 p.m. Eastern Standard Time

Fort Lauderdale-Hollywood International Airport

100 Terminal Dr.
Fort Lauderdale, FL 33315

Time: 8:00 – 10:00 a.m.

In other news, Allegiant announced the addition of low-cost, twice weekly nonstop jet service to Fort Lauderdale/Hollywood from Indianapolis beginning on April 8, 2015, continuing Allegiantโ€™s rapid expansion in Indianapolis.

Allegiantโ€™s launch of service from Indianapolis next month will be the largest in the companyโ€™s history, when it will inaugurate nonstop service to five destinations: Las Vegas, Sanford, St. Petersburg/Clearwater, Punta Gorda and seasonal service to New Orleans. Fort Lauderdale/Hollywood is the carrierโ€™s fourth Florida destination announced from Indianapolis

Copyright Photo: Gunter Mayer/AirlinersGallery.com. Boeing 757-204 N906NV (msn 27236) holds short of the runway at Las Vegas McCarran International Airport (LAS).

Allegiant Air aircraft slide show:

http://airlinersgallery.smugmug.com/Airlines-UnitedStates-1/Airlines-UnitedStates-1/Allegiant-Air

Allegiant takes a $43.2 million write-down on the value of its Boeing 757-200 aircraft fleet, likely to be replaced sooner

Allegiant Travel Company (Allegiant Air) (Las Vegas) reported that it is taking a $43.2 million write-down on the value of its Boeing 757-200 aircraft fleet. The write down on the balance sheet came after a review of the value of the six Boeing 757-200s. For now, the company will continue to operate the type, mainly to Hawaii, in the near term. However the type is not expected to be operated through the full life of each aircraft. Allegiant is now likely to find a replacement aircraft (Airbus A321?) for the 757s earlier than what was previously planned.ย The charge will occur in the fourth quarter of 2014.

The company issued this statement:

“This non-cash impairment charge resulted from a recent review of the value of the Company’s Boeing 757 assets,” stated Maurice J. Gallagher Jr., Chairman and CEO of Allegiant Travel Company. “We evaluate factors such as our ability or intent to operate fleet types through their estimated useful lives, potential changes to fleet residual values based on changes in market conditions for used aircraft, spare engines and parts and potential changes to our scheduled revenue network based on competition trends and operational performance. Based on our review the Company concluded that the estimated future cash flows for its six 757-200 series aircraft, spare engine and parts pool did not support the net book values on our balance sheet. This decision reflects the Company’s view that our 757 fleet will be held for a period less than their current expected useful lives, which is currently seven years or through 2021. In addition, residual values for 757 aircraft will be reduced from $6 million to $3 million based what we believe is a permanent decline in the used 757 market. The Company will continue to operate 757 aircraft on longer-haul routes, including Hawaii, in the near term.”

With this write down, the Company expects fourth quarter CASM ex fuel to increase between 40 and 41 percent versus last year. Prior to the charge, the fourth quarter was trending towards the lower end of the range provided on October 22, 2014.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Formerly operated by Britannia Airways/Thomsonfly/Thomson Airways, Boeing 757-204 N903NV (msn 26966, ex G-BYAH) arrives from Hawaii in Las Vegas. The jetliner was originally delivered on February 5, 1993.

Allegiant aircraft slide show:

http://airlinersgallery.smugmug.com/Airlines-UnitedStates-1/Airlines-UnitedStates-1/Allegiant-Air

Delta announces the return of seasonal service to Dublin, Malaga and Stockholm

Delta Air Lines (Atlanta) will offer nonstop daily flights between between Dublin Airport and Hartsfield-Jackson Atlanta International Airport for the 2015 summer season.

Flights will begin five times a week from March 29, 2015, increasing to a daily service from June 1, 2015. The U.S. airline has scheduled a Boeing 767-300 aircraft with 225 seats on the route, which is operated in conjunction with Deltaโ€™s joint venture partners Air France and KLM.

Next summer, the airline is also offering daily flights from Shannon to New York-JFK, bringing the total number of seats between Ireland and the U.S. to 8,700 per week.

Delta Air Lines also announced it will once again be offering nonstop daily flights between between Malagaโ€™s Costa del Sol Airport and New York John F. Kennedy International Airport for the 2015 summer season.

Flights will begin five times a week from June 4, 2015, increasing to daily from June 29, 2015. The U.S. airline has scheduled a Boeing 757-200 aircraft with 164 seats on the route, which is operated in conjunction with Deltaโ€™s joint venture partners Air France and KLM.

In addition to these flights, the airline also offers year-round service from Madrid to Atlanta and New York-JFK, plus summer services between Barcelona and Atlanta.

Finallyย Delta will once again be offering nonstop flights between between Stockholmโ€™s Arlanda Airport and New York John F. Kennedy International Airport for the 2015 summer season.

Flights will begin four times a week from June 5, 2015, increasing to five times a week from June 15, 2015. The U.S. airline has scheduled a Boeing 757-200 aircraft with 164 seats on the route, which is operated in conjunction with Deltaโ€™s joint venture partners Air France and KLM.

Copyright Photo: Stefan Sjogren/AirlinersGallery.com. Formerly with Northwest Airlines, Boeing 757-251 N538US (msn 26485) prepares to land at Stockholm (Arlanda).

Delta aircraft slide show (current livery):ย AG Slide Show

The arbitration board issues its final decision for a joint American-US Airways flight attendant contract

American Airlines (Dallas/Fort Worth) and US Airways (Phoenix) flight attendants will now have a joint collective bargaining agreement and contract. The dispute went to arbitration and the arbitration board issued its decision.

The Association of Professional Flight Attendants (APFA) issued this statement about the decision:

On December 13, the seven member Arbitration Panel, established in accordance with the Negotiations Protocol Agreement, issued its decision on the terms of the Joint Collective Bargaining Agreement. The JCBA will consist of the pay, work rules, and benefits outlined in the APFA arbitration proposal. Unfortunately, the award does not include the “me too” clauses for health plans and profit sharing for which APFA argued. The award also does not provide retroactive pay raises for Flight Attendants. APFA had argued for the wage increases to take effect December 2, 2014. Instead, the increases will take effect on January 1, 2015. The effective date of the JCBA is December 13, 2014.

First, APFA proposed that the value of $112 million is the amount that the arbitrators must add to our combined contracts to equal market based in the aggregate, which is the standard provided for in the NPA. AA stipulated to this value.

Second, APFA argued for a “me tooโ€ for health insurance, meaning that if the company were to offer another work group health insurance that differs from the health insurance in our JCBA, APFA would have the option of replacing our current insurance with such other health insurance beginning the following year. The company argued against a “me too” for health insurance.

Third, APFA argued for a “me too” for profit sharing, meaning that if another workgroup on AAโ€™s property were given a profit sharing plan, APFA would have the option of reducing the wage rates by $50 million per year (the value allotted for profit sharing in our proposal) and adopting such profit sharing plan. The company argued against a “me too” for Profit Sharing.

Finally, APFA asked for pay rates retroactive to December 2, 2014. The company argued against retroactive pay rates.

A majority of the Panel denied APFA’s request that the JCBA contain “me-toos” regarding the medical plan and profit sharing. In both cases the Panel found that the inclusion of these provisions would push the added value of the JCBA beyond the market-based aggregate of $112 million.

A majority of the Panel also rejected APFA’s argument that the new wage rates of the JCBA be retroactive to December 2, 2014. It held that starting the pay increases prior to the effective date of the JCBA would result in its value exceeding the $112 million cap.

The two union-appointed members of the Arbitration Panel dissented from the Panel’s decision denying the “me-toos” and the retroactivity of the new wage rates.

The effective date of the JCBA is December 13, 2014, the day the decision was issued. A link to the updated contract language including the implementation letter will be uploaded to apfa.org in the next several days. The new pay rates will go into effect on January 1, 2015.

In other news, American Airlines issued this statement today about a mileage promotion:

American Airlines will reward its customers with a bonus mile promotion in 2015, making the AAdvantage program the most generous in the industry. The promotion will offer AAdvantageยฎ and Dividend Milesยฎ members more miles based on the distance flown, the fare purchased and the member’s elite status level.

President, AAdvantage Loyalty Program Suzanne Rubin said: “As the largest airline in the world, with a global network that spans 54 countries, our frequent flyer program must also be the best in the business. A mile flown continues to be a mile earned in AAdvantage, and now we’re going to reward customers even more when they purchase a First or Business Class ticket.”

Beginning January 1, 2015 American will reward customers that are members of either the AAdvantage or Dividend Miles programs with bonus miles for purchased First or Business Class tickets on all eligible flights marketed or operated by American or US Airways. The promotion applies to all travel between Jan. 1 and Dec. 31, 2015.

Eligible flights for AAdvantage members include all AA and US-marketed and operated flights (including codeshare flights between the two carriers), and AA or US-marketed, partner-operated flights, including British Airways, Iberia, Finnair, Japan Airlines and Qantas. Until the company merges the frequent flyer programs in the second quarter 2015, eligible flights for Dividend Miles members will include all AA and US-marketed and operated flights (including codeshare flights between the two carriers).

The airline’s promotion provides bonus miles in addition to base mileage and elite status/class of service bonuses that customers normally earn. The amount of bonus miles earned will depend on the customer’s elite status level and the length of the flight.

American graph 12.15.14

Registration for the promotion is not necessary, as all bonus miles will be automatically added to members’ accounts after the eligible flight is complete. Additional details about the 2015 AAdvantage bonus mile offer are available at aa.com/moremiles.

As previously announced, also beginning January 1, bonus miles for AAdvantage members on Business Class tickets on American and US Airways will increase from 25 to 50 percent to align with what Dividend Miles members receive today.

Over the past year, American has rolled out enhanced benefits to members flying on either airline, including:

The opportunity to earn and redeem miles on American or US Airways, with all eligible travel on either airline counting toward elite status qualification in the program of that member’s choice

Reciprocal benefits for elite status members when flying either airline, including First and Business Class check-in, complimentary checked bags and priority security and boarding

More lounge access, with reciprocal club access for Admirals Clubยฎ and US Airways Club members

Easy access to the combined company’s expanded network through the codeshare between American and US Airways, which allows the ability to sell seats on both airlines’ flights

Bringing US Airways into the award-winning oneworldยฎ alliance, offering more options across the Atlantic and an easier and more rewarding global travel experience to Europe and beyond

The ability to easily stay connected while customers fly with Monthly Traveler and Daily Wi-Fi passes, valid on both American and US Airways

Copyright Photo: Ton Jochems/AirlinersGallery.com. US Airways’ Boeing 757-23N N204UW (msn 30886), now in American colors, exits the runway at Amsterdam.

American Airlines aircraft slide show:ย AG Slide Show

American Airlines-US Airways aircraft slide show:

http://airlinersgallery.smugmug.com/Airlines-UnitedStates-1/Airlines-UnitedStates-1/American-Airlines-US-Airways

Icelandair finds tentative labor peace with its pilots, rolls out a new Northern Lights logo jet

Icelandair Group (Icelandair) (Keflavik) and the Icelandic Airline Pilots Association (FIA) have signed a tentative collective bargaining agreement that is valid until September 30, 2017. The agreement will now be presented to FIA members that will vote on the agreement.

Bjรถrgรณlfur Jรณhannsson, President and CEO of Icelandair Group: โ€œIf ratified, this new three year agreement with FIA is an important milestone that will enable us to aim for continued organic growth.โ€

Copyright Photo: Matt Varley/AirlinersGallery.com. Icelandair has just painted its Boeing 757-256 TF-FIU (msn 26243) in this striking Northern lights/Aurora Borealis color scheme at Norwich.

Icelandair aircraft slide show:

http://airlinersgallery.smugmug.com/Airlines-Europe-2/Airlines-Europe-2/Icelandair

Delta Air Lines celebrates 30 years of flying the Boeing 757

Delta Air Lines (Atlanta) recently passed a quiet milestone with one aircraft type. The carrier has now operated the venerable Boeing 757-200 type for over 30 years. The first Boeing 757-200 (757-232 N602DL, msn 22809) was delivered on November 5, 1984 and placed into revenue service on December 1, 1984 along with N603DL. The initial routes were from Atlanta to Birmingham, Dayton and Jacksonville.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Boeing 757-232 N619DL (msn 22909) in the modified 1966 livery taxies at Dallas/Fort Worth.

Delta Air Lines aircraft slide show (historical liveries):ย AG Slide Show

La Compagnie to fly from the London area to Newark with its second Boeing 757

La Compagnie (Paris-CDG) is moving into the London area market. ย The new business class airline is planning to launch a new route from a London area airport to Newark in March 2015 after it takes delivery of its second 74-seat Boeing 757-200 per the Wall Street Journal.

Read the full story: CLICK HERE

The new airline commenced scheduled flights from Paris (CDG) to Newark on July 21, 2014.

Copyright Photo: Jacques Guillem/AirlinersGallery.com. The first aircraft, Boeing 757-256 F-HTAG (msn 29307) is pictured at the Paris (CDG) base.