Piedmont Airlines, Inc., a wholly owned subsidiary of American Airlines Group, will begin training pilots at the American Airlines Training Center in Charlotte to fly its fleet of Embraer 145 regional jets. The expansion comes as Piedmont transitions from turboprops to an all jet fleet.
Piedmont has added Embraer 145 desktop training stations in Charlotte and purchased a full sized Embraer cabin trainer for pilots and flight attendants. An E145 full motion simulator will be installed in Charlotte in 2017. Piedmont recently introduced a new pilot pay package that includes nearly $60,000 in pay and bonuses for first year pilots and an additional $20,000 in first officer retention payments.
Piedmont takes delivery of its twelfth jet in November, and will continue to add jets to the fleet through 2017. Pilots hired by Piedmont move to American Airlines in seniority order under a collective bargaining “flow” agreement. Piedmont currently employs approximately 470 pilots, but will expand that number to more than 600 in 2017.
ExpressJet Holdings, Inc. (Houston), parent company of regional and charter airline operator, ExpressJet Airlines (Houston) reported a second quarter loss of $5 million or $0.27 per diluted share excluding special items primarily related to non-cash adjustments of deferred tax assets and impairment of fixed assets. Including special items, ExpressJet’s loss totaled $18.6 million or $0.99 per diluted share for second quarter 2010.
For the six months ended June 30, ExpressJet’s loss excluding special items totaled $18.2 million or $1.00 per diluted share. Including special items, ExpressJet reported a loss of $34.7 million or $1.92 per diluted share for the six months ended June 30, 2010.
Subsequent to quarter-end, ExpressJet announced that it signed a definitive merger agreement with SkyWest, Inc. (Nasdaq:SKYW – News) whereby SkyWest, Inc. will acquire all of the outstanding common shares of ExpressJet for $6.75 per share in cash subject to the conditions of the definitive merger agreement. SkyWest, Inc. advised that its intention is that ExpressJet will be merged with its wholly-owned subsidiary, Atlantic Southeast Airlines following the closing of the transaction and receipt of all required regulatory approvals.
Copyright Photo: Bruce Drum. ExpressJet’s Embraer ERJ 145LR N15980 (msn 145202) taxies to the active runway at Charlotte.