Pinnacle purchases $20 million of preferred share from Northwest Airlines

Pinnacle Airlines Corp. has purchased its Class A Preferred Share from Northwest Airlines Corp. at a purchase price of $20 million. The purchase is in accordance with the Airline Service Agreement between Pinnacle and Northwest agreed to a year ago. “This is the last step in the process of becoming independent that began with our […]

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Polar Air Cargo Worldwide hires new VP Sales and Marketing, Americas

Atlas Air Worldwide Holdings released that Polar Air Cargo Worldwide has hired Thomas Betenia as Vice President Sales and Marketing, Americas, effective January 7, 2008. Mr. Betenia, who will be based in Purchase, NY, comes to Polar from Lufthansa Cargo AG, most recently as Director of Sales and Handling for the U.S. Northeast and Mid-Atlantic

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River Hawk Aviation subsidiary adds aircraft to aviation management program

River Hawk Aviation has reached agreement with its aviation partner Aerologistics Investment Partners, LLC (Aerologistics), to provide aviation management services for a Cessna Citation II that it is acquiring. The management services are to be provided through Profile Aviation Services, a wholly owned subsidiary of the Company. The Cessna Citation II is a very popular

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Pratt & Whitney and Turkish Airlines Technic form MRO joint venture

Pratt & Whitney and Turkish Airlines Technic Inc. signed a joint venture agreement on January 7th, to build an aircraft engine overhaul center in Istanbul. Financial terms of the agreement were not disclosed. The joint venture facility, to be named Pratt & Whitney Turkish Technic Aircraft Engine Maintenance Center LLP, will overhaul V2500 and CFM56

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Air Canada and LAN receive statement of objections from European Commission

Air Canada and LAN confirmed that they have received a statement of objections from the European Commission that sets out the Commission’s preliminary assessment in its investigation into alleged anti-competitive cargo pricing activities, including relating to the levying of certain fuel surcharges, among a number of airlines and cargo operators, in breach of EC antitrust

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ABX Air to provide additional airlift for DHL network

Eclipse Aviation, manufacturer of the first very light jet (VLJ), has received certification of Avio NG from the Federal Aviation Administration (FAA). The Avio NG Total Aircraft Integration system, exclusive to the Eclipse 500 VLJ, provides centralized control of virtually all Eclipse 500 systems and avionics functions. Avio NG significantly reduces pilot workload by simplifying

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