Airline cuts flights until problems solved

Article Abstract:

Four-jet airline Pro Air has discontinued flights on half of its routes in order for it to tackle its operations problems. The airline said it encountered problems in ground handling which was administered by other airlines. The problems compelled it to cancel flights from New York La Guardia. To lessen cancellations, Pro Air has also replaced the firms that provided it with ground handling services.

Services discontinued, Pro Air

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Air routes may vanish in rural Southwest

Article Abstract:

Some rural communities could lose their air service routes due to federally required safety upgrades for small airplanes. Commuter airline Mesa Air Group announced that it will retire half of its 19-seat turboprops and stop its rural routes in the Southwest. The new safety rules, which were implemented from 1995 to 1997, were mandated by Congress after a series of crashes involving commuter planes.

Government regulation

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Delta buys regional feeder airline Comair

Article Abstract:

Delta Air Lines Inc announced it would acquire regional feeder airline, ComAir Inc, in a $1.8-billion buy-out agreement. Terms of the deal call for Delta, which already owns 22% of Comair, to pay $23.50 a share for the remaining ComAir shares it does not own. The carrier will also assume $110 million in ComAir debt. Delta Air, which stands to boost its regional operations with the deal, expects to complete the transaction by Thanksgiving.

Asset sales & divestitures, Acquisitions & mergers, ComAir Inc.

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