Monday, July 14, 2014

Airline Division Week In Review - July 13, 2014


Airline Industry News
Governmental and Regulatory
The Federal Aviation Administration's  recent efforts to clarify and define its role in regulating the use of model aircraft has some hobbyists upset about what they see as the agency's overreaction to a couple of unusual incidents.
Airlines, Industry and Labor
Boeing is close to sealing deals with as many as four airlines for its 747-8, sources say, a move that would give a needed boost to the plane's production rate. Boeing is working to make the production process on the 747-8 faster and more efficient while keeping costs down.
United Continental Holdings reported a 3.5% increase in passenger revenue per available seat mile for the second quarter on domestic and Pacific routes. United shares rose 6.7% on the news.
Southwest Airlines stepped in to transport World War II and Korean War veterans home to St. Louis after their Honor Flight was diverted to another airport. Southwest dispatched another aircraft and called in a crew to fly the veterans home from Washington, D.C., on the same day instead of making them wait for a flight on the following day.
Boeing Co. joined Japanese carriers and the University of Tokyo in an initiative to produce aviation biofuel. Because of limited crops in the country, Japan is looking at biofuel derived from algae and household waste to power aircraft by 2020.
United Airlines and the International Association of Machinists and Aerospace Workers came to an agreement to keep jobs at Hawaii airports. The deal will allow more than 200 ground workers to keep their positions. United spokeswoman Christen David also said the carrier plans to add 36 positions to the airport in Honolulu.
The Boeing Company’s newly released industry forecast calls for 36,770 new airplanes over the next 20 years, a 4.2% increase compared with last year's forecast. Boeing expects 25,680 of those new aircraft to be single-aisle planes.

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