Company Watch - Northwest Airlines.May 7, 2007 Compass Airlines Compass Airlines was the operating name for three airlines:
flying, flight - an instance of traveling by air; "flying was still an exciting adventure for him" yesterday out of Washington Dulles. For now, Compass will be operating a single Bombardier CRJ CRJ redirects here. For other meanings of CRJ see CRJ (disambiguation) The Bombardier CRJ (Canadair Regional Jet) is a family of regional airliners manufactured by Bombardier, and based on the Canadair Challenger business jet. 200 on two daily roundtrips between IAD (Integrated Access Device) A device that multiplexes a variety of communications technologies in the customer's premises onto a single telephone line for transmission to the carrier. It also demultiplexes the incoming streams into their respective channels. and Minneapolis/St. Paul. It expects to put the first of 36 E-175s into service by the third quarter. May 3, 2007 Northwest Airlines reaches agreement with bond holders Northwest Airlines Corp. said late Wednesday it has resolved outstanding issues with its bond holders stemming from its restructuring plans. The fifth-largest domestic carrier said the agreement clears the way for it to "promptly file" a supplement to its proposed plan for emerging from bankruptcy, which still needs the approval of the creditors committee. Northwest Airlines voluntarily sought Chapter 11 protection from creditors in September 2005. On Monday, Northwest estimated that valid claims filed against it in bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. have been whittled down to about $8.2 billion to $8.8 billion. May 2, 2007 Northwest Airlines posted a first-quarter net loss of $292 million, narrowed from $1.1 billion in the year-ago quarter, with the negative 2007 results owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de $393 million in reorganization costs as the carrier endeavors to exit bankruptcy during the second quarter. May 1, 2007 Northwest posts smaller Q1 loss. Northwest Airlines posted a first-quarter loss of $292 million, down from the loss of $1.1 billion reported a year ago. The airline, which operates under bankruptcy protection, said it incurred expenses related to restructuring. It also said fuel was its top expense in the quarter. May 1, 2007 Northwest Airlines reported a $90 million profit for March, reversed from a $226 million deficit in the year-ago month, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a filing with the US Securities and Exchange Commission. Revenue slipped 0.3% to $1.12 billion against a 9.4% fall in expenses to $934 million. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. more than doubled to $174 million from $80 million. The company took $54 million in net reorganization charges during the month, nearly all of which came from rejection of aircraft, including a delivery cancellation claim for 13 Bombardier CRJ200s. May 2, 2007 New Northwest subsidiary starts operating Compass Airlines completed its first flight Wednesday, from Washington's Dulles International Airport to Minneapolis. Compass is a unit of Northwest Airlines and operates a single 50-seat Bombardier CRJ-200 regional jet. Northwest plans to eventually add 36 more regional jets to the Compass fleet. May 4, 2007 Northwest said it is proceeding with plans to launch its new regional subsidiary Compass Airlines by the third quarter. Compass will operate 76-seat E-175s. Pinnacle, which recently acquired Colgan Air Colgan Air is an American fully certificated regional airline subsidiary of Pinnacle Airlines Corporation. Headquartered in Manassas, Virginia, its major hubs are New York's LaGuardia Airport, Boston's Logan International Airport, Washington Dulles International Airport, and and placed an order for 15 bombardier DHC-8-Q400s, will continue to operate 124 CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 200s for Northwest. Apr 30, 2007 Northwest Airlines will remove 17 Bombardier CRJ200s from regional partner Pinnacle Airlines and reassign them to Mesaba Airlines, which NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer acquired as part of its restructuring plan . Pinnacle is losing the aircraft because it failed to reach a new labor agreement with its pilots by March 31, a condition stipulated as part of its service agreement, an NWA spokesperson said. "As we renegotiated the Airline Services Agreement with NWA, one caveat was that we had to have a deal with our pilots by March 31 or these aircraft would be subject to return," a Pinnacle spokesperson confirmed "A contract was not completed on March 31 and NWA has exercised the right to remove two per month. They informed us this week." Apr 30, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new, free service that aims to keep travelers informed flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Apr 30, 2007 |
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