Rumors of the death of inflight magazines are, perhaps, greatly exaggerated. That’s just one of the topics we dive in to on this episode of the Weekly Wrap, covering the top PaxEx news you need to know.
Bombardier
The CRJ is dead; long live the CRJ, err MRJ, err SpaceJet. Or something like that.
Today was supposed to be a celebration for Mitsubishi Heavy Industry (MHI), the dawning of a new era for its SpaceJet regional jet program. Instead the company is drastically cutting operations and development efforts as the market contracts. But it still must move forward in some ways.
Final piece of Bombardier’s restructuring puzzle: Aerostructures sold to Spirit AeroSystems
The final phase of Bombardier’s aviation business restructuring is approaching the finish line. The company announced today a definitive agreement to sell its aerostructures business to Spirit AeroSystems. The deal includes facilities in Belfast, Casablanca and Dallas. Spirit will pay $500 million in cash and assume liabilities in excess of $700 million as part of the deal.
Does hourly service a shuttle make??
What does it take to claim a “Shuttle” service between two airports? Is it hourly service throughout the day? Is it more flexible fees and policies? Is it improved catering on board? For United Airlines and the new “shuttle-like” service between Newark and Washington’s Reagan National Airport (DCA) the answer might surprise you.
Norwegian’s Russian dalliance could open new Asian markets thanks to the SSJ100
It is no secret that Norwegian wants access to fly across northern Russia. The trans-Siberian routes open up opportunities in North Asia, including Japan, China and Korea. And the Russians know this. The country is a notoriously tough negotiator when it comes to gaining access to those routes. Some might even claim extortionate. Oh, and the country has a maligned small airplane that it would like to see selling better, perhaps flying more outside of its home carriers. What are the odds??
Mitsubishi’s SpaceJet buys Bombardier’s support
We are mere months away from the production of the final CRJ passenger jet. Mitsubishi Heavy Industries (MHI) announced this morning a deal to acquire Bombardier’s regional jet program, bringing it to a close as the SpaceJet will take its place.
Mitsubishi looks to Canada for its MRJ program
If you can’t join them, buy them. Mitsubishi appears poised to do just that as Bombardier seeks to offload its CRJ regional jet product line. At least it would solve the scope clause issues.
Can Space Jet save the MRJ??
Can a rebranding and redesign of the Mitsubishi Regional Jet to “Space Jet” restore the type’s fortunes? The market could use a competitor to shake up Embraer’s monopoly, but uncertainty and further delays are not going to help the MRJ break into the market.
Air Canada to acquire Air Transat
Air Canada wants to buy its LCC competitor Air Transat in a half billion dollar deal. But can it get past the regulatory hurdles along the way??
Bombardier to restructure aviation, sell off Belfast composite wing facility
First Bombardier sold off the CSeries (now A220) to Airbus. Then the Q400 turboprop business was sold to Viking Air. Today the company announced further restructuring, with plans to consolidate remaining operations in the Americas while divesting its composite aerostructures businesses in Belfast and Morocco.