Aviation News

June 19, 2008

Sun Country Seeks $50 Million State Bailout

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For the first time through the current spell of airline instability, an airline is seeking the government’s financial help to survive. The Star Tribune reports Minneapolis-based LCC Sun Country is seeking $25 million a year in assistance from the state of Minnesota, possibly in the form of loan guarantees.

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An Iran Air Boeing 747SP. (Photo by Tom Alfano)

Iranian Airlines Face Rough Skies

Sky-rocketing fuel prices, a drop in passengers and foreign currency shortages have forced Iran's aviation sector into turbulent times.
by AFP

Delta Air Lines will become its own oilman after purchasing a refinery in Pennsylvania.

Delta Air Lines Buys a Refinery, Becoming its Own Oilman

Delta Air Lines on Monday announced it had reached an agreement to buy a disused oil refinery near Philadelphia, a move which many industry pundits promise to puzzle over for years to come. Monroe Energy, a wholly-owned subsidi...
by admin



Airlines to See 78 Percent Profit Drop This Year: IATA

The International Air Transport Association on Monday further downgraded its 2011 airline industry profit forecast to $4 billion, which would represent a 78 percent drop compared to last year.
by BNO News


FAA Air Traffic Control Chief Quits Amidst Sleeping Controllers Firestorm

Hank Krakowski, the head of Air Traffic Organization for the FAA, resigned Thursday following weeks of criticism over reports of sleeping air traffic controllers.
by BNO News