Northwest Airlines Selling Off Nine A319s | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.19.15

Airborne 01.19.15

Tuesday

Airborne 01.20.15

Airborne 01.20.15

Wednesday

Airborne 01.21.15

Airborne 01.21.15

Thursday

Airborne 01.22.15

Airborne 01.22.15

Friday

Airborne 01.23.15

Airborne 01.23.15

Thu, Jul 12, 2007

Northwest Airlines Selling Off Nine A319s

Also Announces Management Shakeup

Saying the decision is part of its debt and lease restructuring efforts, Northwest Airlines said Tuesday it had reached an agreement to sell nine of its Airbus A319s... some of the newest planes in its fleet.

"The process for closing each of these sales is underway," said Northwest spokesman Darren Shannon. According to the Minneapolis Star Tribune, he refused to identify a buyer or name a purchase price and linked the deal to the carrier's "successful debt and lease restructuring efforts while in Chapter 11."

As ANN has reported, it hasn't been easy being Northwest lately. Last month crew shortages forced the cancellation of 12 percent of its schedule. The carrier also plans to cut flights and perhaps hire more pilots to prevent future pilot shortages, according to Bloomberg.

NWA pilot's union told reporters it was concerned about the decision, which leaves the carrier with 56 A319s.

"Northwest needs the revenue that could be gained by using these fuel-efficient aircraft," Monty Montgomery, a spokesman for the Northwest branch of the Air Line Pilots Association (ALPA), said. The planes could still be flown "under our current contract with sufficient [pilot] staffing."

Tim Rainey, Northwest's senior vice president overseeing flight operations, notified ALPA in March about plans to phase out the A319s, as well as thin its number of geriatric DC-9s from 115 to 93, according to the union. The carrier has yet to decide upon a replacement aircraft.

ALPA's negotiations committee said in early April, "It makes little sense to us that, in the profit making environment Northwest is now in, this management team is making decisions that limit those profits by selling 319s and not using [company] owned DC-9s."

The carrier wouldn't say which cities would be affected by the cuts in the fleet, according to the Tribune.

It's unclear at this point if this decision has anything to do with the executive shakeup in its airport affairs and finance departments announced Wednesday.

The carrier said two executive appointments would result from an apparent surprise re-retirement of a "key" executive who was instrumental in the design and construction of nearly $3 billion of facilities, including the 125-gate Northwest WorldGateway Terminal at Detroit Metro Airport, and in restructuring the airline's real estate portfolio in bankruptcy.

Jim Greenwald, vice president of facilities and airport affairs, has elected to retire, again, effective July 31. He rejoined NWA in December 2005 to assist the company in its restructuring efforts after having previously retired in early 2005.

Barry Hofer, vice president of financial planning & analysis, will replace Greenwald and will be responsible for negotiation of all airport leases, corporate real estate, and worldwide design and construction programs.

Managing Director of Financial Planning and Analysis Terry Mackenthun, has been named vice president of financial planning & analysis, succeeding Hofer.

Northwest projected in a bankruptcy court filing earlier this year flying done by regional partners is expected to grow rapidly, by at least 16.9 percent a year, the carrier said.

NWA subsidiaries, Mesaba and Compass airlines, will reportedly operate 36 new 76-seat regional jets each.

"You are going to see movement from 100- to 130-seat jets down to the new 76-seat jets that they just started receiving," senior research analyst at Thrivent Investment Management Bill Hochmuth said.

"Passengers better get used to flying in regional jets."

FMI: www.nwa.com

Advertisement

More News

Airborne 01.23.15: Google/SpaceX Bucks, Pet Aero-Rescue, Return of the P-3?

Also: Disruptive Innovation, V22 Ospreys, USAF Lets Bluebook Loose, Dawn and Ceres, FAASTeam Virtual Safety Stand Down As SpaceX’s Elon Musk pushes ahead on his development o>[...]

ANN FAQ: Getting The Word Out

Things To Know When You Send A News Release Aero-News gets hundreds of releases every week, ranging from industry giants like Boeing and Cessna to the smallest of flying clubs and >[...]

USAF Releases UFO Project Blueboook

Nearly 130,000 Pages Of Documents Posted On The Internet The storied USAF Project Blue Book has been published online ... including nearly 130,000 pages of declassified UFO records>[...]

Aero-News: Quote Of The Day (01.25.15)

"That's going to be the initial focus over the next year. Certainly in the next year-and-a-half or so, we will be far enough along in continuing (tactics development) to develop a >[...]

ANN's Daily Aero-Linx (01.25.15)

Aero Linx: A-4 Skyhawk Association An affiliation of individuals who have flown, maintained, (or who simply love) the "A-4 Skyhawk"; and who are dedicated to the perpetuation of th>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC