For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 24, 2006
Canada transitions to new air traffic system. Canada is transitioning to a new air traffic monitoring system that uses global positioning system signals to locate and identify planes. It will allow planes to fly within five miles of one another rather than the current 80-mile separation. NAV CANADA projects airlines will save as much as $200 million over 15 years through more flexible and fuel-efficient flight routes. Jul 21, 2006
Senate panel blocks Bush plan to ease foreign ownership rules. A Senate panel on Thursday voted to halt for one year a White House effort to relax rules limiting foreign investments in U.S. airlines. The White House says it will proceed with its plan without congressional consent. Jul 21, 2006
US Senate Appropriations Committee joined the House of Representatives in attaching an amendment to a bill that prevents the Dept. of Transportation from spending any money in the next year in its effort to ease restrictions on foreign investment in US airlines. Continental Airlines was quick to release a statement praising the decision. "Both the Senate and the House have expressed strong bipartisan opposition to DOT's rulemaking proposal, which would unlawfully give foreign investors the right to control US airlines. The message has never been clearer that Congress will stop the Dept. of Transportation from implementing its foreign control rulemaking," CO President Jeff Smisek said. Jul 20, 2006
EU and US FAA announced the execution of an MOU at Farnborough that "secures enhanced cooperation in building a more efficient and seamless air traffic system between Europe and the US," FAA said. "As FAA moves forward with its aggressive air traffic modernization efforts, it's vital that we coordinate with our global partners," Administrator Marion Blakey said. The agreement calls for establishment of timelines to implement appropriate interoperable systems and technology, identifies specific areas of cooperation such as regulation and research and development, allows suppliers from each side to participate in the system for the...