Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  American Airlines Group Inc    AAL   US02376R1023

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

American Airlines : Compass Airlines to Secure 20 New Embraer E175 Aircraft from American Airlines

06/24/2014 | 01:29am US/Eastern

Compass Airlines will operate 20 new 76-seat Embraer E175 aircraft owned by American Airlines.

Compass noted that it expects to begin taking delivery of the aircraft and start scheduled service under the American Eagle brand and livery in the first quarter of 2015. The agreement also provides American the option to place additional E175 aircraft it owns with Compass in the future.

"We're thrilled to begin our partnership with American with these 20 new state-of-the-art aircraft that will allow us to provide a top- tier experience to customers of American," said Compass Airlines President and CEO Richard Leach. "The opportunity to grow our operation for American beyond the 20 initial E175s we have been awarded also points to a bright future for Compass and our employees."

American Airlines, a subsidiary of American Airlines Group, announced in December 2013 it had signed agreements with Embraer S.A. to purchase 60 new 76-seat E175 regional jets, with options for up to 90 additional aircraft.

"Compass Airlines has a proven history of providing safe, reliable, customer-friendly and cost-effective service on the E175 aircraft and this made Compass a great choice for our business and our customers," said Kenji Hashimoto, SVP of regional carriers for American Airlines. "This is the first time Compass will provide regional flight service for American. We are looking forward to Compass operating these new aircraft to provide an exceptional travel experience to American's customers connecting to our extensive global network."

Compass Airlines is a subsidiary of Trans States Holdings. Compass Airlines operates 36 Embraer E175 and six Embraer E170 aircraft from its Minneapolis/St. Paul (MSP) and Detroit (DTW) hubs, as well as a maintenance facility in Louisville, Kentucky.

Trans States Holdings is a privately owned holding company for three regional airlines, including Compass Airlines, GoJet Airlines and Trans States Airlines.

More information and complete details:

transstates.net

((Comments on this story may be sent to newsdesk@closeupmedia.com))

(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

React to this article
Latest news on AMERICAN AIRLINES GROUP IN
1d ago AMERICAN AIRLINES : Regulation FD Disclosure (form 8-K)
1d ago AMERICAN AIRLINES : and Interjet Announce Codeshare Agreement; Agreement expands..
2d ago AMERICAN AIRLINES : gives flight attendants additional raises for new contract
2d ago AMERICAN AIRLINES : Reports November Traffic Results
3d ago AMERICAN AIRLINES : 'Going For Great' With More Than $2 Billion In Planned Custo..
3d ago AMERICAN AIRLINES : Cuba opening could provide modest benefits' for Charlotte
3d ago AMERICAN AIRLINES : celebrates end of year with partners in Brasilia
4d ago AMERICAN AIRLINES : 12 injured on American Airlines flight hit by turbulence
4d ago AMERICAN AIRLINES : to Add Daily Flight to NYC from ILM
4d ago AMERICAN AIRLINES : Five hospitalized after turbulence on American Airlines flig..
Advertisement
Chart
Duration : Period :
American Airlines Group In Technical Analysis Chart | AAL | US02376R1023 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF