“Capital follows confidence” as defence courts private money
Outside investment and the direction in which venture money flows may reveal what defence will buy years before formal programmes begin.
ExpressJet announces February traffic data
ExpressJet Holdings, parent company of regional and charter airline operator, ExpressJet Airlines, has reported traffic and capacity results for February 2010.
During the month, on scheduled services for its partners Continental and United, ExpressJet revenue passenger miles (RPMs) totalled 619 million, a 20% increase over the 516 million RPMs in February 2009. Available seat miles (ASM) flown were 825 million, compared with 735 million last February, a 12% increase.
These figures produced a February load factor of 75.1%, a 4.9 percentage point increase over the 70.2% recorded in the same period last year.
The company flew 53,836 block hours and operated 28,927 departures during the month as Continental Express and United Express. During February 2010, ExpressJet operated an average of 208 aircraft as Continental Express and an average of 16 aircraft as United Express.
Due to the severe winter weather in February 2010, ExpressJet cancelled 2,050 flights for weather and air traffic control reasons within its Continental Express and United Express operations.
ExpressJet flew 1,227 block hours during the month in its Corporate Aviation (charter) division, using 19 aircraft for the services.
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