Alaska Airlines and Horizon Air 2007 Annual Report Download - page 112

Mr. Loveless became Corporate Secretary and
Assistant General Counsel of Alaska Air Group
and Alaska Airlines in 1996. In 1999, he was
named Vice President/Legal and Corporate
Affairs, General Counsel and Corporate Secretary
of Alaska Air Group and Alaska Airlines.
Mr. Saretsky joined Alaska Airlines in March 1998
as Vice President/Marketing and Planning. In
2000, he became Senior Vice President/
Marketing and Planning. He was elected Executive
Vice President/Marketing and Planning of Alaska
Airlines in 2002, and in 2007 he was elected
Executive Vice President/ Flight and Marketing.
Mr. Johnson became Vice President/Controller
and Treasurer of Horizon Air Industries in 1991
and Vice President/Customer Services in 2002.
He moved to Alaska Airlines in 2003 where he
has served in several roles, including Vice
President/Finance and Controller and Vice
President/Finance and Treasurer. Most recently,
he has served as Senior Vice President/
Customer Service – Airports from January 2006
through April 2007. In April 2007, he was
elected Executive Vice President/Airports and
Maintenance and Engineering.
Mr. Pinneo became Vice President/Passenger
Service of Horizon Air Industries in 1990
following nine years at Alaska Airlines in various
marketing roles. In January 2002, he was named
President and CEO of Horizon Air.
Mr. Pedersen joined Alaska Airlines in 2003 as
Staff Vice President/Finance and Controller of
Alaska Air Group and Alaska Airlines and was
elected Vice President/Finance and Controller for
both entities in 2006.
REGULATION
GENERAL
The Department of Transportation (DOT) and the
Federal Aviation Administration (FAA) exercise
significant regulatory authority over air carriers.
•DOT: In order to provide passenger and
cargo air transportation in the U.S., a
domestic airline is required to hold a
certificate of public convenience and
necessity issued by the DOT. Subject to
certain individual airport capacity, noise
and other restrictions, this certificate
permits an air carrier to operate between
any two points in the U.S. Certificates do
not expire, but may be revoked for failure
to comply with federal aviation statutes,
regulations, orders or the terms of the
certificates. In addition, the DOT has
jurisdiction over the approval of
international codeshare agreements,
alliance agreements between domestic
major airlines, international route
authorities and certain consumer
protection matters, such as advertising,
denied boarding compensation and
baggage liability. International treaties
may also contain restrictions or
requirements for flying outside of the U.S.
•FAA: The FAA, through Federal Aviation
Regulations (FARs), generally regulates
all aspects of airline operations,
including establishing personnel,
maintenance and flight operation
standards. Domestic airlines are
required to hold a valid air carrier
operating certificate issued by the FAA.
Pursuant to these regulations we have
established, and the FAA has approved,
both our operations specifications and a
maintenance program for each type of
aircraft we operate. The maintenance
program provides for the ongoing
maintenance of such aircraft, ranging
from frequent routine inspections to
major overhauls. From time to time the
FAA issues airworthiness directives
(ADs) that must be incorporated into our
aircraft maintenance program and
operations. All airlines are subject to
enforcement actions that are brought by
the FAA from time to time for alleged
violations of FARs or ADs. At this time,
we are not aware of any enforcement
proceedings that could either materially
affect our financial position or impact
our authority to operate.
The Aviation and Transportation Security Act (the
Security Act) generally provides for enhanced
aviation security measures. Pursuant to the
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