Great Lakes Airlines continues operations despite defaulting on a $27.5 million loan

Great Lakes Airlines (Cheyenne, Wyoming) continues normal operations this weekend despite defaulting on a $27.5 million loan with Callidus Capital Corporation according to Wyoming News.com.

Airline officials expect to resolve the issue soon. Both sides are in negotiations to resolve the default according to the report. The lending company could however take back leased assets of the airline at any time.

Read the full report: Read the Full Story (LRW)

Top Copyright Photo: Ton Jochems/AirlinersGallery.com. Beech (Raytheon) 1900D N192GL (msn UE-192) taxies at Los Angeles International Airport.

Great Lakes Airlines aircraft slide show: AG Airline Slide Show

Route Map:

Great Lakes 9.2015 Route Map

AG Read the Real WAN

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