Tag Archives: Beech

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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Four killed in a Beech 1900C crash at Miami Executive Airport

TMB Map

A Beechcraft 1900C, registered as YV1674 (msn UC-47), operated by Servicio Pan Americano de Protección of Venezuela, crashed into trees two miles west-southwest of Miami Executive Airport (TMB) (formerly Kendall-Tamiami Airport) after takeoff at approximately 2:40 pm (1440) local time yesterday (February 11) according to an eyewitness and Miami Dade Police. Four people on board were killed in the crash. The aircraft had departed the airport bound for Providenciales in the Turks and Caicos Islands when it reported a problem and was attempting to return to the airport when it crashed.

Servicio Pan Americano de Proteccion C.A. logo

According to the company website,  the company describes its activities:

“The Venezuelan company is the pioneer and leader in the integral processing of valuables and associated risks. In 2008, we celebrated our 50th anniversary safeguarding the product of the efforts of all Venezuelans, with the highest levels of security, professionalism and efficiency. Every day we work to add value to Venezuela.”

Read the report (with photos) from the Miami Herald: CLICK HERE

Photo of the aircraft: CLICK HERE

Map: Google Map.

Air New Zealand to end Beechcraft 1900D operations in August 2016

Air New Zealand (Auckland) has announced it will phase out its 19-seat Beechcraft 1900D fleet operated by Eagle Airways (Hamilton) under the Air New Zealand Link banner. ANZ is acquiring four additional ATR 72s to complete the phase out by August 2016.

Copyright Photo: Colin Hunter/AirlinersGallery.com. Eagle Airways’ Beechcraft 1900D ZK-EAL (msn UE-435) arrives at the Auckland hub.

Air New Zealand aircraft slide show: AG Slide Show

Pacific Coastal Airlines to start a new route connecting Victoria with Prince George

Pacific Coastal Airlines (Vancouver) has announced the addition of a new regularly scheduled nonstop service between Victoria and Prince George effective on Monday, January 12, 2015.

The new flight will operate once every day except Saturday. It is scheduled to depart Victoria International Airport (YYJ) at 5:00 P.M. (PST) (1700) arriving at Prince George Airport (YXS) at 6:40 P.M. (PST) (1840). The aircraft will depart Prince George at 7:05 P.M. (1905), arriving back in Victoria at 8:45 P.M. (2045).

Pacific Coastal Airlines has been providing regularly scheduled, charter, and cargo services in British Columbia for almost forty years. Started in Bella Coola by one-time truck logger Daryl Smith, it is now the sixth-largest airline operating at Vancouver (YVR) (based on outbound seats), and third-largest in takeoffs and landings. It is also a major supplier of charter services to fishing lodges and the resource sector.

Operating from its administrative center at Vancouver International Airport (YVR) South Terminal, Pacific Coastal employs more than three hundred people across fifteen bases in British Columbia.

Pacific Coastal Airlines’ seaplane base operates out of Port Hardy on Vancouver Island and from there provides service to a large number destinations along the coast.

Copyright Photo: Tony Storck/AirlinersGallery.com. Beechcraft 1900C C-GPCY (msn UB-45) arrives at the Vancouver hub with a bald eagle on the tail. Pacific Coastal decorates its tails with scenes from British Columbia.

Tale of the Pacific Coastal Tails:

Pacific Coastal Tails

Route Map:

Pacific Coastal logo

Website_Map_V2b

Pacific Coast Airlines Aircraft Slide Show:

Video:

 

Great Lakes hires Raymond James to advise on financing and strategic alternatives

Great Lakes Aviation, Ltd. (Great Lakes Airlines 2nd) (Cheyenne, Wyoming) has issued this statement:

Great Lakes Aviation has announced it has engaged Raymond James as its investment banker to advise the Company with respect to new financing options and strategic alternatives. As part of its assignment, Raymond James will also assist the Company in evaluating changes to its business and fleet configuration.

In March of this year the Company was successful at certifying new FAA Operations Specifications that have enabled the Company to hire pilots despite recent regulatory changes that have had the effect of materially reducing the supply of qualified pilot applicants for the regional airline sector in general. The reductions in small community air service capacity seen across the U.S. in 2014 are a result of this same reduced pilot supply, and are creating the need for a re-invented regional airline industry. The Company intends to respond to that need.

Great Lakes provides scheduled passenger service to over 30 airports throughout the mid-west and western United States operating a fleet of Embraer EMB-120 Brasilias, and Beechcraft 1900D regional airliners.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Beech 1900D N220GL (msn UE-220) in the promotional tail design for Alamosa, Colorado taxies at Los Angeles.

Great Lakes Airlines: AG Slide Show

Current Route Map:

Great Lakes 6.2014 Route Map (LRW)

Alpine Air Express is sold by Gene Mallette to KEB Enterprises

Alpine Air Express, Inc. (Provo, Utah), one of the largest regional on demand air cargo providers in the United States, completed the sale and transfer of a controlling interest to KEB Enterprises on May 7, 2014.

Alpine Air Express logo

Alpine Air Express has been providing regional air cargo charter flights for almost 40 years. After acquiring the company in 1986 and guiding a turnaround strategy that led to continued growth, CEO Gene Mallette sold his stake in the company to an entity controlled by KEB Enterprises, which is owned by Kenneth E. Brailsford. Mallette sold his Alpine Air Express common shares at a price of $0.9663 per share, which price may be adjusted later under the stock purchase agreement governing the sale of his interest. Mr. Mallette was the largest shareholder of the Company owning over 80% of the Company’s common stock.

“I am truly excited about the continuity and transfer of ownership for all of our employees and clients,” Mallette said. “We have created an excellent safety, and on-time culture within our employees; I know Alpine Air will continue to grow and build upon that hard-won legacy.”

Brailsford will be the new President and CEO of Alpine Air with Bill Distefano remaining as the General Manager and Michael Dancy taking over business development.

With a fleet of 25 aircraft, Alpine Air Express currently provides on demand, non-scheduled air cargo flights to 16 cities in 6 states for a diverse client base that includes the United States Postal Service and other major international transportation and logistics companies.

The company’s headquarters and maintenance facility are located in Provo, Utah with operations based in Billings, Montana.

The purchaser of Mr. Mallette’s interest and Alpine Air Express also plan on completing a merger in the coming weeks based on a merger agreement signed by the two companies also on May 7, 2014. As part of the agreement, Alpine Air Express will merge into the purchasing entity, which will be the surviving company.

When the merger is completed, the remaining shareholders of Alpine Air Express will receive a cash amount of $0.9728 per share. Additionally, all stock option holders in Alpine Air Express may receive the same value for their options less the option exercise price either by exercising them or receiving a payment for terminating their options. The cash amount to the remaining shareholders will represent an approximately 412% premium on Alpine Air Express’s common stock closing price on May 7, 2014, which was $0.19 per share. More information about the merger will be provided in the coming days. The Company received a fairness opinion on the consideration being paid to the remaining shareholders.

Copyright Photo: Joe G. Walker/AirlinersGallery.com. Beechcraft 1900C N153GA (msn UB-34) makes a stop at Boeing Field (King County Airport) in Seattle (BFI).

Route Map:

Alpine Air Express 5.2014 Route Map

Great Lakes Airlines to end service early at several cities

Great Lakes Airlines (Cheyenne) has announced it will end Essential Air Service (EAS) passenger service a month early at Great Bend, Kansas on April 1. The struggling regional carrier will also end passenger flights at Dickinson, North Dakota on March 26 after 21 years. Williston, North Dakota will be dropped on March 30. Great Lakes will also suspend operations at McCook, Nebraska on April 1. The airline is blaming a pilot shortage but critics state the company does pay enough to attract enough pilots.

SeaPort Airlines has bid on the routes with the Department of Transportation (DOT).

Great Lakes has received permission to operate some of their Beech 1900Ds with only 9 seats (please see the seating diagram below) rather than the normal 19 seats so the aircraft can be operated under Part 135 regulations. This allows the company to hire First Officers who have less the 1500 hours FAA requirement. The aircraft still have a captain with at least 1500 hours of experience with an ATP rating. Even with this measure, the airline was not able to stave off the termination of service to these affected cities.

Great Lakes Fleet Seat Plan

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Beech (Raytheon) 1900D N201GL (msn UE-201) with a promotional Pierre, South Dakota image on the tail arrives at Los Angeles International Airport (LAX).

Great Lakes: AG Slide Show

The shrinking Great Lakes Route Map (routes shown as of February 1):

Great Lakes 3.2014 Route Map