Tag Archives: Great Lakes Aviation

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)

Advertisements

Great Lakes Airlines suspends service to six airports due to a pilot shortage

Great Lakes Aviation, Ltd. (Great Lakes Airlines) (Cheyenne, Wyoming) on February 1 suspended service to and from Devils Lake and Jamestown, North Dakota; Fort Dodge and Mason City, Iowa; Ironwood, Michigan; and Thief River Falls, Minnesota due to the severe industry-wide pilot shortage and its relative acute impact on Great Lakes according to a company statement.

Charles Howell, CEO released the following statement: “Due to the unintended consequences of the new congressionally mandated pilot regulatory requirements, the company feels it is in the best interest of our customers, communities, and employees to suspend service from these stations until we are able to rebuild our staff of pilots in order to provide reliable service. We deeply regret and apologize for this inconvenience.”

All customers with future flights in any of these stations will be given refunds.

Editor’s Comment: Many pilots and pilot groups (as the comments will attest) would strongly argue it is not a pilot shortage issue facing GLA but a pay issue. Simply put, higher pilot wages would probably attract more applications.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Great Lakes promotes many of its destination with area displays on the tails. Beech (Raytheon) 1900D N202UX (msn UE-202) promotes Dodge City, Kansas as it arrives in Los Angeles.

Great Lakes Airlines: AG Slide Show

Updated Route Map: Despite its name, the airline does not serve a city on any of the Great Lakes.

Great Lakes 2.2014 Route Map