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