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Great Plains Files Ch11 :(  
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4615 posts, RR: 23
Posted (10 years 11 months 2 days 1 hour ago) and read 5247 times:

::sigh::...Hopefully someone can step in and help Oklahoma out if this fails completely.


Great Plains Airlines files for Chapter 11
2004-01-23
By Adam Wilmoth
The Oklahoman


TULSA - Great Plains Airlines filed for Chapter 11 bankruptcy protection on Friday.
The Tulsa-based carrier said it will discontinue all scheduled service during the bankruptcy proceeds and that it will fly charter service only.

"We regret having to make this filing, but we remain committed to our plan of providing direct air service to the people of Oklahoma, New Mexico, Illinois, Tennessee and Washington D.C.," said David A Johnson, the airlines' chairman and chief executive.

Great Plains operated for more than two years with only two aircraft, losing as much as $800,000 a month, but the carrier reduced that loss in 2003 by reducing its work force and adding three new aircraft last month. ¶



45 replies: All unread, showing first 25:
 
User currently offlineOPNLguy From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 11 months 2 days 1 hour ago) and read 5155 times:

Sorry to hear it...

If that A&P mechanic from San Antonio who went to Tulsa reads this (your name and email escape me at the moment), please contact me...



User currently offlineN766UA From United States of America, joined Jul 1999, 8366 posts, RR: 23
Reply 2, posted (10 years 11 months 2 days ago) and read 5058 times:

Not surprising. It's sad to see yet another Dornier operator go under, though. I really liked those props.


This Website Censors Me
User currently offlineMoPac From United States of America, joined Sep 2003, 215 posts, RR: 0
Reply 3, posted (10 years 11 months 1 day 23 hours ago) and read 4936 times:

Hey OPNLguy, are you talking about the guy who was gonna start up a regional carrier based at SAT... Mustang Express I think they were gonna call it... he used to work for Fairchild? Or is this a different guy?

User currently offlineOPNLguy From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 11 months 1 day 23 hours ago) and read 4872 times:

Guy I'm thinking about used to be an A&P at Fairchild, and went to GP in TUL. Had spoken with him about a big 737 operator in between...  Big grin

User currently offlineMariner From New Zealand, joined Nov 2001, 25690 posts, RR: 85
Reply 5, posted (10 years 11 months 1 day 23 hours ago) and read 4857 times:
Support Airliners.net - become a First Class Member!

It's very sad for the people who have lost their jobs, but it wasn't exactly unpredictable.

The business plan was never really workable, and they've lost a lot of state/city money:

http://www.ajc.com/business/content/business/ap/ap_story.html/Financial/AP.V1574.AP-Great-Plains-Ba.html

They'll have to do some pretty nifty tap dancing to get out of Chapter 11.

cheers

mariner



aeternum nauta
User currently offlineJj From Algeria, joined Jun 2001, 1227 posts, RR: 2
Reply 6, posted (10 years 11 months 1 day 23 hours ago) and read 4831 times:

OPNLguy aren't you talking about TechRep ??? I think he worked in Great Plains, and in Fairchild previously...

User currently offlineOPNLguy From , joined Dec 1969, posts, RR:
Reply 7, posted (10 years 11 months 1 day 23 hours ago) and read 4809 times:

That's him...

Goy an email for him, or is he still here on a.net?


User currently offlineMoPac From United States of America, joined Sep 2003, 215 posts, RR: 0
Reply 8, posted (10 years 11 months 1 day 23 hours ago) and read 4805 times:

OPNLguy- Yeah, likely a different guy. Lots of career Fairchild folks still out of work, even today unfortunately.



Hope all of the GP employees find new gigs quick.


User currently offlineMfricke From United States of America, joined Jun 2001, 274 posts, RR: 0
Reply 9, posted (10 years 11 months 1 day 22 hours ago) and read 4765 times:

It's a shame, I always hate to see an airline go out of business. I flew then for fun back in April on an AUS-TUL-OKC routing. I try to fly as many airlines as I can, and I kind of foresaw this coming. Well, I guess Chapter 11 is not Chapter 7, so good luck to them!


ONT - Southern California's Ontario!
User currently offlineFreshlove1 From , joined Dec 1969, posts, RR:
Reply 10, posted (10 years 11 months 1 day 22 hours ago) and read 4728 times:

If your looking for work im sure MESA will hire you from what I hear they have people flying their CRJ's that are fresh off the street and have very few hours.

User currently offlineKKMolokai From United States of America, joined Feb 2000, 760 posts, RR: 2
Reply 11, posted (10 years 11 months 1 day 21 hours ago) and read 4653 times:

AA is accepting Great Plains tickets for *standby* travel. There is a $25 service charge. Original travel dates/itinerary (as purchased from Great Plains) cannot be altered/changed.

Affected Great Plains passengers *must* call AA Reservations (800-433-7300) to flight list (standby) prior to arriving at the airport. A $25 service fee and a waiver release will be collected at the AA ticket counter upon check-in.



We are the people of American Airlines. And we know why you fly.
User currently offlineType-rated From , joined Dec 1969, posts, RR:
Reply 12, posted (10 years 11 months 1 day 21 hours ago) and read 4643 times:

Wasn't that also TechRep that was going/did interview with JetBlue for a trainers position? I don't think I've seen a post from him since. He always has something pretty interesting to say.....



User currently offlineSprxflySWA From United States of America, joined Nov 2003, 597 posts, RR: 0
Reply 13, posted (10 years 11 months 1 day 21 hours ago) and read 4612 times:

All I can say is it is about time. How they managed this long escapes me!
They served the thinnest O & D routes I can think of, that have any chance of succeeding,that is.
The way they started,quit cities, and always revamping their schedule, no surprise at all.
Does this include Rio Grande Airways in ABQ, or are they separate?
This is one airline that should have been on everyone's list of over ambitious plans for an airline thread.
Needless to say, I was no fan!

I do feel bad for the ex employees. Reminds me when I would talk to MarkAir employees prior to their demise. Real uncertainty of job stability.


User currently offlineLt-AWACS From , joined Dec 1969, posts, RR:
Reply 14, posted (10 years 11 months 1 day 19 hours ago) and read 4575 times:

Hmmm I flew them OKC-BLV (Scott AFB/Bellville far east St Louis) around Thanksgiving, packed airplane, and easy service into BLV, but I am not surprised. Of course the only reason I flew them was a fare sale. Here was the email I got from them:

""""Dear Shareholders and Friends of Great Plains:

Great Plains Airlines has filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code. We have suspended scheduled flight service effective January 24th 2004. While we regret this suspension of scheduled service, January and February are historically weak months for the industry. We will continue our charter operations as we work through the reorganization plan. Fortunately, we have strong charter bookings for the remainder of January, February and March. We anticipate being able to return to scheduled service by March.

As you know, Great Plains has faced a number of challenges as a result of the general economic slowdown and the events of September 11, 2001. In addition, for some time we have struggled with certain engine issues on the 328 Fairchild Dornier jets, which have resulted in significant down time for our jet aircraft and a reduced level of service for our passengers. In addition, this has had a significant negative impact on our financials. Because of these issues and our inability, to date, to negotiate a reduction in the debt for these aircraft on our balance sheet, we are in the process of turning the aircraft back to the bank.

While for many months, we were having difficulty in obtaining aircraft, this issue has been alleviated by a division of Daimler Chrysler that is providing us with Fairchild Dornier Propjets. We now have two in service and are expecting an additional four aircraft in February. Subsequently, we expect approximately 2 aircraft per month.

Our principal issue is obtaining sufficient working capital to put the aircraft into service. We went out with a new PPM in late December. We are projected to be profitable in 2004 and expect to be at break even before mid-year. However, two sources of funding that were expected in January did not materialize on schedule. This has created a temporary short-term funding difficulty for the airline. While we expect this to be rectified by March, if not before, we determined that this along with the jet aircraft issue required that the airline seek Chapter 11 protection.

We expect to be able to come out of this reorganization as a strong regional airline with an improved balance sheet and financials. This should position us to return to our scheduled service with new cities and improved frequency.

We recognize that these actions will affect you and we regret that it was necessary for Great Plains to take this action.

We are committed to keeping you informed of developments at Great Plains Airlines. The developments about our reorganization will be posted on our website at www.gpair.com. Further, we will send you a letter about our progress from time to time. In the meantime, if you have any questions about this matter, please feel free to contact me at david.johnson@gpair.com.

Sincerely,

David A. Johnson
Chairman and CEO"""""


Ciao, and Hook 'em Horns,
Capt-AWACS, Yankee Air Pirate


User currently offlineWGW2707 From United States of America, joined Aug 2003, 1197 posts, RR: 34
Reply 15, posted (10 years 11 months 1 day 17 hours ago) and read 4489 times:

This is extremely unfortunate. Hopefully they will be able to emerge. The CEO made it sound as though this would be a short term bankruptcy. BTW is it likely Great Plains stock will be cancelled?

-WGW2707


User currently offlineContrails From United States of America, joined Oct 2000, 1834 posts, RR: 0
Reply 16, posted (10 years 11 months 1 day 9 hours ago) and read 4371 times:

"Charter service only". Where have I heard that before?

This is a real bummer. I had hoped they would make it.




Flying Colors Forever!
User currently offlineKKMolokai From United States of America, joined Feb 2000, 760 posts, RR: 2
Reply 17, posted (10 years 11 months 1 day 8 hours ago) and read 4316 times:

Rumor has it, an unidentified firm wants to buy Great Plains, and part of the term was they'd have to file for bankruptcy by 23JAN. Again, this is just what I heard at work this morning.


We are the people of American Airlines. And we know why you fly.
User currently offlineLt-AWACS From , joined Dec 1969, posts, RR:
Reply 18, posted (10 years 11 months 1 day 6 hours ago) and read 4211 times:

THe local OKC paper said in a Tulsa dateline that the two 328Jets were withdrawn, almost a month ago, due to MX issues and the Engine repairs were delayed. I believe from reading this article it is a private company with no stock.

Ciao, and Hook 'em Horns,
Capt-AWACS, Uncle Sam's AWAX, the best shine for your jet


User currently offlineSunValley From , joined Dec 1969, posts, RR:
Reply 19, posted (10 years 11 months 1 day 6 hours ago) and read 4179 times:

Kkmolokai, I have heard this as well, and I do believe it is the group wanting to give re-birth to Cascade Airways.

User currently offlineMariner From New Zealand, joined Nov 2001, 25690 posts, RR: 85
Reply 20, posted (10 years 11 months 1 day 4 hours ago) and read 4073 times:
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I'm wondering what anyone would buy - other than the Air Operating Certificate, which would have a fair dollat value.

The planes are leased, the routes are available to anyone, the company is mortgaged to the hilt and has a deal of ill will attached to it. I have read that several of the city/states groups that gave the airline financial backing feel that they were misled.

But that AOC - now someone could be interested in that.

cheers

mariner



aeternum nauta
User currently offlineSunValley From , joined Dec 1969, posts, RR:
Reply 21, posted (10 years 11 months 1 day 4 hours ago) and read 4051 times:

Mariner, I do believe that the interested parties are only interested in the
operating certificate which does have value. The "rumor" will run rampant, but 2 carriers looking for an operating certificate right now are the group wanting
start the "new" Cascade Airways, and also Ed Beauvais and his airline out of PIT (which has been said to be called SkyAmerica) Other than that,
I'm sure the aircraft will be returned to their lessors. The operating certificate I believe is the one that the reborn Ozark had.


User currently offlineMariner From New Zealand, joined Nov 2001, 25690 posts, RR: 85
Reply 22, posted (10 years 11 months 1 day 3 hours ago) and read 4008 times:
Support Airliners.net - become a First Class Member!

SunValley:

We agree, but the potential bidders surprise me very slightly. Did Sir Richard Branson ever get his AOC for Virgin USA?

I wonder how much business there is out of OKC? Part of the problem (withe the backers) appears to be that Great Plains promised service to the coasts, but never delivered those routes.

Is OKC to LA or NYC viable?

cheers

mariner



aeternum nauta
User currently offlineOkie From United States of America, joined Jul 2003, 3188 posts, RR: 3
Reply 23, posted (10 years 11 months 1 day 3 hours ago) and read 3955 times:

Is OKC to LA or NYC viable?

Yes, but you have to have enough planes to have viable schedules. You can't have planes leave OKC-TUL in the am and go to the left or right coast and sit at the gate for 6hrs and then do the return trip, or as in the case of Great Plains have a Noon or so return flight.
They would hop into a market with hope/hype/and the blessing of the local communities and by the time I would find a reason to book a flight with them to that location they would have pulled out, it was like trying to hit a moving target. There schedules were not very business oriented as far as I was concerned. I just generally rely on later in the day return flights to OKC an just would not invest in another days lodging to take a 1:00 pm return flight unless of course maybe the Concorde or something.
They have had trouble everywhere they turned whether it be financing, or aircraft, but I have to admit they have plenty of optimism.

Okie


User currently offlineSunValley From , joined Dec 1969, posts, RR:
Reply 24, posted (10 years 11 months 1 day 3 hours ago) and read 3955 times:

Viable yes, but not with an airline like GP. It would have to be a
point to point operation through AA or CO or DL or something of that nature.
Filling 38 out of 50 seats on an CRJ 5 days a week would be reliant upon fairly high yield
fares. The OKC and TUL market have extremely high loyalty to frequent flyer mileage. There would be no feed to the flight & it would be completely reliant on O & D traffic to either market, so you wouldnt even have a fare dilusion of "something" for feed, just an empty seat that carries no revenue.One flight per day in those markets would not satisfy the business community-It would have to have a mulitple frequency. The state of OK would have been far better off to have subsidized a major operator to LA & NYC utilizing a CRJ or ERJ, rather than investing in a start up carrier such as Great Plains.


25 SegmentKing : I wonder how much money the Mid America Airport folks have lost.. didn't they have some level of subsidy for a while? -n
26 Post contains links Mariner : SegmentKing: There's an article in the St. Louis Post Dispatch which lays out some of the Mid America financial involvement. The url for the actual ar
27 MAH4546 : Is OKC to LA or NYC viable? Continental Express flies both OKC-EWR and TUL-EWR. American Airlines flew TUL-LAX for a while between 2000 and 2002.
28 Post contains images SprxflySWA : Maybe Southeast Airlines will star BLV flights. Or TransMeridian, Allegiant, Hooters, or another well established carrier!!
29 SprxflySWA : That is supposed to say starT! No disrespect to the above airlines, but it seems too many airports (BLV,GYY,YNG,RFD) are setting their sights too low
30 Freshlove1 : Ah yes if you are in financial trouble and can be had for a cheap price Johnathan Orienstein will buy you and "welcome" you into the MESA family. Just
31 Krags : Is OKC to LA or NYC viable? Yes, but not with some half assed attempt. Great Plains never had a solid schedule and didn't pick the best destinations t
32 Ouboy79 : A few thoughts on everything posted. Vacation Express to YNG is not meant for business flyers. It is for people who want to go to Orlando on...vacatio
33 Okie : I was wondering what were the technical problems were that they were having on the 328jet w/ pw306b engine. Was it something waiting on an engineering
34 Pilotpip : The story at BLV was that parts were simply not available. Great Plains was flying the crud out of their aircraft and had more on order. My manager is
35 Techrep : OPNLguy, Hello OPNLguy I am the person who worked at Fairchild/Dornier and Great Plains. Great Plains laid-off 127 employees and 47 now remain. I am s
36 LMP737 : Techrep: Hopefully things will work out for you. With your resume I'm sure someone will pick you up if you have to leave Great Plains. "God I love avi
37 SprxflySWA : Ouboy79, That is exactly my point. Why would a city's leadership waste time and money to lure such an airline operation? Why not try and get someone
38 Scottb : Ouboy79, The problem with the OKC-based carrier you propose is that many of those markets you list couldn't even support more one 70-seat RJ at a 70%
39 Okie : Scottb, I don't doubt your numbers there, but the online airport guide for OKC shows about 3.2 million passengers per year which maybe a streach from
40 Scottb : Okie- I only addressed the markets that Ouboy79 listed (i.e. the ones that are "underserved" with respect to non-stops). Most of OKC's biggest markets
41 Paulinbna : I really liked there color scheme It would change from blue to purple depending on the way the light hit it. I have one picture on the DB of them [Edi
42 Post contains links and images Paulinbna : Here it is: View Large View MediumPhoto © Paul Robbins
43 Okie : Thanks for the help there Scottb, the numbers make more sense now. I went through the airport Monday the 26th out on Mesaba/NW which is right next to
44 SprxflySWA : As of Wednesday, there was still a Great Plains sign on the US Airways baggage carousel at IAD. It is not attached, so maybe someone should "acquire"
45 Post contains links Okie : here we go, but does not say anything in particular about Great Plains http://biz.yahoo.com/djus/040130/1408000807_1.html
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