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 email@example.com.
David A. Johnson
Chairman and CEO"""""
Ciao, and Hook 'em Horns,
Capt-AWACS, Yankee Air Pirate