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Game Over, Gulfstream!

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Ty Webb

Hostage to Fortune
Dec 10, 2001
For the past 20 years, the worst offender in the race to the bottom, as we all know, has been Gulfstream Int'l Airlines, a ragtag B1900 operator which, instead of interviewing and hiring professional First Officers, came up instead with a novel idea- to actually charge inexperienced pilots $20,000. in exchange for the dubious privilege of playing First office for 250 hours. Truly a despicable practice.

Well, it looks like the fat lady is about to sing. GIA will no longer be the corn in Continental's poop any longer:

FORT LAUDERDALE, Fla., May 6, 2010 (GLOBE NEWSWIRE) -- Gulfstream International Group, Inc. ("Gulfstream") (NYSE Amex:GIA) announced today that the auditor's report received from its independent registered public accounting firm on its financial statements for the fiscal year ended December 31, 2009 contained a going concern disclosure. Gulfstream's financial statements, including the auditor's report, were included in Gulfstream's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2010.

This announcement is required by Section 610(b) of the NYSE AMEX Company Guide, which requires a listed company that receives an audit opinion that contains a going concern disclosure to make a public announcement of such through the news media. This announcement does not represent any change or amendment to Gulfstream's financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2009.

About Gulfstream International Group, Inc.

Gulfstream is a regional air carrier based in Fort Lauderdale, Florida, operating for 20 years. The Company specializes in providing travelers with access to niche locations not typically covered by major carriers. Gulfstream International Airlines, Inc. operates approximately 150 scheduled flights per day, serving nine destinations in Florida, ten destinations in the Bahamas, five destinations from Cleveland under the Department of Transportation's Essential Air Service Program and charter service to Cuba and the Bahamas. For more information on the company, visit the company's website at http://www.gulfstreamair.com.
Is Continental their only code share? What portion of their buisness is Continental?
Am I missing something here? This does not mean that GIA is going away just an opinion that financials are poor.?
you stupid ignorant embarrasment...... why dont you look up what it means first, so you dont look like such an ass (after putting down people who work there... you know trying-their best to make a living and feed their families)

(wikipedia definition) "In accounting, "going concern" refers to a company's ability to continue functioning as a business entity (concern being an early-20th century term for "business" or "enterprise")."

i'll post other definitions too if you like.

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