Great Plains dead?

[skydog]

What's the latest o Great Plains? Last I heard was of the training class being sent home during training. Any news from current Great Painer's?

 

[Swaayze]

Two line pilots furloughed mid-March. COS closed to run AUS service. Rumors abound about receiving 328Props soon, or AvroJets, or the 4 jets originally scheduled, or any combination of the above. Deep in debt with various payment deadlines popping up and so far they've come up with money somehow I guess. No communication from management whatsoever, so who really knows?

 

[skydog]

So what it sounds like is that if they are able to secure financing, which would allow them to get more aircraft, they'll continue. I guess I'm basing this on the fact that if someone gives them money for financing more planes, they assume Great Plains will be around to pay it back......

 

[Swaayze]

That's sorta the deal. Supposedly there's a good chunk of cash in escrow that will be released in the event that new airplanes are acquired (assumption: new airplanes lead to profits), thereby allowing continued operations. But this is basically hearsay. I know nothing.

 

[atpcliff]

Hi!

I can confirm they're not dead yet! I just heard one last night with Ft. Worth? center while flying down to TX.

The buffalo logos are cool!

Cliff
GRB

 

[328dude]

Great Plains is still doing some of our (PSA) C checks on the Dork's. They still have some cash coming in as a result but there is only 2 airplanes left after they complete this one.

They were doing Air Whiskeys planes as well, but have comleted all of theirs. After they finish with us, who knows.

 

[skydog]

Swaayze, I assume the 2 new Dork Jets that were on the ramp last month are still sitting there and not in service, meaning you are still operating the original 2 aircraft for normal line ops???

 

[Swaayze]

The 2 new aircraft were moved to OKC a few weeks ago. 2 jets operating still.

The maintenance company is doing great. C checks (for now) and contract maint. for SWA and I think UAL, and talking to others in TUL. Unfortunately they can't carry us forever.

I saw a news report last night indicating that a private financing deal is near and 5 new airplanes (sounds like the prop rumor) are coming. Sounded like a done deal. We'll see.