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NW directors resign from MAIR/Mesaba

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vc10

Well-known member
Joined
Apr 7, 2003
Posts
377
MAIR Holdings Announces Changes to
Board of Directors

MINNEAPOLIS--(BUSINESS WIRE)--Sept. 5, 2003--MAIR Holdings, Inc.
(Nasdaq:MAIR), today announced that two board members, Richard
Anderson and Douglas Steenland, have resigned from the board today to
focus their attention on Northwest Airlines. Anderson is chief
executive officer and Steenland is president of Northwest Airlines.
"We thank Richard and Doug for their long and valuable service to
the board and to the company," said Carl Pohlad, MAIR Holdings
chairman of the board of directors.
There are no immediate plans to replace these directors. MAIR's
board of directors consists of Pohlad; Paul Foley, MAIR Holdings
president and chief executive officer; Donald Benson, executive vice
president and director, Marquette Financial Companies; Pierson Grieve
of Palladium Equity Partners; Robert Pohlad, chairman and chief
executive officer, PepsiAmericas; and Raymond Zehr, executive vice
president, Pohlad Companies.
About the Company
MAIR Holdings' primary business units are its regional airline
subsidiary Mesaba Aviation, Inc., d/b/a Mesaba Airlines, and its
regional airline subsidiary Big Sky Transportation Co., d/b/a Big Sky
Airlines. MAIR Holdings, Inc. is traded under the symbol MAIR on the
NASDAQ National Market. More information about MAIR Holdings is
available on the Internet at http://www.mairholdings.com.
Mesaba Aviation operates as a Northwest Jet Airlink and Airlink
partner under service agreements with Northwest Airlines. Currently,
the airline serves 109 cities in 28 states and Canada from Northwest's
and Mesaba Aviation's three major hubs: Detroit, Minneapolis/St. Paul,
and Memphis. Mesaba Aviation operates an advanced fleet of regional
jet and jet-prop aircraft, consisting of the 69 passenger Avro RJ85
and the 30-34-passenger Saab SF340. Mesaba Aviation maintains a web
site at http://www.mesaba.com.
Big Sky serves 20 cities in Montana, North Dakota, Washington,
Colorado and Idaho using 15 Fairchild Metro III, 19 seat aircraft. Big
Sky is based in Billings, Montana and has codeshare agreements with
Northwest Airlines, Alaska Airlines, America West Airlines and Horizon
Airlines. Big Sky maintains a web site at http://www.bigskyair.com.
Big Sky is a significant provider of air service under the Essential
Air Service program administered by the Department of Transportation.
Forward-Looking Statements
This news release contains forward-looking statements that are
based on the best information currently available to management. These
forward-looking statements are intended to be subject to the safe
harbor protections of the Private Securities Litigation Reform Act of
1995. There can be no assurance that actual developments will be those
anticipated by the Company. Actual results could differ materially
form those projected as a result of a number of factors, some of which
the Company cannot predict or control. For a discussion of some of
these factors, please see Item 1 of the Company's Form 10-K for the
year ended March 31, 2003.
--30--SH/ms*
CONTACT: MAIR Holdings, Inc., Minneapolis
Media Contact:
Laura Anders, 612-337-0354
or
Investor Contact:
Bob Weil, 612-333-0021


TodINDUSTRY KEYWORD: AEROSPACE/DEFENSE TRAVEL TRANSPORTATION AIRLINES
MANAGEMENT CHANGES
SOURCE: MAIR Holdings, Inc.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com


(c) 2003 Business Wire

Fri Sep 5 21:33:01 2003 -GMT- pnac (nBSW955472) = 1 21:33
 
When was the last time you heard of an executive being too busy to be on the BOD for any company? Not to mention the same executives of the parent company at the same time?

My guess, I smell a sell-off. Who knows, but I'm sure it will not be good for the employees of either Mesaba or NWA. I hope that I am wrong...
 
I wish I worked at CHQ now. Hold on fellas, here comes the pain.
 
Very interesting.
 

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