Iflyamouse
Is it time for lunch yet?
- Joined
- Jul 24, 2002
- Posts
- 129
Go Jets has their certificate!
http://www.stltoday.com/stltoday/business/stories.nsf/0/76F326E1AB2253B786257084001C9662?OpenDocument
************************* gets go-ahead
Startup carrier ************************* Airlines of Bridgeton has received clearance from federal regulators to begin flying for United Express, setting the stage for a local operation that eventually will employ 500 pilots, mechanics and flight attendants.
"The planes are painted and they're ready to go," ************************* spokesman Bill Mishk said on Wednesday. The initial flights are scheduled for the first week of October.
The Federal Aviation Administration awarded ************************* its operating certificate - N6WA249L - on Tuesday to fly 70-seat planes. That's an upgrade for St. Louis travelers used to flying on 50-seat United Express regional jets out of Lambert Field.
Initially, ************************* will operate about a dozen daily flights, most of them from Lambert Field to Denver and Chicago, Mishk said. By the end of the year, that daily total will grow to 60 flights, with about 18 from St. Louis. http://oascentral.stltoday.com/Real...3323938356330?http://newsletters.stltoday.com
In April, United Airlines announced a deal with SkyWest Airlines and ************************* to provide about 30 aircraft under the United Express banner by the first quarter of 2006.
*************************'s opportunity materialized when Air Wisconsin ended its relationship with United Express and took a stake in US Airways.
************************* is a subsidiary of Trans States Holdings Inc., the Bridgeton-based parent company of Trans States Airlines, which carries passengers for AmericanConnection, US Airways Express and United Express.
Transportation Department filings show that ************************* will be funded with $15 million from Trans States Holdings. The investment includes $5 million in equity and a $10 million loan. That money will be used to fund aircraft deposits with Bombardier and cover *************************'s pre-start expenses.
Through an irrevocable trust, Hulas Kanodia holds 60 percent of the stock of *************************'s parent company. The three children of Kanodia, the chairman of Trans States Holdings, hold the remaining 40 percent through a series of trusts, according to federal filings.
Because of its contract with American Airlines, Trans States is limited to flying planes with 50 seats or less.
The holding company set up ************************* to tap the growing demand for larger regional jets. ************************* has an order for 10 Bombardier CRJ700 regional jets, whose first six rows offer passengers more leg room.
The Bombardier order is valued at $317 million, but that could rise to $1.6 billion if ************************* exercises an option to buy 40 more planes.
************************* currently employs about 250 people, including 60 pilots who are without union representation. The airline received its operating certificate in about nine months. Other regional carriers have waited up to three years, Mishk said.
http://www.stltoday.com/stltoday/business/stories.nsf/0/76F326E1AB2253B786257084001C9662?OpenDocument
************************* gets go-ahead
By Tim McLaughlin
ST. LOUIS POST-DISPATCH
09/21/2005ST. LOUIS POST-DISPATCH
Startup carrier ************************* Airlines of Bridgeton has received clearance from federal regulators to begin flying for United Express, setting the stage for a local operation that eventually will employ 500 pilots, mechanics and flight attendants.
"The planes are painted and they're ready to go," ************************* spokesman Bill Mishk said on Wednesday. The initial flights are scheduled for the first week of October.
The Federal Aviation Administration awarded ************************* its operating certificate - N6WA249L - on Tuesday to fly 70-seat planes. That's an upgrade for St. Louis travelers used to flying on 50-seat United Express regional jets out of Lambert Field.
Initially, ************************* will operate about a dozen daily flights, most of them from Lambert Field to Denver and Chicago, Mishk said. By the end of the year, that daily total will grow to 60 flights, with about 18 from St. Louis. http://oascentral.stltoday.com/Real...3323938356330?http://newsletters.stltoday.com
In April, United Airlines announced a deal with SkyWest Airlines and ************************* to provide about 30 aircraft under the United Express banner by the first quarter of 2006.
*************************'s opportunity materialized when Air Wisconsin ended its relationship with United Express and took a stake in US Airways.
************************* is a subsidiary of Trans States Holdings Inc., the Bridgeton-based parent company of Trans States Airlines, which carries passengers for AmericanConnection, US Airways Express and United Express.
Transportation Department filings show that ************************* will be funded with $15 million from Trans States Holdings. The investment includes $5 million in equity and a $10 million loan. That money will be used to fund aircraft deposits with Bombardier and cover *************************'s pre-start expenses.
Through an irrevocable trust, Hulas Kanodia holds 60 percent of the stock of *************************'s parent company. The three children of Kanodia, the chairman of Trans States Holdings, hold the remaining 40 percent through a series of trusts, according to federal filings.
Because of its contract with American Airlines, Trans States is limited to flying planes with 50 seats or less.
The holding company set up ************************* to tap the growing demand for larger regional jets. ************************* has an order for 10 Bombardier CRJ700 regional jets, whose first six rows offer passengers more leg room.
The Bombardier order is valued at $317 million, but that could rise to $1.6 billion if ************************* exercises an option to buy 40 more planes.
************************* currently employs about 250 people, including 60 pilots who are without union representation. The airline received its operating certificate in about nine months. Other regional carriers have waited up to three years, Mishk said.