Monday, January 19, 2009
Mesa Air Group Receives New Nasdaq Letter
Mesa Air Group received yet another letter from Nasdaq January 5 citing the company’s failure to meet filing requirements and calling for it to be delisted from Nasdaq. However, MAG has 60 days to submit a plan to regain compliance. Following review of this plan, the Nasdaq staff can grant an exception, up to 180 calendar days from the date of the Periodic Report, or until June 29, 2009, to regain compliance. The Notice arises as a result of Mesa's failure to timely file its Form 10-K for the fiscal year ended September 30, 2008.
Great Lakes Expands
The new schedule for Great Lakes Airlines includes new service to Glasgow, Glendive, Havre and Wolf Point, Wyo., the carrier announced. The new service returns commercial service to the four airports after service was suspended with the shut down of Big Sky Airlines last year which had served the airports for three decades. Great Lakes was awarded Big Sky’s essential air service routes. New service previously begun last year replacing Big Sky at Sidney, Lewiston and Miles City are growing according to the airline.
ASA Pilots Furloughed
After announcing it is adding 10 CRJ 900s to replace 20 CRJ 200s, Atlantic Southeast said for the first time in its history its is being forced to layoff of 80 members of its 1,700-member pilot corps citing the economy which is driving down demand. Delta already announced it plans to reduce its capacity by another six to nine percent this year, on top of the cuts made last year. The move, effective February 9, is restricted to the pilot corps but the company has also offered voluntary retirements and leaves company wide.