Wednesday, July 26, 2006

FYI...

http://www.grandforks.com/mld/grandforks/news/15120575.htm

Saturday, July 22, 2006

Sun Country Deal In Limbo?

We suspected that this item had a more meaningful connection with the equity sale and it appears to be true. Stevens claims to have preemptive rights under his shareholder agreement. The question is whether he actually has the rights or not and if so, will he raise the money. The bottom line, however, is that Sun Country appears to be in line for a relatively small equity infusion, we just do not know from whom it will come.

Friday, July 21, 2006

Petters Finishes What He Started...Sun Country Acquisition Moves Forward

As reported here, Tom Petters, a non-airline businessman from Minnesotta, and his partners have set the wheels in motion to buy Sun Country.

Petters' previous attempts to buy Sun Country did not materialize.

Tuesday, July 18, 2006

Destination One

We had not heard of them and they're not to be found in the dockets. We like the idea of Lakefront and Detroit City, but without the right capitalization critical mass will be difficult to achieve.

Sunday, July 16, 2006

Hooters' Brooks Dies

Hooters' Bob Brooks died Sunday.

Thursday, July 13, 2006

Memo to Skybus: Columbus is Not Underserved

We're on the record on multiple occasions saying that we love the cost side of the Skybus plan, but they need to find a way to dig them out of the mess that Columbus would be for them. Today Jetblue announced that they are headed to CMH.

Tuesday, July 11, 2006

Primaris Still Around But...

It's old news now, but Primaris has canceled its Boeing order. Any startup that allocates the significant resources that it takes to deal with Boeing and Airbus to the point of placing an order before raising its capital does not understand how to build an airline (not to mention that they tried to get publicity to create "buzz" in an attempt to raise capital...there is nothing more lame than that). The signs are not good and we are not at all fond of the business plan, but we wish them luck.

Monday, July 10, 2006

Boston-Maine Takes It on the Chin

First there was this...
The DOT came down hard on BMAC in its latest letter to BMAC's attorney.

The letter says that the DOT had been waiting for the still unissued ruling of the IG regarding fraud allegations before making a decision to allow for additional aircraft into its fleet, but decided that waiting for the IG was not necessary because BMAC would be declined the requested authority based on its poor financial condition. Ouch.

Then came this shot...
for not being nice to its customers.

Saturday, July 08, 2006

CQ Still Poking Around

They have not fallen off the radar screen. They are up and about, but are in a state of declining credibility with their stakeholders right now.

Thursday, July 06, 2006

We agree... ; )

Interesting article in Travel Weekly. (free subscription required)

Our Computer Crashed

But we're back now. It's always something...