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Accessair Holdings, Inc. (Certificate of Public Convenience, Interstate and Overseas Scheduled)
OST-96-1926 / Filed November 4, 1996
Initial pattern of service will be to connect Des Moines, the Quad Cities, and Wichita to Los Angeles and New York. Thereafter, and well within the first year of operations, intends to provide service between Iowa and Washington, DC, and between Iowa and San Francisco. Will use B-737-200 equipment.
The Applicant can expect some competition from Vanguard in Des Moines and Wichita. Vanguard offers one-stop service to Los Angeles and San Francisco through Kansas City. Virtually all of these flights require passengers to change planes in Kansas City. Moreover, although Vanguard offers low-priced service on a one-stop basis, the number of seats available for sale in Des Moines and Wichita to these markets appears to be roughly 20 % of the total number of seats available on these flights.
Subpart Q, Answers are due by December 2, 1996
Counsel: Wilmer Cutler and Davis Brown Koehn (Des Moines, IA)
AccessAir Holdings, Inc. (Certificate of Public Convenience, Interstate/Overseas, Scheduled)
OST-96-1926 / Filed January 21, 1997
Supplement
No. 1 to the Applicaiton
Summary
Section | Risk Factors
| Investment Considerations
| Business Forecasts
| Use of Proceeds | Forecasted
Selected Financial & Operating Data | Capitalization
| Management | Stock
Ownership of O&D and Principle Shareholders | Executive
Compensation | Financial
Assumptions | Forecast
Financials | Financial
Statements as of July 31, 1996
The Department requested a copy of the Applicant's private placement memorandum and a letter of commitment from a selling agent that is willing to underwrite the Applicant's proposed private placement offering. The Department also indicated a need for evidence confirming the availability of capital in the form of economic development grants, job training assistance, and asset based debt to be used for initial operating capital.
Counsel: Wilmer Cutler, Jeffrey Shane, 202.663.6000 / Davis Brown, Donald Brown, 515.288.2500
Filings by Carrier and Service Proceeding | Front Page | Search