Eastwind Airlines

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Eastwind Airlines
IATA
W9
ICAO
BBE
Callsign
Stinger Bee
Founded 1995
Hubs Trenton, NJ/Greensboro, NC
Fleet size 7
Destinations 11
Headquarters Trenton, NJ/Greensboro, NC
Key people Jim McNally
Website: Eastwind Airlines (defunct)

Eastwind Airlines was a start-up airline formed in mid-1995 and headquartered in Trenton, New Jersey, and later in Greensboro, North Carolina. It was conceived by Jim McNally, a former Price Waterhouse analyst who had headed that firms recovery teams when several other airlines sought management and investment help. McNally's paper airline found a benefactor in UM Holdings, a Haddonfield New Jersey-based investment company, which provided investment capital.

Contents

[edit] Destinations

The airline had destinations across the East Coast of the United States including:[1]

[edit] Fleet

At the height of the airline's operation in 1998, it operated a fleet of:

and

[edit] Financial Problems

Due to the short runway at Trenton-Mercer Airport, the airline served Philadelphia for a short time, but consolidated their flights back to Trenton, New Jersey in early 1999 when Delta Air Lines terminated their contract to handle ground services.

By 1999, the airline faced some perfrormance concerns as well as financial trouble. In July 1999, the airline terminated several senior managers including its CEO. [2]

The financial problems were exacerbated by the purchase of two new Boeing 737-700 aircraft in 1997. Service issues created tension with its customers, resulting in large numbers of complaints filed with the FAA [3]. In 1999, two passengers in Greensboro who feared being stranded in Greensboro refused to get off an airplane forcing the pilot to call authorities. [4]

While the airline's management refused to file for bankruptcy, in October 1999, three creditors filed a petition for involuntary bankruptcy in an effort to force the airline to liquidate. The airline ceased operations not long afterwards.

[edit] References

  1. ^ [1]
  2. ^ [2]
  3. ^ [3]
  4. ^ [4]

[edit] External Links