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Airlines

Name: WESTERN PACIFIC AIRLINES
7JetSet7 Code: WPA
Status: Currently Not Operational
Region: NORTH AMERICA
City: COLORADO SPRING
Country: USA
Employees 1200
Web:
Email:
Telephone:
Fax:
Sita:
Background
(definitions)

STARTED OPERATIONS IN APRIL 1995. $25 MILLION PRIVATE INVESTORS.
DOMESTIC & REGIONAL SCHEDULED & CHARTER, PASSENGER & CARGO, JET AIRPLANE SERVICES.

JANUARY 1996: TO ATLANTA NON-STOP. 17TH DESTINATION.

10 YEAR MAINTENANCE & ENGINEERING CONTRACT WITH BF GOODRICH (BFG).

333K PAX (287K). 1,200 EMPLOYEES (INCLUDING 120 FLIGHT CREW (FC) & 131 CABIN ATTENDANTS (CA)).

MARCH 1996: NEW MAINTENANCE HANGAR CONSTRUCTION STARTED.

1M PASSENGERS (PAX). TO NASHVILLE, SAN ANTONIO, SAN JOSE. NOW SERVES
20 CITIES.

TO TRAMCO FOR "C" AIRPLANE MAINTENANCE CHECKS.

NOW BUYING 1ST AIRPLANE, 737-300 (PM383) EX-AVENSA AVN (24463), 1 737-300 (23787), EX-AVIATECA (AVT).

APRIL 1996: $700 MILLION 20 ORDERS 737-300S. CORPORATE LOGOJET IS 737-3L9 (23331), EX-AIR EUROPA (ARE).

NEW ROUTES TO SAN ANTONIO, SAN FRANCISCO (SFO), & SAN DIEGO.

1ST YEAR BIRTHDAY!

2 727-200'S (22538; 22539), EXPRESS ONE INTERNATIONAL (EOI) WET-LEASED UNTIL SEPTEMBER.

JUNE 1996: 2 737-300'S (PM383 & PP393). 15 737'S. 15 737-300'S TO 20 DESTINATIONS.

TO ORLANDO IN SEPTEMBER.

JULY 1996: SUBSIDIARY COMMUTER AIRLINE - MOUNTAIN AIR EXPRESS WITH DORNIER 328 TURBOPROPS SERVING HUB FROM DURANGO, TELLURIDE/MONTROSE, STEAMBOAT SPRINGS/HAYDEN, ASPEN, EAGL/VAIL, AND GUNNISON/CRESTED BUTTE. WESTERN PACIFIC AIRLINES (WPA) OWNS 57%.

AUGUST 1996: 1 737-300 (24299), EX-MONARCH AIRLINES (MON), (ILF) 10 YEAR LEASED.

SEPTEMBER 1996: ROGER GALLION, MAINTENANCE MANAGER.

1,300 EMPLOYEES (INCLUDING 137 FLIGHT CREW (FC), & 216 CABIN ATTENDANTS (CA)).

OCTOBER 1996: TO ONTARIO, CALIFORNIA, & ORLANDO, 22 NONSTOPS.

3RD QUARTER = -$.910 MILLION FROM INCREASED FUEL PRICES AND REIMPOSITION OF 10% TICKET TAX, COMPETITOR PRICING WARS. 57.5% LF (LOAD FACTOR) (-10).

$246 MILLION 6 ORDERS 737-300, 138Y PAX WITH 6 OPTIONS 737-700'S.

NOVEMBER 1996: ED BEAUVAIS, PRESIDENT & (CEO), IS STEPPING DOWN AFTER BUILDING WESTERN PACIFIC AIRLINES (WPA) INTO A NATIONAL AIR CARRIER IN JUST 19 MONTHS. JUST TURNED 60, HE WILL REMAIN AS CHAIRMAN OF (WPA), WHICH HE BROUGHT TO LIFE IN APRIL 1995 WITH $28 MILLION PRIVATE INVESTMENT. HE ADDED $61 MILLION TO ITS BALANCE SHEET THROUGH A PUBLIC STOCK OFFERING IN DECEMBER 1995.

SERVES 23 CITIES.

SELECTS FLIGHT DYNAMICS FOR HEAD-UP GUIDANCE SYSTEM (HGS) FOR ALL 737'S.

OPENED NEW 23,100 SQ FT MAINTENANCE HANGAR.

ED PEISER, PRESIDENT & (CEO), EX-(TWA) (COO).

DECEMBER 1996: TO MIAMI (737-300).

JANUARY 1997: TO LAS VEGAS, SAN ANTONIO, NASHVILLE, AND
ONTARIO, CALIFORNIA.

4TH QUARTER = -$20.9 MILLION (NET LOSS).

MARTIN WAX, VP TECHNICAL OPERATIONS. JUDSON GROVE, DIRECTOR QUALITY ASSURANCE RESIGNS & REPLACED BY ROGER GRAY. RICHARD VERNON, MANAGER QUALITY CONTROL RESIGNED TO JOIN FEDEX (FED).

SIGNS $46 MILLION CONTRACT WITH PEROT SYSTEMS COMPUTER INFORMATION TECHNICAL SERVICES & BUSINESS TRANSFORMATION COMPANY IN DALLAS FORT WORTH (DFW) FOR INSTALLATION OF INTRANET PRODUCTS.

MAY 1997: NEXT MONTH TO MOVE 70% OF FLIGHTS FROM COLORADO SPRINGS TO DENVER.

1ST 737-300 FROM BOEING.

POSSIBLE FRONTIER AIRLINES (FRO) MERGER?

JUNE 1997: "ENTREPRENEUR" MAGAZINE AWARDS WESTERN PACIFIC AIRLINES (WPA) "BEST LOW-FARE START-UP AIRLINE."

2 737-33R (28869; 28870) DELIVERIES.

JULY 1997: MERGING FRONTIER AIRLINES (FRO) (31%) WITH BOB PEISER, (CEO), SAM ADDOMS, AS CONSULTANT. COMBINED FLEET OF 34 737'S. BY THE END OF 1997, TO SERVE 29 MARKETS FROM DENVER, 101 DAILY DEPARTURES, TO KEEP HQ IN COLORADO SPRINGS. BOB DOLL, SENIOR DIRECTOR, MAINTENANCE & ENGINEERING RESIGNS.

1 737-300 DELIVERY.

1996 = -$21.83 MILLION (-$6.21 MILLION).

FORMER OWNER ED BEAUVAIS TRYING TO WIN BACK AIRLINE CONTROL.

SEPTEMBER 1997: JON BARTRAM, VP MAINTENANCE & ENGINEERING.

OCTOBER 1997: TERMINATES MERGER WITH FRONTIER AIRLINES (FRO) AND CODE SHARE DUE TO AIRLINE EMPLOYEE ANIMOSITY & UNABLE TO AGREE ON SENIORITY AND DIFFERENCES IN CULTURE.

1,200 EMPLOYEES.

ANNOUNCES BANKRUPTCY FOLLOWING RESIGNATION OF HUNT AND GAYLORD FAMILIES WHO OWN 30%. FILED CHAPTER 11.

HAS 19 737'S INCLUDING 15 LEASED.

ED REISER, (CFO), EX-(TWA).

NOVEMBER 1997: SELLS AND LEASES 737-300 FROM STERLING (STR).

3RD QUARTER = -$21 MILLION (-$.91 MILLION): 61.3% LF (+3.8), DUE TO MOVE FROM COLORADO SPRINGS TO DENVER AND TERMINATED FRONTIER AIRLINES (FRO) MERGER ATTEMPT. MAINTENANCE & REPAIR COSTS $7.25 MILLION ($2.72 MILLION). ALSO 57% STAKE IN MOUNTAIN AIR EXPRESS, WHO FILED FOR BANKRUPTCY.

DON MONTEATH, SENIOR VP TECHNICAL OPERATIONS.

ONLY OWNED 737-300 (PM383) FOR SALE. WILLING TO GIVE UP BUYING RIGHTS TO 2 ORDERED 737-300'S.

DECEMBER 1997: FRONTIER AIRLINES (FRO) OFFERS TO TAKE OVER PART OF WESTERN PACIFIC AIRLINES (WPA) (AIRPLANES), BUT LATER WITHDREW WHEN SMITH MANAGEMENT COMPANY (SMC) INJECTED $10 MILLION INITIALLY TO GET OK FROM USA BANKRUPTCY COURT FOR DEBTOR-IN-POSSESSION & REORGANIZATION FINANCING. ALSO $5 MILLION FROM SALE OF 737 LAST MONTH TO COVER NET DEBT.

ROGER GRAY, DIRECTOR QUALITY RESIGNS TO JOIN FEDEX (FED), REPLACED BY BOB RAMSER.

JANUARY 1998: BOARD REMOVES ED BEAUVAIS (FOUNDER) CHAIRMAN @ $350,000/YEAR. HE DISAGREED WITH BOB PEISER, PRESIDENT, ON MOVE FROM COLORADO SPRINGS TO DENVER & OVER SCHEDULING/FREQUENCY.

1997 = 1.992 BILLION RPM (PASSENGER TRAFFIC) (+31.3%), +34.2% (ASM) (CAPACITY), 56.9% LF (LOAD FACTOR) (-1.3), 2.217 MILLION PASSENGERS (PAX) (+25.4%). USA MARKET SHARE 1997 = 16TH 0.33% (RPM), 25TH LF.

737-3YO (24463) RETURNED TO STERLING (STR).

FEBRUARY 1998: CEASES OPERATIONS.

MARCH 1998: SOUTHWEST AIRLINES (SWA) BUYS 3 737-300'S.

JUNE 1998: SOUTHWEST AIRLINES (SWA) BUYS 5TH 737-300. SELLS CERTIFICATE TO STAR AIR TRADING FOR $350,000. TO BE ASSIGNED TO BLUE LINE HOLDINGS WHO PLAN TO RESTART AIRLINE SERVICE.

Fleet:
(definitions)

June 1998:

13 737-300 (CFM56-3), LSD, 5 TO (SWA).

0 737-300 (CFM56-3) (24463; PM383) EX-(AVN), RETURNED TO (STR).

1 737-300 (CFM56-3B2) (23787), EX-(AVT), (TAC) 7 YR LSD.

2 737-33R (CFM56-3) (28869, 70), 138Y.

Management:
(definitions)

ED BEAUVAIS, CHAIRMAN (REMOVED BY BOARD 1998-01).

ED PEISER, PRESIDENT & (CEO), EX-(TWA) (COO) (1996-11).

DON MONTEATH, SENIOR VP TECHNICAL OPERATIONS (1997-11).

MARTIN WAX, VP TECHNICAL OPERATIONS.

JON BARTRAM, VP ENGINEERING & MAINTENANCE (1997-09).

DONALD APPLEGARTH, VP INFORMATION TECHNOLOGY.

BOB DOLL, SENIOR DIRECTOR MAINTENANCE & ENGINEERING (RESIGNED 1997-07).

JUDSON GROVE, DIRECTOR QUALITY ASSURANCE (RESIGNED 1997-04).

BOB RAMSER, DIRECTOR QUALITY ASSURANCE (1997-12).

TOM JASPERSON, DIRECTOR MAINTENANCE.

OSCAR HARWOOD, MANAGER QUALITY ASSURANCE/MAINTENANCE CONTROL.

RICHARD VERNON, MANAGER QUALITY CONTROL/TRAINING (RESIGNED 1997-04).

DICK SASSE, SUPERVISOR ENGINEERING PROJECTS.

ROGER GALLION, MAINTENANCE MANAGER (1996-09).

RON HERKSTROETER, MAINTENANCE SUPERVISOR.

JOHN ECKBERG, MAINTENANCE CONTROL SUPERVISOR.

JAN VERNON, MAINTENANCE RELIABILITY SUPERVISOR.

 
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