From Crain’s Cleveland Business
Gulfstream International Group Inc. (AMEX: GIA), a Florida-based operator of a fleet of commuter aircraft, said it will receive $8.5 million in federal subsidies under the Essential Air Service Program for flights between five small communities and Cleveland.
The U.S. Department of Transportation has awarded the company new, two-year contracts as the Essential Air Service provider for the communities of Bradford, Pa.; DuBois, Pa.; Franklin/Oil City, Pa.; Parkersburg, W. Va.; and Jamestown, N.Y. Gulfstream operates flights from all five cities to Cleveland.
The Essential Air Service Program was instituted to ensure that small communities previously served by certified air carriers before deregulation maintain a minimal level of scheduled air service. The Department of Transportation currently subsidizes commuter airlines to serve approximately 140 communities across the country that otherwise would not receive any scheduled air service.
In commenting on the contracts, David Hackett, CEO of Gulfstream, said in a statement, “We believe we provide the right fit to these communities; as a niche operator with a unique aircraft size, we are able to efficiently connect these smaller markets to expanded air service. We strive to offer excellent customer service in all our markets, and will continue to seek out new markets for growth, particularly those represented by the Essential Air Service Program.”