- Heartland Airlines
Infobox Airline
airline = Heartland Airlines
IATA = N/A
ICAO = N/A
callsign = N/A
parent = Heartland Airlines LLC
fleet_size = 0
destinations = N/A
founded = 1998
headquarters = Dayton,Ohio
key_people =John Weikle (President)
hubs =Dayton International Airport
website = N/AHeartland Airlines is a defunct
airline that planned to fly out of Dayton International Airport. While the airline existed for 3 years, no flights ever took place and no planes were ever purchased.History
The airline was created in
1998 by John Weikle, a 20-year veteran atAirborne Express . Plans were to cater to business travelers, offering amenities such as plush leather seating and dinner served on real china. The airline would travel to other business centers in the midwest region. Heartland announced they would cease operations onFebruary 9 ,2001 , however, after failing to raise enough funds from investors.Funding problems
The first round of fund-raising started in
1999 , and collected $6 million in about one year. A second round of funding began shortly thereafter, with the goal of $55 million. This proved problematic for Heartland, though, which was only able to raise $35 million from local investors. Last-minute efforts to raise enough capital included securing a $10 million loan from the Ohio state legislature, but all measures failed. [cite web
authorlink =http://findarticles.com
title =Heartland Airlines Grounded by Funding Woes
publisher =findarticles.com
date =2001
url =http://findarticles.com/p/articles/mi_hb4347/is_200102/ai_n15183778
accessdate =2007-04-14 ] With no way to continue operations, Heartland Airlines returned all $35 million dollars to their investors. [cite news
last =Kemper
first =Kevin
title =Heartland Airlines grinding to complete stop?
url =http://dayton.bizjournals.com/dayton/stories/2001/04/02/story3.html
pages =
language =English
publisher =Dayton Business Journal
date =2001-04-02
accessdate =2007-07-23 ]External links
References
Wikimedia Foundation. 2010.
