Update: Pulling out of Indiana
From Cape Air's internal website:
"Indiana Officials Make Final Decision on Cape Air Service
Evansville is joining South Bend and opting not to renew the current subsidy. Without a guaranteed revenue stream in place for these routes it is not fiscally prudent to continue the Indiana service. Therefore, effective September 01, 2008 our Indiana service will terminate, aircraft will shift to the increasingly busy routes in the Caribbean and all Indiana Cape Air employees will be offered positions in other regions of the company.
We thank the entire Indiana crew for all of their efforts.
Cape Air is continuing in a growth mode with several new subsidized routes in upstate New York, ready to launch in the fall. These are two year commitments, that we expect to do quite well."