Quote:
Originally Posted by TiredSoul
Still heard Swift operating out of CVG the other night.
To:
From:
Date:
Re:
All iAero Airways Employees
Tim Rainey, President
December 8, 2023
Organization Update
We have had an unfortunate set of circumstances the past two months that has resulted in the significant loss of reven iAero Airways. First, our customer CSI reduced our flying in IWA in October and have advised us they will not be iAero Airways to serve Harlingen, TX effective Jan 1st. Secondly, we have taken two aircraft out of service due to on negotiations with a heavy maintenance provider. As we reported last month, we also did not renew the contract wit Cuba Service Providers (CSP) due to unprofitable flying.
We have been able to replace some of the CSP and CSI flying with CBP and DOD flying, but our current revenues ar meeting our ongoing expense levels at this time. Thus, we have been forced to make the difficult decision to eliminate at iAero Airways in order to better balance our expenses with current flying levels. Our remaining businesses NHL and ad hoc sports business are performing well. We anticipate a strong winter season.
We began issuing reduction in force notices to affected employees today and will continue additional communicatio
Monday, December 11th.
". Managers of these employees and our Human Resources team will be providing employees
separation details and resources to assist them during this transition.
This is a difficult decision we have been forced to make at iAero Airways. However, it is necessary to protect the term survival of the company. We thank those that are being affected by the reduction in force for their service to i Airways.
We need everyone to stay focused on delivering Safe, Reliable and Great Customer Service.
I appreciate everything you do to make iAero a success.