PARKERSBURG, W.Va., Oct. 1, 2010 (GLOBE NEWSWIRE) -- Gulfstream International Airlines (AMEX:GIA) today inaugurated service from Parkersburg, West Virginia to the Continental Airlines hub in Cleveland, Ohio. This new route is being flown under Gulfstream's "Continental Connection" affiliation with Continental Airlines. The new service will consist of four round-trips each weekday and four flights over the weekend, which is twice the frequency offered by the previous carrier. As previously announced, the U.S. Department of Transportation awarded the Company a new two-year contract as the Essential Air Service provider for Parkersburg, providing direct service to Cleveland.
Under its arrangement with Continental Airlines, Gulfstream coordinates pricing and schedules with Continental. Gulfstream passengers enjoy a seamless travel experience as through ticketing and baggage transfer is offered. Gulfstream passengers may participate in the Continental OnePass Frequent Flyer program and may book their flights and select their seats via Continental's website, .
"I am very excited by the service offered by Gulfstream International Airlines. It promises to be the best service we have seen at the Mid Ohio Valley Regional Airport for many years. Gulfstream's reputation among managers of other airports in the region is exceptional and their on time and completion standards are very high. We have high expectations for this new air service and so far Gulfstream has met every one. The hub at Cleveland is a good fit for our area and should be well received by our travelers. With four flights a day on weekdays, Gulfstream will eliminate the problems our travelers have had making connections to and from our airport. Welcome aboard Gulfstream International Airlines, our Continental Connection," said Terry Moore, Manager of the Mid Ohio Valley Regional Airport.
"Gulfstream is delighted to bring Continental Connection service to the Mid Ohio Valley Regional Airport. We are tremendously excited to expand our relationship with Continental Airlines from its Cleveland hub and believe that the region will benefit from our frequent and reliable service," said David Hackett, Gulfstream's President and Chief Executive Officer.
Gulfstream currently operates 23 aircraft with over 150 daily system departures throughout Florida, the Bahamas and Cleveland, OH. Gulfstream operates as Continental Connection, under contractual agreement with Continental Airlines. Additionally, Gulfstream has codeshare relationships with United Airlines and Copa Airlines of Panama. The Company has approximately 500 employees. Gulfstream is a member of the Regional Airline Association.
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Special Note Regarding Forward-Looking Statements
In addition to historical information, this release contains forward-looking statements. Gulfstream may, from time-to-time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things: its business strategy; its value proposition; the market opportunity for its services, including expected demand for its services; information regarding the replacement, deployment, acquisition and financing of certain numbers and types of aircraft, and projected expenses associated therewith; costs of compliance with FAA regulations, Department of Homeland Security regulations and other rules and acts of Congress; the ability to pass taxes, fuel costs, inflation, and various expenses to its customers; certain projected financial obligations; estimates regarding capital requirements; the likelihood that Gulfstream will receive any of the committed funding; and any other plans, objectives, expectations and intentions contained in this release that are not historical facts.
These statements, in addition to statements made in conjunction with the words "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate" and similar expressions, are forward-looking statements. These statements relate to future events or future financial performance and only reflect management's expectations and estimates. All forward-looking statements included in this release are made as of the date hereof and are based on information available to Gulfstream as of such date. The following is a list of factors, among others, that could cause actual results to differ materially from the forward-looking statements: changes to external competitive, business, budgeting, fuel cost or supply, weather or economic conditions; changes in its relationships with employees or code share partners; availability and cost of funds for financing new aircraft and the ability to profitably manage its existing fleet; adverse reaction and publicity that might result from any accidents; the impact of current or future laws and government investigations and regulations affecting the airline industry and its operations; additional terrorist attacks; and consumer unwillingness to incur greater costs for flights.
Gulfstream assumes no obligation to update any forward-looking statement. Risk factors, cautionary statements and other conditions which could cause actual results to differ from management's current expectations are contained in Gulfstream's filings with the Securities and Exchange Commission, including Part I, Item 1A, "Risk Factors," of its Annual Report on Form 10-K for the Year Ended December 31, 2009 and subsequent Form 10-Q filings.
CONTACT: Gulfstream International Airlines, Inc. Investors: Allison Tomek 954-985-1500 email@example.com Industry: Mickey Bowman 270-303-8719