Order 02-3-16

Order 02-3-16

SkyMark Aviation, Inc

Order 02-3-16
OST-01-9489

Issued March 19, 2002
Served March 22, 2002
*Not Previously Released

Order Dismissing Application

Scheduled Commuter Air Carrier Operations

On June 8 and August 17, 2001, we requested additional information from SkyMark, in particular, on the financial resources that were available to support its proposed operation. The carrier's responses, dated July 31 and September 4, did not satisfactorily answer our questions. On September 20, SkyMark requested that the Department defer action on its application for six months so that the company might secure the necessary financial resources. We granted this request on the same date. On March 5, 2002, SkyMark informed us that it was unable to conclude arrangements for working capital financing in an amount sufficient to meet the Department's established financial fitness test for new-entrant applicants. The carrier moved that we dismiss its application without prejudice to filing a new application in the future.

By: Randall Bennett