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OST-03-14554

 


Shuttle America Corporation

OST-03-14554 February 20, 2003 Application for a Disclaimer of Jurisdiction Over the Transfer of Operating Authority or, In the Alternative, Approval of the Transfer of Operating Authority Transfer of Operating Authority

Shuttle America Corporation hereby requests the Department to disclaim jurisdiction over the transfer of the operating authority held by Shuttle to a newly formed Indiana corporation to be name Shuttle America Corporation ("Newco").  Shuttle requests expedited action on this application to permit the transfer and reissuance of Shuttle's operating authority to Newco with an effective date of no later than February 27, 2003.

Counsel: Shaw Pittman, Robert Cohn, 202-663-8060


Shuttle America Corporation

Order 03-2-23
OST-03-14554
Issued February 27, 2003
Served February 27, 2003
Order Disclaiming Jurisdiction and Confirming Oral Action

Microsoft Word

Transfer of Operating Authority

Shuttle America states that the transfer of operating authority is necessary to complete an intra­corporate reorganization for business and tax purposes and will involve no change in management, ownership, control, operations, financial condition, or citizenship of the carrier. Under the reorganization, Shuttle America’s parent holding company (Shuttle Acquisition LLC) established a newly formed Indiana corporation into which Shuttle America will be merged, and the surviving company will also be called Shuttle America Corporation. The company has requested that the Department disclaim jurisdiction over this reorganization no later than February 27, 2003.

By: Randall Bennett


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