Midwest Air Group
Encyclopedia
Midwest Air Group, Inc. (formerly listed AMEX:MEH) was an American airline
holding company
based in Oak Creek
, Wisconsin
which owned Midwest Airlines
. It was ultimately controlled by parent company
, TPG Capital Texas Pacific Group. Delta with the merger of Northwest Airlines Inc,. now owns 47% of the reformulated company's stock in a "silent partnership," which has now evolved into a full codeshare partnership between the two airlines .
On April 17, 1989, The Midwest Express Connection was created and based in Milwaukee. The aircraft were operated by Mesa Air Group
.
In 1994, Astral Aviation, later named Skyway Airlines, Inc., was formed to own and operate The Midwest Express Connection tuboprop aircraft
feeding passengers to the larger aircraft operated by Midwest Express.
An IPO in September, 1995 took the company public.
In March 2003, the company changed the names of its operational airlines with The Midwest Express Connection becoming Midwest Connect
and Midwest Express becoming Midwest Airlines
.
In January 2004 the company changed its name to Midwest Air Group, Inc, which was subsequently acquired by TPG Capital in September 2007. Since this acquisition has been made, it was announced TPG Capital Midwest Air Group will discontinue Skyway Airlines operations, but continue on with Skyway Airlines, Inc. as an aircraft ground handling
company. TPG Capital subsidiary
Midwest Air group Inc.http://biz.yahoo.com/ap/080116/midwest_cuts.html?.v=4 will eliminate "380 jobs from its subsidiary Skyway Airlines as it moves to outsource all of its regional
flights."
On June 23, 2009 Republic Airways Holdings
announced it would acquire Midwest Air Group and Midwest Airlines from TPG Capital, only one day after Republic had announced its acquisition of Frontier Airlines Holdings
the parent company
of Frontier Airlines
.
Midwest airlines is now a wholly owned subsidiary of Republic Air Holdings.
to Republic Airways Holdings
.
Airline
An airline provides air transport services for traveling passengers and freight. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
based in Oak Creek
Oak Creek, Wisconsin
Oak Creek is a city in Milwaukee County, Wisconsin, United States. The population was 28,456 at the 2000 census. In 2009, its population was estimated at 33,946.-History:...
, Wisconsin
Wisconsin
Wisconsin is a U.S. state located in the north-central United States and is part of the Midwest. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. Wisconsin's capital is...
which owned Midwest Airlines
Midwest Airlines
Midwest Airlines was a U.S.-based airline and was also an operating brand of Republic Airways Holdings based in Oak Creek, Wisconsin. operating from Milwaukee's General Mitchell International Airport...
. It was ultimately controlled by parent company
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...
, TPG Capital Texas Pacific Group. Delta with the merger of Northwest Airlines Inc,. now owns 47% of the reformulated company's stock in a "silent partnership," which has now evolved into a full codeshare partnership between the two airlines .
History
The company began as Midwest Express Holdings, Inc.On April 17, 1989, The Midwest Express Connection was created and based in Milwaukee. The aircraft were operated by Mesa Air Group
Mesa Air Group
Mesa Air Group, Inc. is a Nevada Corporation commercial aviation holding company with headquarters in Suite 100 at 410 North 44th Street in the Camelback East area of Phoenix, Arizona, United States. The company operates one regional airline subsidiary: Mesa Airlines, and five supporting...
.
In 1994, Astral Aviation, later named Skyway Airlines, Inc., was formed to own and operate The Midwest Express Connection tuboprop aircraft
Aircraft
An aircraft is a vehicle that is able to fly by gaining support from the air, or, in general, the atmosphere of a planet. An aircraft counters the force of gravity by using either static lift or by using the dynamic lift of an airfoil, or in a few cases the downward thrust from jet engines.Although...
feeding passengers to the larger aircraft operated by Midwest Express.
An IPO in September, 1995 took the company public.
In March 2003, the company changed the names of its operational airlines with The Midwest Express Connection becoming Midwest Connect
Midwest Connect
Midwest Connect was the brand name for the regional airline service of Midwest Airlines, rather than a certificated airline carrier. Skyway Airlines was the sole operator of Midwest Connect since its inception in 1989, until SkyWest Airlines began additional Midwest Connect service on April 1, 2007...
and Midwest Express becoming Midwest Airlines
Midwest Airlines
Midwest Airlines was a U.S.-based airline and was also an operating brand of Republic Airways Holdings based in Oak Creek, Wisconsin. operating from Milwaukee's General Mitchell International Airport...
.
In January 2004 the company changed its name to Midwest Air Group, Inc, which was subsequently acquired by TPG Capital in September 2007. Since this acquisition has been made, it was announced TPG Capital Midwest Air Group will discontinue Skyway Airlines operations, but continue on with Skyway Airlines, Inc. as an aircraft ground handling
Aircraft ground handling
In aviation, aircraft ground handling defines the servicing of an aircraft while it is on the ground and parked at a terminal gate of an airport.-Overview:...
company. TPG Capital subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
Midwest Air group Inc.http://biz.yahoo.com/ap/080116/midwest_cuts.html?.v=4 will eliminate "380 jobs from its subsidiary Skyway Airlines as it moves to outsource all of its regional
Regional airline
Regional airlines are airlines that operate regional aircraft to provide passenger air service to communities without sufficient demand to attract mainline service...
flights."
On June 23, 2009 Republic Airways Holdings
Republic Airways Holdings
Republic Airways Holdings, Inc. is an aviation holding corporation based in Indianapolis, Indiana, which owns six airlines operating in the United States: Chautauqua Airlines, Frontier Airlines, Republic Airlines, Shuttle America, and the former Lynx Aviation....
announced it would acquire Midwest Air Group and Midwest Airlines from TPG Capital, only one day after Republic had announced its acquisition of Frontier Airlines Holdings
Frontier Airlines Holdings
Frontier Airlines Holdings, Inc. was a United States based airline holding company. The company has headquarters in Denver, Colorado.- Airline divisions and operations:*Frontier Airlines*Lynx Aviation-Airline related divisions and operations:...
the parent company
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...
of Frontier Airlines
Frontier Airlines
Frontier Airlines, Inc., is an American airline headquartered in Indianapolis, Indiana, United States. The carrier, which is a subsidiary and operating brand of Republic Airways Holdings, operates flights to 83 destinations throughout the United States, Mexico, and Costa Rica and maintains hubs at...
.
Midwest airlines is now a wholly owned subsidiary of Republic Air Holdings.
Fleet
Most of the fleet of 717s have been returned to lessors and most flights have been outsourcedOutsourced
Outsourced is a romantic comedy film, directed by John Jeffcoat, released in 2006.-Plot:When Todd Anderson's job and entire department are outsourced, he reluctantly travels to India to train his replacement...
to Republic Airways Holdings
Republic Airways Holdings
Republic Airways Holdings, Inc. is an aviation holding corporation based in Indianapolis, Indiana, which owns six airlines operating in the United States: Chautauqua Airlines, Frontier Airlines, Republic Airlines, Shuttle America, and the former Lynx Aviation....
.