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GREAT LAKES AVIATION : Termination of a Material Definitive Agreement (form 8-K)

07/21/2014 | 03:58pm US/Eastern
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Item 1.02 Termination of a Material Definitive Agreement

Great Lakes Aviation, Ltd. (the "Company") has been informed by Frontier Airlines ("Frontier") that as part of Frontier's transformation to an ultra-low cost carrier, that their business model, and subsequent change to a new reservation platform, will no longer allow for interline agreements with any other carriers. As a result, effective October 1, 2014, the Company's code share agreement with Frontier will be terminated.

The Company cannot at this time predict the effect which the termination of the Frontier code share agreement will have on the Company. The Company expects that passengers who otherwise would have booked travel with Frontier, will purchase directly with the Company or through other code share and interline e-ticketing partners since the Company provides exclusive scheduled air service to the destinations it serves.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically are identified by use of terms such as "may," "will," "should," "plan," "expect," "anticipate," "estimate" and similar words, although some forward-looking statements are expressed differently. Forward-looking statements represent our management's judgment regarding future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, the Company can give no assurance that such expectations will prove to be correct. All statements other than statements of historical fact included in this Current Report on Form 8-K are forward-looking statements. The Company cannot guarantee the accuracy of the forward-looking statements, and the Company's actual results could differ materially from those contained in any forward-looking statements due to a number of factors, including the statements under the heading "Risk Factors" contained in the Company's filings with the Securities and Exchange Commission. Accordingly, such forward-looking statements are subject to a number of risks and uncertainties and may cause actual results to differ materially from the Company's expressed expectations.

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