Great Lakes Aviation, a U.S. regional carrier that gets nearly half its revenue from federal government Essential Air Service (EAS) funding, has negotiated another reprieve from a balloon payment of more than $30 million that gives it a new deadline: Oct. 17. The Cheyenne, Wyo.-based carrier owes the money to Raytheon Aircraft Credit Corp., for notes that were used to finance the purchase of aircraft and which are secured by 25 Beechcraft 1900D turboprops. Raytheon has reason to ...
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