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CommutAir
History
(Updated August 2001)
CommutAir
was founded in 1989 by three partners:
Antony von Elbe, John Sullivan, and
Jim Drollette. They all had extensive
commuter airline experience
(approximately 40 years combined) and
other entrepreneurial experience prior
to founding CommutAir. Included in
their experience were founding and
selling Clinton Aero, a successful
commuter airline based in Plattsburgh,
NY; and establishing the Brockway
Airline Division, as a division of
Brockway, Inc., a Fortune 500 company.
CommutAir, based in Plattsburgh, NY, began operations as a US Airways
Express feeder with two Beech 1900
aircraft in August 1989. The
airline currently operates as a
Continental Connection partner of
Continental Airlines.
Description
and Growth
CommutAir has grown at an average rate
of approximately 25% per year since
1990 as measured in revenue, aircraft,
employees, compensation, etc.
Today, CommutAir operates 14 Beech
1900 D aircraft, with a value of more
than $60 million. CommutAir's
aircraft are nearly new, owing to a
fleet replacement program in the year
2000 resulting in an aircraft average
age of about one year old. All
engines are covered under a fully
funded continuous maintenance program. The airline offers over
120 daily flights, and carries about
250,000 passengers annually.
Personnel
CommutAir
has more than 250 employees, consisting
approximately of 130
pilots, 50 maintenance workers, 15
dispatchers, 25 station employees,
and 20 various administrative workers
performing accounting and other
functions. There are no unions at
CommutAir. The managerial ranks consist of a
President, to whom the Director of
Operations, Director of Maintenance,
Chief Inspector, and Director of
Safety report, as well as various
administrative business functions. The
Director of Operations oversees the
Flight Department, Dispatch, and
Stations functions. The Director of
Maintenance oversees the Airworthiness
function. Reporting to the Director of
Operations and Director of Maintenance
are other personnel responsible for
various managerial functions. The
founders serve as a Board of
Directors, overseeing long-term
strategy, and other significant
business decisions.
CommutAir
ESOP
This is a tax qualified retirement
plan, as defined in the Internal
Revenue Code. The preferred shares are
being distributed to the
employee-owners as acquisition debt
incurred to purchase the shares is
paid down. The allocated shares are
vested to participant accounts over a
seven year vesting schedule.
Profit
Sharing Plan
In
addition to the ESOP, a key component
of compensation at CommutAir is its
profit sharing plan. All full time
employees who have been with the
Company for four full calendar
quarters are eligible to participate
in the plan. Based upon the Company's
pre tax margin each quarter, a profit
sharing "pool" is calculated
that is equal to the pre tax margin
(percentage) of pre tax profit for the
quarter. Thus, as pre tax results
improve, the pool improves
exponentially. This plan has proved to
be especially lucrative to employees,
and had enabled the Company to attract
and maintain a loyal, dedicated, and
incentive driven work force. Since the
Company's founding in 1989, over $13
million in profit sharing has been
distributed.
Continental
Airlines Partnership
The latest chapter in our story is the
beginning of our Continental
Connection service on December 2,
2000. Our alliance with
Continental Airlines promises to be a
significant step in continuing to
serve our New England and Northeast
customers with the quality service our
patrons have come to expect... from
the leader among commuter airlines in
the east - CommutAir! |
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CommutAir,
Continental Connection
518 Rugar Street, Plattsburgh, New York 12901
(518) 562-2700
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