Big Sky Stops Operating, Liquidation Planned

March 12, 2008

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Big Sky Airlines, the principal subsidiary of MAIR Holdings, ceased all operations, effective March 8, and its assets will be liquidated, the company said on Wednesday.

The decision followed Big Sky's December 2007 announcement that it was ceasing Eastern US operations and would try to move its services in the West to another carrier.

The company said in a statement it concluded it was not feasible to continue operating the airline at a loss, and it expects to file a plan of liquidation with the Securities and Exchange Commission in early May.