Great Lakes Airlines defaults on loan

CHEYENNE, Wyo. – Great Lakes Aviation has defaulted on a $27.5 million loan with Callidus Capital Corp., according to documents filed with the U.S. Securities and Exchange Commission. As a result of the default, the lending company has the right to “take possessio [...]

PEB 248 recommends NJT contract terms

Presidential Emergency Board 248 has issued its recommendations to settle the four year contract dispute between New Jersey Transit and the Rail Labor Coalition of fourteen unions representing 4,300 union workers. The recommendations on the major issues of wages and health in [...]