Home > Boards > US Listed > Biotechs >

Harbor Diversified, Inc. (HRBR)

HRBR RSS Feed
Add HRBR Price Alert      Hide Sticky   Hide Intro
Moderator: i_like_bb_stock, MJAM2020, daiello, Penny Stocks 2.0
Search This Board: 
Last Post: 3/4/2021 2:57:03 AM - Followers: 63 - Board type: Free - Posts Today: 0

File:Air Wisconsin Airlines Logo.png


PARTNER

united
 

United Express partners

 

Our United Express regional partner airlines support our route network throughout the United States and Canada, operating a diverse range of aircraft. View United Express aircraft information.

You can earn and use miles on United Express flights just as you do on other United flights.

Air Wisconsin

Air Wisconsin

CommutAir

commutair logo

gojet

gojet logo

Mesa airlines

Mesa airlines

republic airlines

republic airlines

skywest airlines

 
Item 1.01

Entry into a Material Definitive Agreement.

In February 2017, Air Wisconsin Airlines LLC (“Air Wisconsin”), a subsidiary of Harbor Diversified, Inc. (the “Company”), entered into a capacity purchase agreement with United Airlines, Inc. (“United”), pursuant to which United agreed to purchase the capacity of the Air Wisconsin CRJ-200 regional jets covered under the agreement (the “United capacity purchase agreement”). Subject to certain limited exceptions, the United capacity purchase agreement provides Air Wisconsin fixed daily revenue for each aircraft covered under the agreement, a fixed payment for each departure and block hour flown, and reimbursement of certain direct operating expenses in exchange for providing regional flying service for United. All of Air Wisconsin’s flights are operated as United Express pursuant to the terms of the United capacity purchase agreement.

On October 15, 2020, Air Wisconsin entered into an amendment to the United capacity purchase agreement (the “Amendment”) that, among other things:

 

   

settled certain disputes that had existed between United and Air Wisconsin over amounts owed to Air Wisconsin under the United capacity purchase agreement;

 

   

provided a process for determining the circumstances under which, and the amount for which, United would pay or reimburse Air Wisconsin for costs incurred in connection with the opening and closing of maintenance and crew bases in response to alterations to Air Wisconsin’s operating schedule made at United’s discretion;

 

   

provided for the payment or accrual of certain amounts by United to Air Wisconsin based on certain scheduling benchmarks;

 

   

modified the minimum and maximum daily block hour scheduling parameters;

 

   

terminated the limited guarantee by the Company and AWAC Aviation, Inc., the sole member of Air Wisconsin, of the monetary obligations of Air Wisconsin under the United capacity purchase agreement;

 

   

terminated certain provisions in the United capacity purchase agreement that were previously waived by United in March 2020, which constrained Air Wisconsin from flying for another air carrier; and

 

   

amended United’s option to extend the term of the United capacity purchase agreement such that United now has an option to extend the term for a period of no less than two years (and up to three years, in its discretion) and a second option to extend for an additional two-year period, subject to mutual agreement by the Company and United as to compensation.

The foregoing summary of the terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which will be filed with the Securities and Exchange Commission as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2020

The Air Wisconsin fleet comprises the following aircraft (as of October 2020):[28][29]

 
Air Wisconsin Fleet
Aircraft Total Passengers Operated For Notes
Bombardier CRJ-200 65 50 United Express Several in storage at ATW
Total: 65    





 

Description

The Bombardier CRJ200 was designed to provide superior performance and operating efficiencies in the fast-growing regional airline industry. Against the closest competition, it flies faster and farther while burning less fuel and having lower operating costs. With over 1,000 units in commercial service, it has become the most successful regional airliner program the world has ever known.


photo


October 22/2020 Quarterly Report

Look at the Signatures for PROOF


 

             
Date: October 22, 2020       By:  

/s/ Christine R. Deister

            Christine R. Deister
            Chief Executive Officer and Secretary
            Harbor Diversified, Inc.
            (Principal Executive Officer)

I, Gregg Garvey, Principal Financial and Accounting Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge, (i) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and (ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented.

 

             
Date: October 22, 2020       By:  

/s/ Gregg Garvey

            Gregg Garvey
            Senior Vice President, Chief Accounting Officer and Treasurer
            Air Wisconsin Airlines LLC
            (Principal Financial and Accounting Officer)

Leadership

Robert Binns
President and Chief Executive Officer

Rob Binns is the President and Chief Executive Officer of Air Wisconsin Airlines.

He brings over 25 years of airline and industry-related leadership experience to this role, including holding the position of Chairman and CEO of Global Aviation Holdings, a holding company for World Airways and North American Airlines. He has also held CEO, CFO, CMO and other executive roles at Hybrid Enterprises (Lockheed Martin), TransMeridian Airlines, Pegasus Aviation and TWA.

Rob holds an MBA from the University of Kansas, an MA in Political Behavior from Essex University in England and a BA in History and Political Science from the University of Kansas.

Since 2007, Rob has served on the Carter Center Board of Councilors in Atlanta.

 
Bob Frisch
Senior Vice President and Chief Operating Officer

Captain Bob Frisch is Air Wisconsin’s Senior Vice President and Chief Operating Officer. In this role, he leads all of the airline’s operational functions and departments in support of our Flying, Maintenance, and Customer Service. Additionally, Bob is responsible for all labor relations functions for Air Wisconsin.

Previously, Bob served as Vice President – Flight Operations and Labor Relations, overseeing Air Wisconsin’s labor relations functions and flight and inflight operations including, flight and inflight standards, training and operations. Bob joined Air Wisconsin in 1999 and has over 20 years of commercial flying experience. He holds an Airline Transport Pilot Certificate and is a qualified pilot for Air Wisconsin.

In addition to his role with Air Wisconsin, he serves as a volunteer mediator for the Winnebago Conflict Resolution Center and a volunteer arbitrator for the Wisconsin Bar Association. Bob received his degree in agricultural aviation from the University of Minnesota, completed his undergraduate studies at the University of North Dakota and received his Juris Doctorate from Concord University School of Law.

 
Gregg Garvey
Senior Vice President, Chief Accounting Officer and Treasurer

Gregg Garvey is Air Wisconsin’s Senior Vice President, Chief Accounting Officer and Treasurer. In addition to leading the Employee Benefits area, he is responsible for the company’s income, sales and use, property and excise tax compliance, as well as all non-benefit insurance placements such as property, hull and liability, and workers compensation programs.

Prior to joining Air Wisconsin in 1999, Gregg held the positions of Tax Manager, Tax Supervisor, and Staff Accountant at Schenck & Associates, a large regional public accounting firm in Appleton, WI. His experience also includes work as a Senior Tax Accountant and Financial Analyst for Repap Wisconsin, a former paper manufacturer in Kimberly, WI.

A Certified Public Accountant, he earned a Bachelor of Business Administration in accounting from the University of Wisconsin-Whitewater. He also holds a Master of Science in taxation (MST) from the University of Wisconsin-Milwaukee and a Master of Business Administration (MBA), with a finance emphasis, from the University of Wisconsin-Oshkosh.

 
Jim McLeod
Vice President of Information Technology and Business Intelligence

Jim McLeod is Air Wisconsin’s Vice President of Information Technology and Business Intelligence. In this role, he is responsible for establishing, planning, and administering the overall policies and goals for the Information Technology Department. He also works to align technology solutions to evolving company needs through speed of delivery, expanding business intelligence, providing service flexibility and maintaining a highly stable and reliable IT infrastructure.

Jim joined the company in 2009 as Business Partner/Applications Manager - serving as the IT Department’s primary liaison with Maintenance, Strategic Sourcing, and Systems Operations Control (SOC). Prior to being appointed to his current position, he served as Director of Business Technology Delivery for more than four years.

Before joining Air Wisconsin, Jim worked at Appvion (formerly Appleton Papers, Inc.), where he served in various positions of increasing responsibility, most recently as National Accounts/Global Transportation Manager.

Jim earned a Bachelor of Business Administration degree in Finance from the University of Wisconsin Oshkosh.

 
Michael Perrizo
Vice President Flight Operations

Michael Perrizo is Air Wisconsin’s Vice President of Flight Operations. He provides strategic direction in all areas of Flight Operations, including flight standards, flight training and line operations. Additionally, Michael is an active participant in pilot labor relations activities, and serves as the Director of Operations on Air Wisconsin’s FAA 119 certificate.

Michael joined Air Wisconsin in 2013 and served as a pilot before being promoted to Assistant Chief Pilot in 2014. He then served as our Director of Flying & Chief Pilot before being promoted to his current position. Prior to joining Air Wisconsin, Michael was a pilot for Comair where he also served in a leadership position within the Airline Pilots Association. Before beginning a career in aviation, Michael has held several Operational Management positions, including leading large organizations in the Municipal Government sector.

In addition to his previous Operations Management experience, Michael holds a Bachelor of Arts degree in Communication from the University of Dayton.

 
Chris White
Vice President of Safety and Security

Chris White is Air Wisconsin's Vice President - Safety and Security. Chris is responsible for the administration of safety and security at Air Wisconsin and reports directly to the President and CEO. Along with leading all safety functions, which include Flight- and Ground-Safety, Emergency Preparedness and Response, the Corporate Safety Management System and the Internal Evaluation Program, he is responsible for all security functions throughout the organization including liaison and interface with the Transportation Security Administration (TSA).

Chris joined Air Wisconsin in 2010 and most recently held the position of Managing Director - Safety. Prior to joining Air Wisconsin, Chris spent 17 years with Midwest Airlines in Milwaukee, where he served as Vice President - Safety and Regulatory Compliance. His duties included flight and ground safety, emergency response, occupational health and safety, corporate and operational security programs, insurance claims and risk management. He also served as Midwest's corporate liaison to the Federal Aviation Administration (FAA), the National Transportation Safety Board (NTSB) and other regulatory agencies.

Chris holds a Master of Science in Management from Cardinal Stritch University and completed additional graduate coursework through Boeing's MBA Executive program at Seattle University. He also earned a Bachelor of Science in Mechanical Engineering from the University of Michigan, holds an FAA Private Pilot's license and serves on the Regional Airline Association's (RAA) Safety and Security Councils.

 

 

HRBR
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
HRBR News: Quarterly Report (10-q) 02/10/2021 05:25:38 PM
HRBR News: Quarterly Report (10-q) 01/14/2021 04:08:05 PM
HRBR News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/16/2020 05:28:47 PM
HRBR News: Current Report Filing (8-k) 11/03/2020 04:33:49 PM
HRBR News: Quarterly Report (10-q) 10/23/2020 09:06:47 AM
PostSubject
#1138  Sticky Note Most Undervalued DD $HRBR >> Air Wisconsin and Penny Stocks 2.0 02/28/21 11:08:01 AM
#851  Sticky Note GREAT WRITE UP on what we have here. https://microcapdaily.com/air-wisconsin-airlines-the-rise-of-ha i_like_bb_stock 11/13/20 03:52:00 PM
#1200   Ive posted many HRBR messages on stocktwits,and it Vipyr 03/04/21 02:57:03 AM
#1199   LOL! Trying to get the cheapies, Vipyr 03/03/21 02:20:50 PM
#1198   Going for the gap fill at .49 heathcburn 03/03/21 11:22:28 AM
#1197   Holding pretty steady here today. Not many oregon 1 03/03/21 10:52:08 AM
#1196   Investors are finding out how hard it is Penny Stocks 2.0 03/03/21 10:14:37 AM
#1195   The Stocktwits doesn’t seem to be working and Freethem 03/03/21 06:51:15 AM
#1194   Arbitrage trading. The filings are what they are. rordreds 03/03/21 06:43:03 AM
#1193   It will, I think once we break $1 Penny Stocks 2.0 03/02/21 11:26:54 PM
#1192   Just don't understand why this thing isnt at pickspicks1 03/02/21 08:41:21 PM
#1191   Yea was not wanting to see the inverted Vipyr 03/02/21 04:12:36 PM
#1190   Someone wants this under .80 Penny Stocks 2.0 03/02/21 03:57:15 PM
#1189   Puma seems short... Penny Stocks 2.0 03/02/21 03:49:52 PM
#1188   Capacity Purchase Agreement with United In February 2017, the Penny Stocks 2.0 03/02/21 03:35:46 PM
#1187   In September 2020, Air Wisconsin completed the acquisition Penny Stocks 2.0 03/02/21 03:35:26 PM
#1186   In May 2020, Air Wisconsin completed the acquisition Penny Stocks 2.0 03/02/21 03:35:17 PM
#1185   In January 2020, the Company completed an asset Penny Stocks 2.0 03/02/21 03:35:03 PM
#1184   Air Wisconsin is about 1/2 the size of e-ore 03/02/21 12:52:34 PM
#1183   Good morning, and how beautiful it is to Vipyr 03/02/21 12:36:22 PM
#1182   MUST READ This is @airwisconsin Air Wisconsin trading Penny Stocks 2.0 03/02/21 12:28:53 PM
#1181   You should recompile this list and include the iamiman1 03/02/21 12:06:47 PM
#1180   agreed i_like_bb_stock 03/02/21 11:58:42 AM
#1179   $1 coming..... learningthetruth 03/02/21 11:48:59 AM
#1178   Air Wisconsin's peers >> Southwest Airlines $LUV $57 United Penny Stocks 2.0 03/02/21 11:45:49 AM
#1177   Our hidden Gem that finally waking up to oregon 1 03/02/21 11:34:08 AM
#1176   Volume finally picking up today.. People just don't oregon 1 03/02/21 11:33:02 AM
#1175   Perfect, thanks BB. Good luck.... $HRBR Penny Stocks 2.0 03/02/21 11:32:06 AM
#1174   yes agreed just saying thats what its worth i_like_bb_stock 03/02/21 11:26:31 AM
#1173   yep peeps catching on and when air travel koolmc 03/02/21 11:26:29 AM
#1172   Looking very good. Its about time. oregon 1 03/02/21 11:24:55 AM
#1171   .849 up koolmc 03/02/21 11:24:24 AM
#1170   With all respect, you realize at $1.60, the Penny Stocks 2.0 03/02/21 11:02:33 AM
#1169   just beautiful .80 break ahead book value of i_like_bb_stock 03/02/21 10:57:22 AM
#1168   .79 up peeps catching on, only legit airline koolmc 03/02/21 10:22:03 AM
#1167   .79 up peeps catching on, only legit airline koolmc 03/02/21 10:22:02 AM
#1166   $39m Market Cap, should be $350m or $5 Penny Stocks 2.0 03/02/21 09:23:59 AM
#1165   Good morning $HRBR, Multi Dollars coming Penny Stocks 2.0 03/02/21 09:22:28 AM
#1164   Yes it was. And Im with ya hahah.. Vipyr 03/02/21 12:33:28 AM
#1163   It was a very interesting gap, I have daiello 03/02/21 12:17:07 AM
#1162   Regardless, I am loving what we are seeing Vipyr 03/02/21 12:00:09 AM
#1161   Gap fills are somewhat of a myth. daiello 03/01/21 06:52:00 PM
#1160   Heheh all good my friend. Me neither.. I Vipyr 03/01/21 05:22:57 PM
#1159   Not you....the other gap fill guy or whoever. rordreds 03/01/21 05:21:52 PM
#1158   Why would I trade it? I was Vipyr 03/01/21 05:20:05 PM
#1157   Who cares. Go trade it if you rordreds 03/01/21 05:18:34 PM
#1156   Not gonna happen here.. Argue with BB on Vipyr 03/01/21 04:03:34 PM
#1155   No gap is too large to fill. It heathcburn 03/01/21 04:02:21 PM
#1154   Not gonna happen. As BB reminded me, that Vipyr 03/01/21 03:58:43 PM
#1153   Great DD and reminder of what we are Vipyr 03/01/21 03:57:36 PM
#1152   Gap needs to fill heathcburn 03/01/21 02:08:40 PM
#1151   What the heck happened here today LOL. Vipyr 03/01/21 12:44:37 PM
PostSubject
Consent Preferences