Midway Airlines Buys Fischer Brothers
CHICAGO (AP) _ Midway Airlines says it has bought all the capital stock of Fischer Brothers Aviation Inc., a Galion, Ohio-based commuter airline.
David R. Hinson, chairman and chief executive officer of Midway, made the announcement Wednesday in a statement which did not disclose the purchase price.
Hinson said Fischer Brothers would ″provide a valuable contribution to Midway’s establishment of a high-class, reliable commuter airline service at Midway Airport.″
The commuter service, to be operated under the Midway Airlines banner, will be headed by Richard E. Pfennig, president of Midway’s new subsidiary. The company’s base of operations will be at the Capital Airport in Springfield, Ill., where the principal flight and maintenance functions will be conducted. Officials expect the new Midway Airlines commuter service to begin on a phased basis in mid-June, the statement said, adding that the specific cities to be served and schedules would be announced later.