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Non-Tech : Vanguard Airlines (NASDAQ VNGD)
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To: Harvey Kirby who wrote (28)1/18/1997 4:03:00 PM
From: Chris Singer   of 65
 
Here is some info from the Forbes article. Hambrecht and Quist have a 43% position in Vanguard. Their investment is down almost 90%. In November 96 they brought in new CEO John Tague. He previously turned around American Trans Air a $715 million Indianapolis based carrier. Vanguard's fleet consists of eight leased Boeing 737's to serve midwestern cities but there was no real logic to its route strategy. Tague showed up on Nov.1 and uttered seven simple words to the assembled managers: "We are going to rebuild the airline." He pulled Vanguard out of four cities--Salt Lake City, Phoenix, Seattle and Cincinnati. He is adding Atlanta, Chicago, Las Vegas, Orlando, Fort Myers, Tampa, and Miami. He is also launching a $5 million radio, television and print campaign touting Kansas City as an ideal hub for Midwest travel.

Hope this is helpful.

Chris
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