Survivor plan not being utilized

By Tom Philpott: CNJ columnist A typical officer retiring today who declines to enroll in the Survivor Benefit Plan lets the government off the hook for a subsidy worth $50,100 in “net present value,” say Department of Defense actuaries. The typical enlisted retiree who chooses not to enroll in SBP is turning down a subsidy […]

Feb. 19, 2009 Meetings watch: Clovis City Commission

What: Clovis City Commission meeting When: 5:15 p.m. today Where: Clovis-Carver Library North Annex Commissioners will decide Thursday on a proposal from Great Lakes Airlines to continue flights from Clovis to Albuquerque. A two-year Department of Transportation program that awards subsidies to airlines that serve rural communities expires in May. Cheyenne, Wyo., based Great Lakes […]

Great Lakes granted subsidy

By Jean Verlich: CNJ news editor The U.S. Department of Transportation announced Thursday its selection of Great Lakes Aviation to continue providing essential air service at Clovis with the expectation of increasing passenger volume, according to documents. Great Lakes will receive a federal subsidy of $2.36 million annually for air service at Clovis and Silver […]

Great Lakes wins city’s favor

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Pacific Wings CEO Frank Ford gives a presentation Thursday at the City Commission meeting on why Clovis should choose his airline. (CNJ staff photo: Andy DeLisle) By Marlena Hartz: CNJ Staff Writer City commissioners said constituent wishes guided their Thursday endorsement of Great Lakes Aviation as the city’s air service provider. Their recommendation the Wyoming-based […]

Financial solvency of airline questioned

By Marlena Hartz: CNJ Staff Writer Great Lakes Aviation recently settled overdue rent payments with Boeing Capital Corp., but the airline still owes more than $10 million to Raytheon Aircraft Co., according to documents Great Lakes filed with the U.S. Securities and Exchange Commission. Clovis Civil Aviation Board Chairman Roger Hatcher said he does not […]

DOD: Survivor Benefit Plan is costly

By Philpott: Military Update Defense officials, in a late-hour attempt to persuade senators not to join the House in voting to raise military survivor benefits, said the case for doing so has been built on a series of “mistaken assertions.” They also cautioned senators about the cost of enhancing the Survivor Benefit Plan’s $5 billion […]

Service to small airports in jeopardy

By Gary Mitchell Air service to Clovis and other similar-sized communities was jeopardized recently by potential congressional action. A spokesman for U.S. Sen. Jeff Bingaman said Bingaman and fellow senators beat back an initiative last week that would have forced some of New Mexico’s communities that take part in the Essential Air Service (EAS) program […]