Company Overview of PEOPLExpress Airlines, Inc.
PEOPLExpress Airlines, Inc., along with its subsidiary, XTRA Airways, provides airline charter services to business and leisure travelers. The company was founded in 1981 and is based in Newport News, Virginia.
902 Bland Boulevard
Newport News, VA 23602
Founded in 1981
Key Executives for PEOPLExpress Airlines, Inc.
President and Chief Operating Officer
Vice President of Human Resources & Corporate Secretary
Vice President and Director of Operations
Compensation as of Fiscal Year 2013.
PEOPLExpress Airlines, Inc. Key Developments
United States Department Of Transportation Fines People Express Airlines Inc. for $10,000
May 13 12
People Express Airlines Inc. was fined $10,000 by United States Department Of Transportation. A consent order was issued by the department in reference to People Express' "Club Travelati" membership program that came into conflict with air transportation regulations. The order directs People Express "to cease and desist from future violations of these provisions and assesses People Express a compromise civil penalty of $10,000." People Express ran into trouble because it advertised the club on its website and sold memberships before receiving a certificate of public convenience and necessity from the United States Department Of Transportation. The document provides economic authority to operate as an airline. In addition to United States Department Of Transportation approval to operate, the startup is also currently seeking Federal Aviation Administration certification - a separate process that determines whether the company can safely operate as an airline. The DOT consent order states People Express improperly advertised the Club Travelati program on its website between Feb. 13 and March 27. As a result, more than 130 memberships were sold. People Express contended it did not believe its offerings constituted advertising, sale or holding out of air transportation and it made clear on the website and in a Terms and Conditions section that club memberships "would not become effective (and Club benefits would not arise) until after People Express operated is first scheduled departure (which necessarily means that People Express had received all of its regulatory approvals and certificates to operate air transportation)," the consent order states. People Express settled the complaint without admitting violations in order to avoid litigation and the potential of further civil penalties, according to the consent order.
People Express Airlines Inc. Announces Executive Changes
Mar 8 12
People Express Airlines Inc. announced that the chairman of the company's board of directors, William D. Stockbridge, will be replaced by investment banker William E. Mayer - the owner of the Virginia Destroyers United Football League team that is based in Virginia Beach. Stockbridge will remain on the board as vice chairman. Mayer's focus, as chairman, will be on financing, oversight of the company's management team and building the board of directors that will include several independent members. Stockbridge, as vice chairman, will be responsible for financing and aircraft acquisition.
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