Airport authority trims executive ranks in cost-cutting move
The Indianapolis Airport Authority has eliminated three executive positions, a move its board president says reflects a return to a more conventional and efficient corporate structure.
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New warehouse ends drought of spec industrial development
Construction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
Next Indiana governor won’t see much toll road money
The $3.8 billion that Indiana netted in 2006 from leasing the Indiana Toll Road to a foreign consortium will be mostly spent or allocated by the time the state’s next governor takes office in January
Airport faces fiscal headwinds
The Indianapolis Airport Authority recorded a $31.3 million operating loss in 2011, a result that new board President Michael Wells believes underscores the need to find new sources of revenue.
Republic, Bedford fall out of favor in Milwaukee
Indianapolis-based airline holding company and its leader stir passions in city hit hard by Frontier cutbacks.
KAR Auction revenue up, profit down
Carmel-based KAR Auction Services Inc. saw revenue climb but profit shrink in the first quarter, the company said Monday.
Airport seeking auctioneer to sell off assortment of cast-offs
Sale of items such as X-ray machines and windsock poles typically raises $1 million for general fund.
Frontier Airlines to cut 11 flights from Milwaukee
Frontier Airlines says it will cut 11 flights out of Milwaukee and put 125 workers on furlough effective June 1.
Celadon Group names new chief financial officer
Celadon Group Inc. announced Monday that it has named Eric Meek as executive vice president, chief financial officer and treasurer, effective immediately, as part of a succession-planning process.
Gary mayor questions former Indy airport exec’s pay rate
The Gary/Chicago International Airport Authority has approved a $350-an-hour contract with former Indianapolis airport executive John Clark to help with business development.
Republic Airways charts rebound for small jet unit
While turnaround plans at Frontier Airlines capture most of the attention, Republic Airways Holdings Inc. is also trying to revitalize its smaller Chautauqua Airlines unit.
BrightPoint stock sinks on lower earnings report
BrightPoint Inc. stock fell as much as 12 percent early Friday morning following disappointing first-quarter earnings that prompted the company to lower its 2012 financial forecast.
Proposed Indy airline gets audience with Venture Club
Legacy Travel Club needs to raise $50,000 to unlock commitments from angel investors.
Indianapolis lands nonstop air service to Myrtle Beach
Indianapolis International Airport has landed seasonal, nonstop service to Myrtle Beach, S.C., starting May 31. Vision Airlines said Thursday that it will fly the route using Boeing 737s through Oct. 31.
Republic reports smaller loss on higher revenue
Republic Airways Holdings Inc. on Wednesday reported higher revenue and a smaller loss in the first quarter compared to the same period a year ago.
Some still not sold on I-69 plans in southern Indiana
The complaints were quieter but still firm during the latest public hearing about plans for the Interstate 69 extension through southern Indiana.
Celadon reports higher quarterly profit, revenue
Celadon Group Inc. saw higher revenue and profit in its latest fiscal quarter, the Indianapolis-based trucking firm announced Tuesday night.
Airport’s ex-CEO lands job at Gary Chicago International
Former Indianapolis Airport Authority CEO John Clark has landed a six-month job in a business development role at Gary Chicago International Airport.
Growing distributor to expand into Greenwood
A distribution company that specializes in handling food for retailers has outgrown its Plainfield space and plans to take up another 400,000 square feet in Greenwood. Prime Distribution estimates it would add 35 employees by 2016.
Hamilton County I-69 widening will reduce lanes
A project to widen Interstate 69 at the 116th Street/Indiana 37 interchange in Fishers will restrict traffic to two lanes in both directions beginning in June.