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Introduction
Mid-Continent Airlines is well known in the Great Lakes Region. Mid-Continent, along with other commuter airlines provides airline services to small and medium sized cities. Mid-Continent has had repeated history of profitability ranging from small profits to small losses. Mid-Continent's current financial standing is not good. All of their current aircraft fleet was purchased used. Their oldest aircraft is becoming very costly to maintain. They cannot acquire traditional bank financing because of their inadequate earnings. Mid-Continent was offered a loan, but they would have to give up 30% of ownership in common stock. If they choose not to take the loan, the only other option is to sell the company.

Choosing to take the loan means they will have to readjust their current strategy. They have 3 options:
1. They may choose to stay totally independent of the larger airlines, and issue separate tickets.
2. They may have "interline" agreements with larger airlines......

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Approximate Word Count: 2709
Approximate Pages: 11 (250 words per double-spaced page)

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