Great Lakes Announces Engagement with Raymond James

CHEYENNE, Wyo., June 30, 2014 /PRNewswire/ — Great Lakes Aviation, Ltd. (OTC Bulletin Board: GLUX.OB, “Great Lakes”), announced today that it has engaged Raymond James as its investment banker to advise the Company with respect to new financing options and strategic alternatives. As part of its assignment, Raymond James will also assist the Company in evaluating changes to its business and fleet configuration.

In March of this year the Company was successful at certifying new FAA Operations Specifications that have enabled the Company to hire pilots despite recent regulatory changes that have had the effect of materially reducing the supply of qualified pilot applicants for the regional airline sector in general. The reductions in small community air service capacity seen across the U.S. in 2014 are a result of this same reduced pilot supply, and are creating the need for a re-invented regional airline industry. The Company intends to respond to that need.

Great Lakes provides scheduled passenger service to over 30 airports throughout the mid-west and western United States operating a fleet of Embraer EMB-120 Brasilias, and Beechcraft 1900D regional airliners. A current route map may be viewed by going to www.flygreatlakes.com/route_map/current_map.htm.

To view additional information, make travel reservations or purchase tickets on Great Lakes, visit www.flygreatlakes.com. You can also call the Great Lakes Reservations Center at 800-554-5111 or contact your local travel agent to arrange travel.