Lake Central Airlines
|Operating bases||Weir Cook Airport|
|Fleet size||Douglas DC-3, Convair 340, Convair 580, Beechcraft Bonanza and Nord 262.|
|Parent company||Employee owned|
|Headquarters||Indianapolis, Indiana, United States|
The airline was founded as Roscoe Turner Airlines; it was based at Weir Cook Airport (now Indianapolis International Airport) in Indianapolis, IN. Lake Central's network in the 1950s extended from Chicago to Pittsburgh; in August 1953 it scheduled flights to 21 airports and in May 1968 to 39. It used the Douglas DC-3, Convair 340, Convair 580, Beechcraft Bonanza and the Nord 262.
Like other Local Service airlines, Lake Central was subsidized; in 1962, its operating "revenues" of $10.8 million included $4.2 million "pub. serv. rev."
In February 1955, Lake Central Airlines became the first employee-owned scheduled airline in the history of the air transport industry. 162 employees (65% of the total) bought 97.5% of the outstanding stock, 25% outright and the rest financed over 24 months.
Accidents and incidents
- On March 5, 1967, Lake Central Flight 527, a Convair 580, crashed near Marseilles, Ohio, with the loss of all 38 passengers and crew.
- Moody's Transportation Manual 1964
- Aviation Week 21 Feb 1955 p111
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