KANSAS CITY, Kan. -- Vanguard Airlines, which lost $26 million last
year, got an infusion of cash and a new president.
Existing major shareholders have agreed to purchase $7.5 million
in stock, with $3.5 million advanced before close of the stock
sale, Vanguard said.
Scott Dickson, a vice president at Grupo TACA, became the
airline's president May 1.
Dickson succeeds Jeff Potter, who resigned and took a job as
chief operating officer and executive vice president at Frontier,
where he had worked before joining Vanguard about a year ago.