“Regional airlines operate half the nation’s scheduled flights, but now, several of those carriers are being closed or are in bankruptcy court protection. As a result, many smaller communities may lose some or all of their air service.   Regional airlines also worry that a new rule being devised by the FAA that would require co-pilots to have the same 1,500 hours in the air as captains could result in fewer pilots to fly regional routes, that they’ll go to better-paying jobs at big airlines, or even to piloting cargo or business jets.  Many smaller cities could be left with fewer flights or no flights at all.”

http://www.usatoday.com/money/industries/travel/story/2012-08-20/Regional-airlines-face-closings-bankruptcy/57169432/1

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