Archive for September 22nd, 2009

The writing was pretty much on the wall for this one. N.C. Department of Insurance charged William Charges Rodgers with failing to make insurance payments for employee insurance coverage saying he knowingly terminated his group health insurance without providing the required 45-day notice to his 337 employees. William Rodgers is CEO of Winston-Salem’s PACE Airlines which he bought several months back. NCDOI news release (see below) states Rodgers was arrested at PTIA this afternoon although they did not say if he was coming or going from the airport however WRAL in Raleigh reports Rodgers had just arrived at PTIA.

An informational meeting for Pace employees has been scheduled for Tuesday, Sept. 29, from 10 a.m. to noon at the Lawrence Joel Veterans Memorial Coliseum. More information can be found at the NCDOI’s Web site.

Stuart Carnie was quoted as saying, “The wrong man is in handcuffs. The previous owners of Pace did not pay the premiums, we paid the past three months insurance premiums to Blue Cross-Blue Shield. We just wrote a check last week for $223,000." You may remember the name Stuart Carnie as he is the PACE Executive that had his vehicle broken into and a GPS stolen which Rodgers citied as one of the reasons he was suspending operations, to protect his employees from violence.

PACE Airlines is past due on it’s lease agreements with Smith Reynolds, behind in FAA fees and has as much as $20 million in outstanding bills many of which date back to before Rodgers bought the troubled outfit. Recently they lost their maintenance contract with Continental Airlines with the rumor being Continental was concerned with the financials and the possibility of getting equipment stuck in the mix or plans stranded at Smith Reynolds Airport.

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