SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 14, 1996
Vanguard Airlines, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-27034 48-1149290
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
30 N.W. Rome Circle, Mezzanine Level, Kansas City
International Airport, Kansas City, Missouri 64153
(Address of principal executive offices including zip code)
Registrant's telephone number, including area code (816) 243-2100
Page 1 of 4
Exhibit at Page 4<PAGE>
Item 5. Other Events.
On October 14, 1996, Russell W. Meyer, Jr. resigned from
his position as a board member of Vanguard Airlines, Inc. (the
"Company"). Mr. Meyer is Chairman and Chief Executive Officer
of Cessna AircraftCompany. Mr. Meyer's obligations and
commitments at Cessna as it expands its jet business and reenters
production of single-engine aircraft prompted Mr. Meyer's
resignation. The Board of Directors will consider whether to fill
the vacancy on the Board created by Mr. Meyer's resignation.
The Company issued a press release on October 18, 1996,
announcing the resignation of Russell W. Meyer, Jr. as a board
member, a copy of which is attached hereto as Exhibit A.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registranthas duly caused this Report to be signed on
its behalf by the undersigned hereunto duly authorized, in the City
of Kansas City, State of Missouri, on October 18, 1996.
VANGUARD AIRLINES, INC.
By /s/ Robert J. McAdoo
Robert J. McAdoo
Chairman of the Board, President and Chief
Executive Officer
<PAGE>
EXHIBIT A
PRESS RELEASE
CONTACT: Randy Smith (816) 243-2113
For Immediate Release
RUSSELL W. MEYER, JR. RESIGNS FROM VANGUARD
AIRLINES' BOARD OF DIRECTORS
Kansas City, MO---October 18, 1996---Vanguard Airlines,
Inc. (the "Company")(NASDAQ: VNGD) announced today
that board member, Russell W. Meyer, Jr., resigned as of
October 14, 1996 from the Board of Directors. Mr. Meyer,
Chairman and Chief Executive Officer of Cessna Aircraft
Company, resigned due to time constraints and Mr. Meyer's
obligations and responsibilities at Cessna as it expands its jet
business and reenters production of single-engine aircraft.
Bob McAdoo, Chairman and CEO of Vanguard said, "Mr.
Meyer has provided invaluable support and service to the
Company, and we are disappointed by his departure."
Vanguard Airlines, which began service in December
1994 and is headquartered in Kansas City, is a low-price,
short- to medium-haul passenger airline providing
convenient, scheduled jet service to 13 cities throughout
the West, Rocky Mountains and Midwest. Vanguard
currently serves Chicago-Midway, Cincinnati, Dallas/Ft. Worth,
Denver, Des Moines, Kansas City, Los Angeles,
Minneapolis/St. Paul, Phoenix, Salt Lake City, San Francisco,
Seattle and Wichita. In addition, Vanguard operates some
charter services. The Company currently employs 568 people
and operates a fleet of eight aircraft, consisting of two Boeing
737-300s and six Boeing 737-200s.
