FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: June 30, 1995
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
Not Applicable
PART I - Registrant Information
CCAIR, INC.
4700 Yorkmont Road, Second Floor
Charlotte, North Carolina 28208
PART II - Rules 12b-25(b) and (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to
Rule 12b-25(b) the following should be completed. (Check box if
appropriate)
[X] (a) The reasons described in reasonable detail in Part III
of this form could not be eliminated without unreasonable effort
or expense;
[X] (b) The subject annual report, on Form 10-K, will be filed
on or before the fifteenth calendar day following the prescribed
due date; and
[ ] (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable. (Not Applicable)
<PAGE>
PART III - Narrative
The Registrant's Form 10-K could not be filed within the
prescribed period without unreasonable effort or expense because
the Registrant could not resolve issues recently raised regarding
future filings by the SEC Comment Letter dated August 29, 1995,
regarding CCAIR, Inc.'s Post Effective Amendment No. 1 on
Form S-2, Form 10-K (June 30, 1994), Forms 10-Q (September 30,
1994, December 31, 1994, and March 31, 1995), by the due date
of Form 10-K. The Registrant must clarify the issues
raised by the SEC Comment Letter in order to issue complete and
accurate financial statements, which provide the basis for an
accurate filing of Form 10-K.
PART IV - Other Information
(1) Name and telephone number of person to contact in
regard to this notification
W. Scott Cooper, Esquire (704) 334-0891
(2) Have all other periodic reports required under section
13 or 15(d) of the Securities Exchange Act of 1934 or section 30
of the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in
results of operations from the corresponding period for the last
fiscal year will be reflected by the earnings statements to be
included in the subject report or portion thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
It is anticipated that there will be a significant change in
the results of operations for the fiscal year ended June 30, 1995
as compared to the fiscal year ended June 30, 1994 (the "prior
fiscal year"). In the prior fiscal year, the Registrant reported
a loss of $4,755,769. For the fiscal year ended June 30, 1995
the operating results have significantly improved. However, due
to the issues raised by the SEC Comment Letter of August 29, 1995
the operating results are not yet definitively quantifiable. The
Registrant reasonably expects to have net income less than $1
million dollars or a net loss not exceeding $300,000. The
improvement in operating results is primarily due to a reduction
in costs.
<PAGE>
CCAIR, INC. has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Date. September 29, 1995 By: (Signature of Kenneth W. Gann
appears here)
Name: Kenneth W. Gann
Title: President
<PAGE>
INSTRUCTION: The form may be signed by an executive officer of
the registrant or by any other duly authorized representative.
The name and title of the person signing the form shall be typed
or printed beneath the signature. If the statement is signed on
behalf of the registrant by an authorized representative (other
than an executive officer), evidence of the representative's
authority to sign on behalf of the registrant shall be filed with
the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001)
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240,
12b-25) of the General Rules and Regulations under the Securities
Exchange Act of 1934.
2. One signed original and four conformed copies of this
form and amendments thereto must be completed and filed with the
Securities and Exchange Commission, Washington, D.C. 20549, in
accordance with Rule 0-3 of the General Rules and Regulations under
the Act. The information contained in or filed with the Form will
be a matter of the public record in the Commission files.
3. A manually signed copy of the form and amendments thereto
shall be filed with each national securities exchange on which any
class of securities of the registrant is registered. NASDAQ - no
exchange
4. Amendments to the notifications must also be filed on Form
12b-25 but need not restate information that has been correctly
furnished. The form shall be clearly identified as an amended
notification.
5. Electronic Filers. This form shall not be used by
electronic filers unable to timely file a report solely due to
electronic difficulties. Filers unable to submit a report within
the time period prescribed due to difficulties in electronic
filing should comply with either Rule 201 or Rule 202 of
Regulation S-T ((Section Mark)232.201 or (Section Mark)232.202 of
this chapter) or apply for an adjustment in filing date pursuant to
Rule 13(b) of Regulation S-T ((Section Mark)232.12(c) of this
chapter). [Added in Release No. 34-31905 ((Paragraph Mark)85,111),
effective April 26, 1993, 58 FR 14628.]
