Gulfstream International Airlines faces penalty on violation of overworking its crew, unapproved air conditioner installation and improperly maintained vent blowers on the fleet of 27 BE-1900-D aircraft.

It will face $1.3 million of civil penalty, the Federal Aviation Administration said Thursday. The discrepancies resulted in scheduling crew members in excess of daily and weekly flight time limitations.

Recently, Florida - Based Company did not met the compliance of the minimum stock holders to get through in the NYSE Amex listing, with $2,000,000 less than of equity and losses from continuing operations and net loss in the recent fiscal year.

It also posted its first quarter net income of $730,000 or $0.19 per share ended March 31, 2009 compared to a net income loss of $1,286 million or $0.44 per share in the same quarter last year. And Revenue decline of 24.6 percent to $23.6 million compared with $31,255 a year earlier.