Independence Air Bankrupt? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.13.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

Airborne Hi-Def On YouTube

Airborne 04.13.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

Fri, Aug 12, 2005

Independence Air Bankrupt?

Carrier's Chief Says He May Have To File Chapter 11

Just 14 months after it was launched, Washington, DC-based Independence Air's CEO said his company would file for bankruptcy. USA Today reports the carrier could liquidate.

"We can't provide assurances that our efforts (to borrow cash) will be successful," USA Today quoted CEO Kerry Skeen as saying. "We realize there are tough times ahead."

Skeen had predicted the upstart airline would turn a profit this year. But skyrocketing fuel prices and bitter fare wars led to triple Independence's losses in the second quarter of this year. Skeen has reportedly said he will trim 15-percent of flights from the schedule starting next month.

FMI: www.flyi.com

Advertisement

More News

Airborne 04.15.15: Eclipse/Kestrel Game-Changer!, SpaceX Launches, Flight Design

Also: Papillon's 50th Anniversary, Recrafting Paul’s Game-Changing Baby Ace, Beechcraft Fined, FreeFlight Software, Rotorcraft Safety Conference, NexNav Intro's Call it the A>[...]

Airborne 04.16.15: Record-Setting AEA15, 9000 RVs!!!, ULA's 'Vulcan'

Also: DJI Phantom 3, API Update, Skyhawks In China, Air Methods Fined, Naming Pluto Features, Era Group Sale The 58th annual Aviation Electronics Association International Conventi>[...]

AD: Pilatus Aircraft Ltd. Airplanes

AD NUMBER: 2015-07-04 PRODUCT: PILATUS Aircraft Ltd. Model PC-7 airplanes.>[...]

AD: The Boeing Company Airplanes

AD NUMBER: 2015-07-07 PRODUCT: Certain Boeing Model 777-200, -200LR, -300ER, and 777F series airplanes.>[...]

ANN's Daily Aero-Linx (04.17.15)

da Vinci Ornithopter The concept of an ornithopter, an aircraft which flies by virtue of flapping wings like a bird, has been around literally for centuries. One of the first to pu>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC