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 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

Airborne Hi-Def On YouTube

Airborne 05.23.16

Airborne 05.24.16

Airborne 05.25.16

Airborne 05.26.16

Airborne 05.27.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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

Toledo Police Helicopter May Be Grounded

Department Seeks Grants To Help Keep Aircraft Flying The police department in Toledo, OH may be forced to ground its helicopter unless it is able to identify a grant for the $300,0>[...]

Bill Gordon Lost In Hudson River P-47 Ditching

Despite What Appeared To Be A Decent Ditching Effort, An Outstanding Pilot Was Lost The airshow community has suffered its second tragedy in nearly as many weeks as long-time warbi>[...]

Aero-News: Quote Of The Day (05.29.16)

"Putting the world's largest satellite constellation into orbit is an enormous task and Arianespace is ideally suited to launch the initial constellation, allowing OneWeb to start >[...]

ANN FAQ: How To Get YOUR News Out On Aero-News

Good News, Bad News... It's ALL News As the preeminent online aviation news resource out there, the editorial staff at Aero-News sees a large number of news releases. We look at al>[...]

Dubai-Based Business Jet Operator Enhances In-Flight Wi-Fi Services

Empire Aviation Group Selects Honeywell Technologies For Its Entire Fleet Honeywell has signed an agreement with Empire Aviation Group to provide its full suite of GoDirect connect>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC