A Nail In Southeast's Coffin? | 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 02.08.16

Airborne 02.09.16

Airborne 02.10.16

Airborne 02.04.16

Airborne 02.05.16

Airborne Hi-Def On YouTube

Airborne 02.08.16

Airborne 02.09.16

Airborne 02.10.16

Airborne 02.04.16

Airborne 02.05.16

Tue, Jan 04, 2005

A Nail In Southeast's Coffin?

New York Jury Rules Against Defunct Airline Over Unpaid Debts

Perhaps, given Southeast Airlines' financial woes, this won't make much difference. But a New York jury last week smacked the company with a $3.7 million judgement in the latest lawsuit over Southeast's debts.

As ANN reported last month, Southeast abruptly shut down, leaving its 350 or so workers with rubber paychecks and stranding hundreds of passengers. The shutdown came just six days before it was dragged into court by Aviation Services International.

The affiliate of Israel Aircraft Industries accused Southeast of welshing on about $5 million in debt for services and parts. Last Wednesday, the jury agreed and awarded ASI $3.7 million.

Now, it appears, company leaders and lawyers have gone to ground. The Tampa Bay Business Journal tried to call Southeast owner Paul Thomas Kolfenbach and other managers -- but to no avail. A call to the airline's New York lawyer went unanswered and unreturned.

It was the latest in a series of judgments against Southeast. Last March, the Business Journal reports a California company was awarded $4.62 million on its claim that Southeast had failed to make the payments on two of its aircraft.

Now, a fuel supplier is in court, demanding what's left of Southeast pay $150,000 already awarded in a settlement over unpaid fuel bills.

"I think we should push them into bankruptcy," ASI attorney Steve Wagner told the Business Journal last week. "That way, we could get a trustee to start following the (assets). I just have to find two other unsecured creditors, and I'm sure there are some creditors angry at Southeast."

FMI: www.flyseal.com

Advertisement

More News

Airborne 02.09.16: Garmin ADS-B TXP, LEO Helo v UAV, CA Mid-Air

Also: Blue Origin, Aero-Calendar, FA Legislation, F-35C Update, Delta Succession, First SLS Flight, PWC History Garmin has a game changer going as they announced their new GTX 345 >[...]

AD: Airbus Helicopters Deutschland GmbH Helicopters

AD NUMBER: 2016-03-05 PRODUCT: Airbus Helicopters Deutschland GmbH (Airbus Helicopters) Model MBB-BK 117 C-2 helicopters with a certain Goodrich rescue hoist damper unit (damper un>[...]

AD: Turbomeca S.A. Turboshaft Engines

AD NUMBER: 2016-03-02 PRODUCT: All Turbomeca S.A. ARRIEL 2C, 2C1, 2C2, 2S1, and 2S2 turboshaft engines with modification TU34 or TU34A installed.>[...]

ANN's Daily Aero-Linx (02.10.16)

Drone Webinar Video One of the hottest segments of aviation right now involves Unmanned Aerial Systems (UAS), commonly called drones. Whether for fun, for agriculture or for first >[...]

ANN's Daily Aero-Term (02.10.16): Clear Air Turbulence (CAT)

Turbulence encountered in air where no clouds are present. This term is commonly applied to high-level turbulence associated with wind shear.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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