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 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

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 12.02.16: Stratos 714 1st Flt, TFR Politics, Airbus Job Cuts

Also: Female Skydive Record, ANN November Efforts, Dream Chaser, SecTrans Reax, FAA SAFO, Able Flight, Airline Group Grounded On November 21, the Stratos 714 very light jet took to>[...]

Aero-News: Quote of the Day (12.04.16)

“All three institutions have now sent a strong signal in favour of modernizing the Agency and the European aviation system as a whole. There is clear political will to ensure>[...]

Yingling Aviation Named Garmin Integrated Flight Deck Dealer

Wichita-Based Center Is Authorized To Sell And Install Garmin G1000 Through G5000 Avionics On Broad Range Of Business Aircraft Yingling Aviation has been named a Garmin Integrated >[...]

ANN's Daily Aero-Linx (12.04.16)

Aero Linx: The Colorado Airport Operators Association (CAOA) The Colorado Airport Operators Association (CAOA) serves the common interests of the owners, operators and users of the>[...]

ANN's Daily Aero-Term (12.04.16): Downburst

Downburst A strong downdraft which induces an outburst of damaging winds on or near the ground. Damaging winds, either straight or curved, are highly divergent. The sizes of downbu>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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