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 06.27.16

Airborne 06.28.16

Airborne 06.22.16

Airborne 06.23.16

Airborne 06.24.16

Airborne Hi-Def On YouTube

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.22.16

Airborne 06.23.16

Airborne 06.24.16

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!

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 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

Airborne 06.24.16: ADS-B Analysis, NavWorx Price Drop, ALPA v Transport Canada

Also: Porker Of The Month, Aviation BBB?, Super Puma, AirVenture Events, FedEx 767s, Solar Impulse, Sikorsky Flight Safety Foundation has released the study "Benefits Analysis of S>[...]

Airborne 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

United, AFA Reach Agreement For Flight Attendants

Brings All FAs Into A Single Work Group For Collective Bargaining An agreement on terms of a joint contract that would bring the airline’s more than 25,000 flight attendants >[...]

ANN's Daily Aero-Linx (06.28.16)

FAA Online N Number Registry Renewal This site is provided to allow the renewal of a currently reserved N-number.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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