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 05.02.16

Airborne 05.03.16

Airborne 05.04.16

Airborne 05.05.16

Airborne 05.06.16

Airborne Hi-Def On YouTube

Airborne 05.02.16

Airborne 05.03.16

Airborne 05.04.16

Airborne 05.05.16

Airborne 05.06.16

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 05.05.16: Huerta at AUVSI, F22 Coming Back?, Flt School Leaves SMO

Also: Canadian Airshows, SAFE, Airbus A350 XWB, Master Instructors, No-Fly Violin, Brussels Reopens, Echodyne Speaking yesterday at the AUVSI XPONENTIAL conference in New Orleans, >[...]

Airborne 05.05.16: Huerta at AUVSI, F22 Coming Back?, Flt School Leaves SMO

Also: Canadian Airshows, SAFE, Airbus A350 XWB, Master Instructors, No-Fly Violin, Brussels Reopens, Echodyne Speaking yesterday at the AUVSI XPONENTIAL conference in New Orleans, >[...]

Aero-News: Quote Of The Day (05.06.16)

“This resolution expresses our thanks to the brave aviators who serve in the Coast Guard for their heroic life-saving efforts and instrumental role in keeping our nation safe>[...]

ANN's Daily Aero-Linx (05.06.16)

NTSB Aviation Accident Database The NTSB aviation accident database contains information from 1962 and later about civil aviation accidents and selected incidents within the United>[...]

ANN's Daily Aero-Term (05.06.16): Nonapproach Control Tower

Authorizes aircraft to land or takeoff at the airport controlled by the tower or to transit the Class D airspace. The primary function of a nonapproach control tower is the sequenc>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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