Independence Air flies into Chapter 11

Saturday, 08 Nov, 2005 0

Flyi is the latest airline to file for Chapter 11.

Flyi launched low-fare independence Air a year ago at Washington’s Dulles International Airport.

Flights will operate on their regular schedules and customers should not expect disruptions, said an airline spokesman.

The airline said it hoped a court-supervised auction will attract a new investor in the next two months.

Independence fares were as low as $29, but the airline’s planes were often half empty, said the Associated Press.

Flyi operated as a contract carrier for Delta and United until more than a year ago when it went independent.

The airline suffered from bad timing because of steeply rising fuel costs, executives said.

Report by David Wilkening



 

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