View Full Version : Ughhh! Independence Air
News reports say Independence Air my file Chapter 7 today. That's 7, not 11. We bought our tix for our November trip on them. :worried: I wonder if we can get our money back from Visa if it happens. :confused3
09-20-2005, 10:43 AM
You SHOULD be okay since you purchased on a VISA. They will cover you as they have a huge amount of cash the airlines must post to cover them in exactly this case.
09-20-2005, 01:46 PM
OH! That is not good!
But are you sure? I have done about three internet searchs and can't find anything on any of the major news sources. Seems like someone would pick this one up.
ETA: I found something on the Detroit News... they say it could go either way...
Independence Air, the scrappy low-fare upstart that challenged Northwest in Detroit and Lansing, is expected to be the next airline to fly into bankruptcy -- perhaps as early as today, several analysts predicted Monday.
The Virginia-based airline, which launched 16 months ago with one-way fares as low as $29, is expected to file for Chapter 11 and try to reorganize, or liquidate under Chapter 7, analysts said.
A bankruptcy filing by Independence Air would show that even low-cost airlines -- especially those without solid cash reserves -- are struggling to survive the crisis buffeting the U.S. airline industry.
09-20-2005, 01:52 PM
posted before Carol edited her post.
09-20-2005, 02:17 PM
Ben Mutzabaugh's column in USA Today (eye in the sky) discusses it today. Even he says he doesn't know if they will go Chapter 11 or 7.
09-20-2005, 10:37 PM
I just finished getting my back-up plans in place. We are supposed to FlyI to WDW next week! I have copies of our CC statements and customer service phone #, itineraries and the United info to book if needed in a nice little packet. DH has explicit instructions ;) about what to do should they announce Chapter 7.
What's a little more stress at this point. UGH!!
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