jcodespoti
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- Joined
- Nov 10, 2000
- Messages
- 618
you might want to have a back-up plan if you have tickets.
By Keith L. Alexander and Bill Brubaker
The Washington Post
Updated: 8:29 a.m. ET Dec. 29, 2005
Flyi Inc, the parent company of Independence Air, will cease operating Jan. 7 if it is unable to find a major investor or buyer, the airline said in a letter received by its employees this week.
In the letter to its unionized workers, including pilots, flight attendants and mechanics, the Dulles-based airline said that without "significant external investment," it would stop flying in 10 days and lay off workers at all of its locations from Jan. 7 to Jan. 21.
Flyi filed for Chapter 11 bankruptcy protection in November. At that time, the financially struggling carrier said it was searching for a major investor, and absent that would sell off its assets.
Joe in CT
By Keith L. Alexander and Bill Brubaker
The Washington Post
Updated: 8:29 a.m. ET Dec. 29, 2005
Flyi Inc, the parent company of Independence Air, will cease operating Jan. 7 if it is unable to find a major investor or buyer, the airline said in a letter received by its employees this week.
In the letter to its unionized workers, including pilots, flight attendants and mechanics, the Dulles-based airline said that without "significant external investment," it would stop flying in 10 days and lay off workers at all of its locations from Jan. 7 to Jan. 21.
Flyi filed for Chapter 11 bankruptcy protection in November. At that time, the financially struggling carrier said it was searching for a major investor, and absent that would sell off its assets.
Joe in CT
