Flyi to End Flights After Thursday
|
TOOLBOX
   Resize
COMMENT
 Discussion Policy
 CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Who's Blogging  |
Monday, January 2, 2006; 10:55 AM
Flyi Inc, parent of low-fare airline Independence Air, said Monday it will discontinue flights after Thursday evening because of its continued financial challenges.
The company had warned last week that it would cease operating Jan. 7 if it was unable to find a major investor or buyer.
Flyi, which filed for bankruptcy protection in November, said it is now seeking bankruptcy court approval to automatically refund customers with reservations for flights scheduled to depart beyond Thursday at 7 p.m.
"While we've been clear in reminding everyone that this was a possibility, we remained optimistic that there would be a way to avoid reaching this juncture," Independence Air Chairman and Chief Executive Kerry Skeen said. "To date there has not been a firm offer put forward that meets the financial criteria necessary to continue operations as is."
Independence Air began service in June 2004 and currently offers more than 200 daily departures to 37 destinations.
