Independence Air Gets New Life
Feb 23rd, 2005 | By Jared BlankIndependence Air finally has some good news after a week of missed payments and airplane repossessions: They have done some serious restructuring that should give them a major boost towards actually making it through the year. Most importantly, they will return 24 regional jets and 21 turboprops, and they will put off $70 million in lease payments due this year until next year. Plus, their CEO said that their March load factors will approach 70%, a huge jump from their sub-50% figures in January. All-in-all, a good omen for the fledgling airline.