Read more »

"/>

Independence Air Files for Chapter 11 Bankruptcy

In a surprise to absolutely no one, Independence Air filed for Chapter 11 bankruptcy protection today, noting that it will auction off the pieces of the company in the next two months. It has been a bumpy ride for the carrier since the day they launched. The crazy part is that prior to becoming Independence Air, they were a profitable regional carrier called Atlantic Coast Airlines. After re-launching as a lowfare carrier, they faced extraordinary competition and competitive response from other airlines, as well as an unworkable cost structure because of their fleet of regional jets.

Did you enjoy this post?
Sign Up to Receive 1 Email Each Day
Join the more than 7000+ people who get 1 email each day with all the airline news, credit card ideas and general nonsense we've provided for more than 10 years.

Leave a Comment


NOTE - You can use these HTML tags and attributes:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>