LN-MOW
16-03-2006, 12:56
http://biz.yahoo.com/ap/060310/northwest_subsidiary.html?.v=3
Northwest Airlines Corp. said it has bought the operating certificate of bankrupt FLYi Inc., a key move toward starting a new subsidiary for regional flying.
Northwest will pay $2 million for the certificate, FLYi disclosed in a bankruptcy court filing. The Federal Aviation Administration requires airlines to have operating certificates, and buying someone else's is considered easier than completing the paperwork to start one from scratch.
Northwest Airlines Corp. said it has bought the operating certificate of bankrupt FLYi Inc., a key move toward starting a new subsidiary for regional flying.
Northwest will pay $2 million for the certificate, FLYi disclosed in a bankruptcy court filing. The Federal Aviation Administration requires airlines to have operating certificates, and buying someone else's is considered easier than completing the paperwork to start one from scratch.