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ScanFlyer Mile High Club
Independence Air lender repossesses a plane
(Source : Washington Post, February 12, 2005)
The parent of financially troubled Independence Air said late Friday that a lender had repossessed one of the airline's 73 leased regional jets. Flyi said the lender, which it did not identify, filed suit against the carrier in New York after it failed to make a lease payment due last month. The disclosure by Flyi comes at a critical time for the Dulles-based carrier, which has been struggling to avoid filing for protection from its creditors. Flyi's spokesman said the repossession of the single jet will not affect the airline's schedule of flights, but he declined to comment further. Flyi serves 39 cities out of Dulles with its 50-seat regional jets and 132-seat Airbus A319s. Last month, Flyi said it agreed with a major creditor, GE Capital Aviation Services, to return as many as 20 of its regional jets in an effort to avert a bankruptcy filing.
Full Story: http://www.washingtonpost.com/wp-dyn/articles/A17560-2005Feb11.html
(Source : Washington Post, February 12, 2005)
The parent of financially troubled Independence Air said late Friday that a lender had repossessed one of the airline's 73 leased regional jets. Flyi said the lender, which it did not identify, filed suit against the carrier in New York after it failed to make a lease payment due last month. The disclosure by Flyi comes at a critical time for the Dulles-based carrier, which has been struggling to avoid filing for protection from its creditors. Flyi's spokesman said the repossession of the single jet will not affect the airline's schedule of flights, but he declined to comment further. Flyi serves 39 cities out of Dulles with its 50-seat regional jets and 132-seat Airbus A319s. Last month, Flyi said it agreed with a major creditor, GE Capital Aviation Services, to return as many as 20 of its regional jets in an effort to avert a bankruptcy filing.
Full Story: http://www.washingtonpost.com/wp-dyn/articles/A17560-2005Feb11.html
