Filing Ch 11 Rumor
Sep 21, 2005, 1:45 pm
#1
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Join Date: Jan 2002
Location: The Great Mid-Atlantic
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Filing Ch 11 Rumor
Rumor is that Ch 11 is to be filed today. From an inside person, no further details.
Sep 21, 2005, 1:49 pm
#2
Join Date: Mar 1999
Location: SFO
Programs: United 1K
Posts: 2,264
Good news since that means they're not liquidating their assets (yet).
Sep 21, 2005, 3:15 pm
#3
Join Date: Jul 2004
Location: New Jersey, DC
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Posts: 538
Originally Posted by hilton-gold
Rumor is that Ch 11 is to be filed today. From an inside person, no further details.
Sep 21, 2005, 3:32 pm
#4
Original Poster
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Location: The Great Mid-Atlantic
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Originally Posted by prhs1989
When you file Ch. 11, you need assets. FLYI doesn't have any. From what I have heard, they may go straight to Ch. 7 and try and liquidate whatever they can.
Sep 21, 2005, 4:22 pm
#5
Join Date: Jan 2002
Location: Washington, DC, USA
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Is this a rumor mill or what? I don't know about you guys, but I'm headed out to Dulles to get me some souvenirs!
Sep 21, 2005, 4:53 pm
#6
Join Date: Mar 1999
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Save some for me. They are a wonderful airline.
Sep 21, 2005, 5:37 pm
#7
Join Date: May 2002
Location: South Park
Posts: 362
If only the people making posts like these (and the media) realised how far off base they are.
Cheers.
Cheers.
Sep 21, 2005, 6:17 pm
#8
Join Date: May 2001
Location: IAD
Posts: 6,146
Hopefully they are off base, and of course the same rumor went around both Monday and yesterday.
Sep 21, 2005, 6:28 pm
#9
Join Date: May 2002
Location: South Park
Posts: 362
Oh, you know, my post above wasn't as clear as I should have made it. I am not saying that financial trouble is far off base --- we all know that and will see how it plays out, but the daily speculation is off the mark.
Cheers.
Cheers.
Sep 22, 2005, 5:30 am
#10
Join Date: May 2001
Location: IAD
Posts: 6,146
Well it's another day, I suppose we'll get the same rumors?
Sep 22, 2005, 6:55 am
#11
Original Poster
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Originally Posted by whlinder
Well it's another day, I suppose we'll get the same rumors?
Sep 22, 2005, 10:33 am
#12
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article I can not read at online.wsj.com
[$$] FLYi Is Seeking Fresh Financing
at The Wall Street Journal Online (Tue, Sep 20)
Anyone able to read this article?
at The Wall Street Journal Online (Tue, Sep 20)
Anyone able to read this article?
Sep 22, 2005, 1:57 pm
#13
Join Date: Aug 2004
Location: Fairfield County, CT
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Posts: 213
Originally Posted by fajimenez
[$$] FLYi Is Seeking Fresh Financing
at The Wall Street Journal Online (Tue, Sep 20)
Anyone able to read this article?
at The Wall Street Journal Online (Tue, Sep 20)
Anyone able to read this article?
Sep 22, 2005, 4:12 pm
#14
Join Date: Nov 2004
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Originally Posted by fajimenez
[$$] FLYi Is Seeking Fresh Financing
at The Wall Street Journal Online (Tue, Sep 20)
Anyone able to read this article?
at The Wall Street Journal Online (Tue, Sep 20)
Anyone able to read this article?
Sep 22, 2005, 5:48 pm
#15
Join Date: May 2001
Location: IAD
Posts: 6,146
Latest rumor is this one:
No more IND, SWF, SDF, or JFK as of Oct. 30. No more SEA or SFO as of Nov 30. Ops being moved from JFK to LGA with 2 daily A319s as of Nov. 1. Also, starting mid Dec. Flyi will serve SJU with the A319.
Also saw this rumor on a different website:
Dropping SEA, SFO, IND, CLE, SDF, SWF and JFK. We are replacing them with LGA and San Juan, PR.
No more IND, SWF, SDF, or JFK as of Oct. 30. No more SEA or SFO as of Nov 30. Ops being moved from JFK to LGA with 2 daily A319s as of Nov. 1. Also, starting mid Dec. Flyi will serve SJU with the A319.
Also saw this rumor on a different website:
Dropping SEA, SFO, IND, CLE, SDF, SWF and JFK. We are replacing them with LGA and San Juan, PR.