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Another One Bites the Dust: Island Air Declares Bankruptcy
In a month filled with carrier bankruptcy, the second-biggest airline in Hawaii, Island Air, has filed for Chapter 11, which will premit the carrier to maintain operations during the negotiation process. Currently, the carrier has a fleet of five leased Bombardier Q400 Turboprop aircraft.
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I love Island Air and fly them whenever I need to go to Oahu.
Appears Ryan does not understand what Chapter 11 means, issue appears to be related to aircraft leases. No indication that Island Air is going away any time soon, has some pretty sold backers - including Larry Ellison: http://westhawaiitoday.com/news/state-wire/island-air-files-bankruptcy-amid-aircraft-lease-dispute