Originally Posted by dax431

Press Release Source: FLYi, Inc.


FLYi, Inc. Announces Receipt of Expressions of Interest
Monday December 5, 5:28 pm ET


DULLES, Va., Dec. 5 /PRNewswire-FirstCall/ -- FLYi, Inc. (Nasdaq: FLYIQ - News), parent of low-fare airline Independence Air announced today that it has received a number of expressions of interest from parties interested in participating in its court-supervised auction process. The various expressions of interest include proposals to acquire the company as a going concern, to invest in the company, and to acquire specific assets. The company is working with its financial advisors in consultation with its Creditors Committee to evaluate these expressions of interest and to consider alternatives that will maximize the value of the estate. As previously stated, the company believes that the value of its estate will be maximized in a going concern transaction, whether pursuant to an investment proposal or a going concern sale proposal.