Go Back  FlyerTalk Forums > Miles&Points > Discontinued Programs/Partners > Independence Air iClub
Reload this Page >

Detroit News article - Independence Air expected to fly into bankruptcy - this week?

Detroit News article - Independence Air expected to fly into bankruptcy - this week?

 
Old Sep 20, 05, 7:16 am
  #1  
Original Poster
 
Join Date: Mar 1999
Location: SFO
Programs: United 1K
Posts: 2,260
Detroit News article - Independence Air expected to fly into bankruptcy - this week?

Independence has burned through more than $100 million in cash in the past 16 months. That leaves $19.4 million in available cash, partly because the company sold four regional jets and returning 25 others to lessors.

http://www.detnews.com/2005/business...A01-320682.htm
jaguar is offline  

Thread Tools
Search this Thread