Independence Air to stop operating this month
The aviation market in the United States might be showing impressive comeback but not everyone seems to be doing well enough. One of the many smaller airline company Independence Air has announced that they are going to stop their operations from the January 5, as they have no further ways to continue operating in the US market. The company has also failed to find offers, which would enable it to keep their planes flying on their routes.
Independence Air has also announced as per their current schedule, their last flight would leave White Plains in New York at 7:26 p.m. local time. They are also planning to seek the approval from the local courts to refund tickets for flights scheduled after that time. Independence Chief Executive Kerry Skeen said in a statement: â€œThis is a profoundly sad day for all of us.â€
The company had already filed for bankruptcy in the month of November. The company said that at the time of filing for bankruptcy they had enough funds to continue operating for like another two months. Independence Air was previously known as the Atlantic Coast Airlines Holdings Inc. They started their low cost flying operations in June 2004 after ending a collaborative deal with the UAL Corp.’s United.
The company had earlier claimed that they had several offers in hand and that a number of parties had shown interest in the company. However, now they have confirmed that none of the deals worked out in their favor.