Independence Air On Verge of Failure: ; Discount Airline May Not Even Have Enough Cash to Reorganize

Summary


morris@wvgazette.com

After more than a year of losing money, the parent of discount airline Independence Air appears to be running out of options.

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Independence Air On Verge of Failure: ; Discount Airline May Not Even Have Enough Cash to Reorganize

Not only is bankruptcy a looming possibility for FLYi Inc., but quarterly results released Tuesday reveal that it has so little cash left that it might have to shut down...

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