Independence Air announces deadline.

Dav8tor

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Airline announces deadline for bidders By Roger Yu, USA TODAY
Dulles, Va.-based Independence Air on Thursday set a Dec. 16 deadline for investors to submit bids to buy the whole airline or just some of its assets.
The small airline, which flies mainly in the East, filed Chapter 11 bankruptcy this week in Delaware. It's seeking to sell itself in whole or part to keep its planes flying. The airline says it expects to keep flying at least until early January regardless of the outcome of the bidding.
Meanwhile, company spokesman Rick DeLisi said the airline, which already has cut flights by more than half, is attempting to cut operating costs deeper.
"We're doing this to present the most attractive possible package for potentially interested investors or purchasers," he said. "We don't want to offer speculation on the potential outcome of the process."
Seventeen-month-old Independence Air operates 230 daily flights from its base at Washington Dulles airport. The airline has set Dec. 1 as the deadline for potential bidders to express their interest. If the airline receives more than one qualified bid for its assets, an auction will take place on Jan. 3 at its lawyers' offices.
Independence Air reassured its 2,800 employees this week that management is talking to unnamed potential investors.
Bankruptcy lawyer William Wallander of the Dallas office of Vinson & Elkins said it's rare for a company to enter Chapter 11 looking to sell itself. More commonly, he said, companies attempt to shed debt by giving investors an ownership stake in a reorganized business.
Before launching as a low-cost, independent airline, Independence Air's corporate parent, Flyi, was known as Atlantic Coast and operated as a feeder under contract with Delta and United.
With some of its planes no longer in operation, the company is looking to terminate leases or sell the few that they own. It is also seeking court permission to cancel some of its leases on 50-seat regional jets, which are the mainstay of its active fleet.
 

great cornholio

Are you threatening me??
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Anyone know what happens to people that have a ticket for like Jan 20th if the airline closes down on Jan 1st? Not just talking about Fly I, but on any airline. My friend asked me this the other night and I said I didn't know for sure, but I figured that the pax would be screwed and would be out the price of the ticket.
 

jetfo

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A lot of times other airlines will offer standby travel as a curtesy to stranded travelers.
 

CoATP

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If you paid with a CC you can get your $$ back if not accomodated. If you paid with cash or check you are SOL.
 

Jet_Driver

"There I was...."
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Thank goodness

I know this must be tough as hell on you Fly I guys, but I am glad that the I might be seen no more. The fewer airlines out there prostituting themselves, the better the industry as a whole will be.

I can't remember the movie, or even the exact quote (maybe Armageddon) it was something regarding a question "Aren't you glad we're strapped to a machine going 5 times the speed of sound and the contract to build it went to the lowest bidder."

That is any industry, people will gravitate to the cheapest ride. That isn't necessarily a good thing. How long before safety will be compromised? I won't cry a bit if Fly I disappears.

Let's raise the ticket prices for goodness sake.
 

79%N1

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Jet_Driver said:
I know this must be tough as hell on you Fly I guys, but I am glad that the I might be seen no more. The fewer airlines out there prostituting themselves, the better the industry as a whole will be.

I can't remember the movie, or even the exact quote (maybe Armageddon) it was something regarding a question "Aren't you glad we're strapped to a machine going 5 times the speed of sound and the contract to build it went to the lowest bidder."

That is any industry, people will gravitate to the cheapest ride. That isn't necessarily a good thing. How long before safety will be compromised? I won't cry a bit if Fly I disappears.

Let's raise the ticket prices for goodness sake.
Ouch, man......very ouch!!!!
 

arthompson

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Do you really think the death of FlyI is going to change anything? It may temporarily reduce capacity and increase fares but it will only be temporary. We have seen airlines come and go, there capacity has never left the market. When the airplanes are no longer in I-Air colors they will be returned to the sky and add capacity for someone else.
 

737 Pylt

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arthompson said:
Do you really think the death of FlyI is going to change anything? It may temporarily reduce capacity and increase fares but it will only be temporary. We have seen airlines come and go, there capacity has never left the market. When the airplanes are no longer in I-Air colors they will be returned to the sky and add capacity for someone else.
Well said. The liquidation (if, big if) it happens, won't mean squat to an industry flooded with seats. Only if a legacy or a larger LCC were to go under MIGHT it have an impact. I only feel sad that there are still folks out there wishing that airlines go out of business.
737
 

GogglesPisano

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FlyI accounted for 0.6% of the domestic market.
 

Frequency

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coincidence?
---------------

AirTran Airways Expands Service From Washington Dulles
Thursday November 10, 2:03 pm ET

New Nonstop Service to Orlando and Boston from Dulles

ORLANDO, Fla., Nov. 10 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI - News), today announced that the airline will add new daily roundtrip flights from Washington Dulles International Airport to Orlando International Airport, effective January 4, 2006, and Boston's Logan International Airport, effective February 15, 2006. The new flights will be served by the airline's popular Boeing 717 and Boeing 737 aircraft.
"AirTran Airways is responding to the demand from our customers for increased service to popular vacation and business markets," said Kevin Healy, AirTran Airways' vice president of planning and sales. "Travelers from the Washington, DC, area have clearly embraced AirTran Airways' low-cost, high-quality air service. Our product combines key business attributes -- new Boeing aircraft, assigned seating, large overhead bins and business class -- with low fares that never require roundtrip purchase or a Saturday night stay, which all of our customers appreciate. With these new flights, AirTran Airways will expand our schedule to eleven daily departures nonstop from Washington Dulles to three cities: our Atlanta hub, Orlando and Boston. From the Washington Metro area, we will offer more than 55 daily departures from Dulles, Reagan-National and BWI to a dozen cities. Soon, we expect to announce service from the Washington area to Chicago starting this spring."
AirTran Airways will offer the following additional daily nonstop flight options to/from Washington Dulles International Airport:
AirTran Airways, one of America's largest low-fare airlines with 6,700 friendly, professional Crew Members, operates over 500 daily flights to 49 destinations. The airline's hub is at Hartsfield-Jackson Atlanta International Airport, where it is the second largest carrier. AirTran Airways recently added the fuel-efficient Boeing 737-700 aircraft to create America's youngest all-Boeing fleet. The airline is also the first carrier to install XM Satellite Radio on a commercial aircraft. For reservations or more information, visit http://airtran.com (America Online Keyword: AirTran).
 

Saabslime

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AirTran Airways Expands Service From Washington Dulles
Go away. We will crush you like grape.:uzi:
 

Sharmoota

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Jet_Driver said:
I know this must be tough as hell on you Fly I guys, but I am glad that the I might be seen no more. The fewer airlines out there prostituting themselves, the better the industry as a whole will be.

I can't remember the movie, or even the exact quote (maybe Armageddon) it was something regarding a question "Aren't you glad we're strapped to a machine going 5 times the speed of sound and the contract to build it went to the lowest bidder."

That is any industry, people will gravitate to the cheapest ride. That isn't necessarily a good thing. How long before safety will be compromised? I won't cry a bit if Fly I disappears.

Let's raise the ticket prices for goodness sake.
Who do YOU "prostitute" yourself for? Do you think it will end with Indy you moron? The industry as a whole is in trouble and it is selfish idiots like you that make me glad I could go back into the military and fly. Over half of airline capacity is in bankruptacy and more kids are still going to Riddle and UND to fly "Jets". They will make 20/hour while YOU get furloughed and YOUR airline files Chapter 11.....why because it is the only way to be competetive. Form airlines like Free*** Air and pay squat....
I am sorry that my friends at UAL, DAL and IDE will suffer, but I will not shed a tear when an idiot like you gets his dues.........
 

synchoff

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Jet_Driver said:
I know this must be tough as hell on you Fly I guys, but I am glad that the I might be seen no more. The fewer airlines out there prostituting themselves, the better the industry as a whole will be.

.
(man, and I thought that I was the biggest a-hole on the internet)
 

BlackPilot628

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Jet_Driver said:
I know this must be tough as hell on you Fly I guys, but I am glad that the I might be seen no more. The fewer airlines out there prostituting themselves, the better the industry as a whole will be.

I can't remember the movie, or even the exact quote (maybe Armageddon) it was something regarding a question "Aren't you glad we're strapped to a machine going 5 times the speed of sound and the contract to build it went to the lowest bidder."

That is any industry, people will gravitate to the cheapest ride. That isn't necessarily a good thing. How long before safety will be compromised? I won't cry a bit if Fly I disappears.

Let's raise the ticket prices for goodness sake.
That's busted!
 

FN FAL

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Jet_Driver said:
I can't remember the movie, or even the exact quote...
that's because you are dumbass, Jet_Driver! I hope you work the holidays for straight pay and then get a furlough notice in your mailbox after peak season. Just because you're a dumbass.


Moderator reviewed, a bit harsh, and I've given others some time in the box for calling other members dumbass. With this warning, and the fact that the aforementioned poster probably deserves the berating, I'll let this stand. In the future, if you need to use the term, please do so in the context, "you're acting like a dumbass", or ''your logic is like a dumbass". OK? Don't just call somebody a name, please.

UAL78
 
Last edited by a moderator:

Drill Sgt. Dad

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How childish to wish ill will on us pilots. I guess you are too short sighted to know I had nothing to do with the business decisions made at ACA/I Air. I just merely work here. I do have a family to feed. Towish ill will is no different than wishing death upon somebody. How sick and disgusting. I am getting furloughed from Indy Air at the end of the month. I have sent out resumes and heard nothing. I will have to explain to my children I will be unable to give presents this year. I will probably be forced to sell my house. And possibly more hard times lie ahead. Many of us live paycheck to paycheck while mgt packs thier golden parachutes. So, when you, with diarrhea of the mouth wish us to fail, think about the many employees who can't celebrate the holidays this year due to being furloughed. Think about our families. Flying is al I know how to do and I have no intnent of learning to do anything else. I would not be happy doing anything else. We are not prostitutes or cheap labor. We merely work here as mgt makes (Ill fated decisions.) If you want to wish Ill will, wish it upon our upper mgt who has taken this company with $380 Million in the bank and 17 months bankrupted it to the point we'll be gone shortly after Jan 1st.
 

Rez O. Lewshun

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C'mon guys..... the sooner FLYI goes tango uniform the sooner everyone can get on with thier lives...

FLYI is like a bad relationship... everyone is hoping you'll break up with the b1tch, but at the same time we are all being "nice" by not saying it to your face...

I've been thru my BK airlines.... The sooner the better. FLYI is not the only place to make money in this country. Get over yourself...

BTW..did you really wantt o put your families dependnece in Tom and Kerry's hands....
 

rptrain

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right. flyi is to blame for your pathetic careers. not the mesas, shuttles, chautauquas, republics, trans states, and *************************s (did i forget anybody?) that immediately swarmed in at united's behest to try to kill them off. convenient to forget that ACA was actually there first with the airplanes, gates, and capacity. united and others replaced, matched, and sometimes undercut flyi on every market, just so they wouldn't lose any of that precious market share. all you bums participating in this bloodbath then somehow turn around and point the finger at aca/flyi for causing the problem? perhaps you should compare paychecks and contracts with any flyi pilot before making such a claim. even as things went downhill, flyi pilots never took more than initial minor concessions (which still left them #2 paid 50-seat pilots) in a misguided attempt to save what quickly appeared to be a dying business plan. how ironic to be called out as the depresser of wages by a bunch of lesser-paid replacements.

we'll all end up just fine after flyi, because that's the kind of people we had. it was one of the proudest moments of my career, something i'm sure most of you gloating bums will never get to experience in yours.
 

acaTerry

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Well if that doesn't stink. I REALLY wanted you guys to make it. Well any of you that flew with me (Terry M---J41 CA) send me a pm if you want to know something about NetJets for your new job. I'll be on the road 10 days here so it will be a while before I can get back to you. Hey, my last time out for more than 7 days per the new TA!
 
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