IFLY Bids
- Thread starter StatioRat
- Start date
I'll bid $2. Anyone want to add a few?
they are holding their cards very close on this. Guess it could be a) someone buying their "assets" for resale B) investor buying them to continue it as a going concern or c) an airline buying them to merge their route structure/gates etc.
Flying Titan
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FlyI released this statement on the 5th...
Dulles, VA, (December 5, 2005) - FLYi, Inc. (NASDAQ/NM: FLYIQ), 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.
The company is entering a period of negotiations with select interested parties, and will issue further public statements regarding the process when it believes it is appropriate to do so.....
Dulles, VA, (December 5, 2005) - FLYi, Inc. (NASDAQ/NM: FLYIQ), 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.
The company is entering a period of negotiations with select interested parties, and will issue further public statements regarding the process when it believes it is appropriate to do so.....
HPearlyretiree
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There is a rumor thread over at airliners.net that Flyi will shut down Jan 4.
Of course, rumors in the airline biz are a dime a dozen.
http://www.airliners.net/discussions/gener...d.main/2489461/ 🙁
Of course, rumors in the airline biz are a dime a dozen.
http://www.airliners.net/discussions/gener...d.main/2489461/ 🙁
ngneer
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bizjournals.com
Independence Air to end Buffalo service
Wednesday December 14, 12:36 pm ET
Independence Air will stop service to Buffalo Niagara International Airport in early January.
The low-cost airline, whose parent company filed for bankruptcy protection in November, will discontinue flights between BNIA and Washington Dulles International Airport as of Jan. 5.
Also, Independence Air is ending service to Chicago, Jacksonville, and Manchester, N.H., reducing the carrier's daily flights from about 210 to 170.
FlyI ends Buffalo, Chicago, Jacksonville and Manchester service
Independence Air to end Buffalo service
Wednesday December 14, 12:36 pm ET
Independence Air will stop service to Buffalo Niagara International Airport in early January.
The low-cost airline, whose parent company filed for bankruptcy protection in November, will discontinue flights between BNIA and Washington Dulles International Airport as of Jan. 5.
Also, Independence Air is ending service to Chicago, Jacksonville, and Manchester, N.H., reducing the carrier's daily flights from about 210 to 170.
FlyI ends Buffalo, Chicago, Jacksonville and Manchester service
