NWA bids on FLYi certificate...

[whaledriver]

(Dow Jones) WASHINGTON -- FLYi Inc.'s Independence Air, which stopped flying in January after failing to find a buyer, is seeking bankruptcy court approval to sell its operating certificates to Northwest Airlines Corp. for $2 million.

FLYi said Northwest has agreed to buy Independence Air's Department of Transportation and Federal Aviation Administration certificates, Federal Communications Commission licenses, manuals and some proprietary software.

In court papers filed Thursday, FLYi said the sale is subject to higher offers and Northwest's obtaining the necessary government approvals to buy the certificates.

FLYi said it will give competing bidders until March 17 to submit higher offers.

A hearing on the sale is scheduled for March 20 in the U.S. Bankruptcy Court in Wilmington, Del.

Dulles, Va.-based FLYi has been selling off its assets since January...

The company last month won court approval to sell its lease at Washington Dulles International Airport to UAL Corp.'s United Airlines for $4.3 million.

FLYi also expects to fetch between $8.6 million and $11.1 million when it auctions off leftover equipment, including spare parts, ground support equipment and office and computer equipment...

 

[Kev3188]

VERY interesting.

What would having FlyI's certificate mean in "real" terms? I'm guessing that it would lay the groundwork for Newco/SJet/Nstar (or whatever it's being called today)?

Another (rhetorical) question: What business does a broke-a$$ airline have buying another's operating certificate?

Never a dull moment at the Big Red Machine....

 

[finman]

VERY interesting.

What would having FlyI's certificate mean in "real" terms? I'm guessing that it would lay the groundwork for Newco/SJet/Nstar (or whatever it's being called today)?

Another (rhetorical) question: What business does a broke-a$$ airline have buying another's operating certificate?

You know the answer to that Kev. It's all part of creating a profitable business plan, just like the continued aircraft deliveries that are expected to occur that are part of that long range plan. Being in BK doesn't mean you're prohibited from making investments that will have a net economic gain. If the creditior committee is convinced that this purchase will result in a stronger, more profitable airline after the BK exit, then they will naturally approve of this expenditure.

 

[Kev3188]

You know the answer to that Kev.

You're right, I do know the answer; that's why it was a rhetorical question. Just "thinking out loud," if you will...

Having said that, I'm very curious to see what NW plans to do with the cerificate.

 

[jenny@nw]

So.... my burning question is: Where did they come up with the name "SJET"?

What does "S" stand for?

How about we just call it "Shet" for short, since it emulates what the interior of the current carrier looks like anyways. :down:

 

[PlayTheOdds]

So.... my burning question is: Where did they come up with the name "SJET"?

What does "S" stand for?

How about we just call it "Shet" for short, since it emulates what the interior of the current carrier looks like anyways. :down:

Who are you?

 

[PhxMama]

Why do you ask? She is Jenny@NW. If she is new to the board you should welcome her! Welcome aboard Jenny!

 

[robbedagain]

welcome on board the good ole NWA board there Jenny! Just look out for PTO and his scabby writings on here!

 

[jenny@nw]

Who are you?

Who am I?

Well, female (last time I checked), wear a blue dress, came from my momma, and like the pilots said "you give good service". Oh, and like my handle says: work at NORTHWEST.

Thanks everyone, this board is interesting!

 

[Red Tail Bear]

Who am I?

Well, female (last time I checked), wear a blue dress, came from my momma, and like the pilots said "you give good service". Oh, and like my handle says: work at NORTHWEST.

Thanks everyone, this board is interesting!

Hey Jenny,
Welcome to the hood. B)

 

[PlayTheOdds]

Who am I?

Well, female (last time I checked), wear a blue dress, came from my momma, and like the pilots said "you give good service". Oh, and like my handle says: work at NORTHWEST.
Thanks everyone, this board is interesting!

Welcome aboard Miss/Mrs Jenny@NW

 

[jenny@nw]

Welcome aboard Miss/Mrs Jenny@NW

 

[NewHampshire Black Bears]

Welcome aboard Miss/Mrs Jenny@NW

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++


P(os)T O,

WHEN are you going to get FIRED for your OUTRAGOUS behavior of attempting to "Direct the workforce", with out AUTHORIZATION ?????????

NH/BB's

 

[Kev3188]

Who am I?

Well, female (last time I checked), wear a blue dress, came from my momma, and like the pilots said "you give good service". Oh, and like my handle says: work at NORTHWEST.

Thanks everyone, this board is interesting!

Welcome Jenny!