T-Bird76
2005-12-29, 11:01 AM
Its official FlyI will stop all service Jan 5th at 7PM. All flights after that will not operate and FlyI has sought caught approval to refund all bookings after the shutdown.
Just some background on FlyI they've been in busy for more then 10 years as ACA providing regional service for airlines like United and Delta. When ACA broke away from UAL more then a year ago to start Independence Airlines they had over half a billion dollars on hand, more money then any other start up airline in U.S history, even jetBlue. In just 12 months they dwindled that down to 20 million dollars when they filed for Chap 11.
A once fine airline and its dedicated employees are now no more. I truly feel bad for all the great employees of this airline, I flew them in September and they really were a great airline. Hopefully they will all find jobs quickly.
http://www.flyi.com
Former title of the below post. "FlyI to shut down on Jan 7th"
A letter sent to all the employees of Independence Airlines has informed them that if an investor is not found by the Jan 4th court hearing to sell Indy's assets the airline will cease operation on Jan 7. The letter is required by law to be sent to employees of companies with more then 50 people regarding upcoming layoffs.
While top brass at FlyI say all is not lost a letter like this certainly means any discussions FlyI may be engaged in certainly is not targeted at saving the employees. If anything the assets of FlyI will be sold to bidders in court on Jan 4th. More then likely the Airbuses will go back to the leasing company and released to someone else. As for the CRJ's, off to Victorville, Goodyear, or the Mojave for a while.
Its to bad they really were a nice airline with good friendly service. In the end its not hard to figure out what went wrong. You simply don't operate a mainline airline with CRJs with 15 frequency's a day to places like BUF.
Better get to LGA while you can if you want a picture!
Just some background on FlyI they've been in busy for more then 10 years as ACA providing regional service for airlines like United and Delta. When ACA broke away from UAL more then a year ago to start Independence Airlines they had over half a billion dollars on hand, more money then any other start up airline in U.S history, even jetBlue. In just 12 months they dwindled that down to 20 million dollars when they filed for Chap 11.
A once fine airline and its dedicated employees are now no more. I truly feel bad for all the great employees of this airline, I flew them in September and they really were a great airline. Hopefully they will all find jobs quickly.
http://www.flyi.com
Former title of the below post. "FlyI to shut down on Jan 7th"
A letter sent to all the employees of Independence Airlines has informed them that if an investor is not found by the Jan 4th court hearing to sell Indy's assets the airline will cease operation on Jan 7. The letter is required by law to be sent to employees of companies with more then 50 people regarding upcoming layoffs.
While top brass at FlyI say all is not lost a letter like this certainly means any discussions FlyI may be engaged in certainly is not targeted at saving the employees. If anything the assets of FlyI will be sold to bidders in court on Jan 4th. More then likely the Airbuses will go back to the leasing company and released to someone else. As for the CRJ's, off to Victorville, Goodyear, or the Mojave for a while.
Its to bad they really were a nice airline with good friendly service. In the end its not hard to figure out what went wrong. You simply don't operate a mainline airline with CRJs with 15 frequency's a day to places like BUF.
Better get to LGA while you can if you want a picture!