Sunday, December 19, 2004

Independence Air Still Flying

This was a recent stock purchase of mine. Hope they don't go under and declare Chapter 11. From the Detroit News: "Independence Air continues to teeter on the brink of bankruptcy as the low-fare carrier struggles to renegotiate $83 million in airplane lease payments due in January. Hurt by stiff competition from carriers such as Northwest Airlines and higher-than-expected jet fuel costs, Independence already has sold four of its 87 50-seat regional jets to raise cash and announced it will suspend its daily service between Lansing and Washington, D.C., Dulles International Airport on Jan. 2. "

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