Independence Air To Discontinue Operations

mpenguin1 · January 2nd, 2006, 10:58

OFFICIAL PRESS RELEASE:

Independence Air To Discontinue Operations

Airline Will Keep Flying Through Thursday Evening, January 5th

Dulles, VA, (January 2, 2006) – FLYi, Inc., (Nasdaq: FLYIQ) parent of low-fare airline Independence Air, announced today that because of the continued financial challenges facing the company, it will voluntarily discontinue all scheduled flights planned to depart after 7:00pm* on the evening of Thursday, January 5th. The company is seeking bankruptcy court approval to automatically refund customers with reservations for flights scheduled to depart beyond that time.

Customers with roundtrip reservations for trips departing before the cessation of operations (including those customers who have already departed) but were scheduled to return afterwards will be contacted by Independence Air and offered the opportunity to change their return reservations to one of the remaining days of operation. All change fees will be waived for changes made by phone. The company is also seeking bankruptcy court approval to automatically refund customers for those return flights that are not rescheduled. No refunds will be offered for free tickets or vouchers.

Customers whose trips are scheduled between now and Thursday evening should expect the same excellent service that Independence Air has become known for.

Independence Air Chairman and CEO Kerry Skeen said, “While we’ve been clear in reminding everyone that this was a possibility, we remained optimistic that there would be a way to avoid reaching this juncture. To date there has not been a firm offer put forward that meets the financial criteria necessary to continue operations as is. Therefore, we are voluntarily discontinuing scheduled service as of Thursday evening.

We offer our sincere thanks to the over eight million customers who have flown with us since the launch of Independence Air, and to the communities across America that we have served.”

(-more-)

Independence Air To Discontinue Operations

Page 2 of 2

Skeen continued. “And most importantly, we thank our extraordinary employees for creating an airline brand that has been so universally praised by our customers. Our people have demonstrated that they are capable of operating an airline that quickly rose to the top of the rankings in every major independent survey of airline quality and customer satisfaction. And while this is a profoundly sad day for all of us, we could not be more proud of our employees and everything they have accomplished.”

Customers are urged to visit the airline’s www.FLYi.com website if they have further questions as callers to the company’s toll-free number will likely experience long wait times.

Independence Air began service on June 16, 2004 and currently offers over 200 daily departures to 37 destinations.

The company has advised the public, and reiterates, that the likely outcome of the company’s bankruptcy proceeding is the cancellation of the company’s existing common stock without consideration, making FLYi stock of no value.

Independence Air, FLYi, the “i” logo mark and FLYi.com are service marks of Independence Air, Inc. ©Independence Air, Inc. 2006.

mtsu_av8er · January 2nd, 2006, 11:10

Well, I guess we know that won't work in the future . . .

Cheechako · January 2nd, 2006, 11:27

Wow, when I started this airline career my choices were Skywest, Eagle or ACA. If I'd gone to Eagle, I might be a jet captain by now, but just barely and if I'd gone to ACA I'd be out on the street. Amazing industry...

slamma1906 · January 2nd, 2006, 15:47

I was an intern there on day one, everyone thought this thing might work. I hate it for all those good folk there, but there were a lot of stupid ideas from HQ, esp the marketing dept. Who ever heard of Independence? No one I know.

triple7 · January 2nd, 2006, 17:08

Quote:

Originally Posted by slamma1906

I was an intern there on day one, everyone thought this thing might work. I hate it for all those good folk there, but there were a lot of stupid ideas from HQ, esp the marketing dept. Who ever heard of Independence? No one I know.

Maybe if you had spent less time partying it up with the FA's and spent more time actually doing the work the interns were there to do indy might not be in this predicament. Rumour has it you and Chad were real trouble makers....and you know how word travels in this industry. Its a good thing we never turned in those video tapes we found........and btw...you need some new dance moves.

that is all for now

mtsu_av8er · January 2nd, 2006, 17:34

Quote:

Originally Posted by triple7

Maybe if you had spent less time partying it up with the FA's and spent more time actually doing the work the interns were there to do indy might not be in this predicament.

Don't be hateful because they wouldn't let you know where the party was . . .

stuckingfk · January 2nd, 2006, 17:48

Quote:

Originally Posted by triple7

Maybe if you had spent less time partying it up with the FA's and spent more time actually doing the work the interns were there to do indy might not be in this predicament. Rumour has it you and Chad were real trouble makers....and you know how word travels in this industry. Its a good thing we never turned in those video tapes we found........and btw...you need some new dance moves.

that is all for now

You're a tool.

I can just picture it now, Indy Air goes Chapter 7 because of its interns. As an outsider looking in, I think the interns were the only ones that didn't cause the company harm (because more than likely they weren't paid). It seems like the only thing management did well was fail. They were probably the ones who shouldn't have been paid.

triple7 · January 2nd, 2006, 17:58

Quote:

Originally Posted by stuckingfk

You're a tool.

I can just picture it now, Indy Air goes Chapter 7 because of its interns. As an outsider looking in, I think the interns were the only ones that didn't cause the company harm (because more than likely they weren't paid). It seems like the only thing management did well was fail. They were probably the ones who shouldn't have been paid.

Its a JOKE.

Sorry I forgot the icon

stuckingfk · January 2nd, 2006, 21:49

Quote:

Originally Posted by triple7

Its a JOKE.

Sorry I forgot the icon

My bad then. I guess I'm the tool

Doug Taylor · January 2nd, 2006, 22:25

Did you miss the thread last week about this?

Chris_Ford · January 2nd, 2006, 22:28

Quote:

Originally Posted by Doug Taylor

Did you miss the thread last week about this?

Whoa, new avatar... I had a guy come in to work the other week named Doug Taylor... Was a pig farmer with his private, though

Doug Taylor · January 2nd, 2006, 22:29

I don't want to hear about any other Doug's "Private" other than my own!

Chris_Ford · January 2nd, 2006, 22:42

Quote:

Originally Posted by Doug Taylor

I don't want to hear about any other Doug's "Private" other than my own!

We need a "queue Matthew" image

Maximillian_Jenius · January 2nd, 2006, 22:45

Quote:

Originally Posted by Chris_Ford

We need a "queue Matthew" image

LOL...I just love how everyone references me as the sole homo on the board!

-Matthew

Chris_Ford · January 2nd, 2006, 22:48

Quote:

Originally Posted by Maximillian_Jenius

LOL...I just love how everyone references me as the sole homo on the board!

I, personally, blame it on the fact that it's because you're only 53% gay.

tonyw · January 2nd, 2006, 22:53

This doesn't surprise me. Using high cost airplanes and trying to operate as a low cost carrier just didn't make sense.

It's a damn shame, but what can you do?

TonyC · January 2nd, 2006, 23:42

Quote:

Originally Posted by Chris_Ford

We need a "queue Matthew" image

Why? Is there a line that he needs to stand in?

.

JaceTheAce · January 2nd, 2006, 23:48

Quote:

Originally Posted by Chris_Ford

I, personally, blame it on the fact that it's because you're only 53% gay.

Haha, well should we do a head count?

jtrain609 · January 2nd, 2006, 23:55

He's still not gonna get it man

BCTAv8r · January 3rd, 2006, 00:22

So who will acquire their aircraft?

Kristie · January 3rd, 2006, 00:26

Quote:

Originally Posted by triple7

Its a JOKE.

Sorry I forgot the icon

please... in the future.. do not forget the icons!! because stuff like that can go south fast and then you know we have to move it to the bloo goo area!!

too many are forgetting the icons now a days or forgetting to put somewhere in the post that it's a joke and stuff like that just ain't funny.. to anyone!

FlyChicaga · January 3rd, 2006, 04:46

They often call that "backpedalling."

Doug Taylor · January 3rd, 2006, 06:34

Quote:

Originally Posted by BCTAv8r

So who will acquire their aircraft?

Probably no one. Apparently, there's not a real big market in CRJ's because of economics (high CASM).

joel_MQY · January 3rd, 2006, 09:30

Quote:

Originally Posted by Doug Taylor

Probably no one. Apparently, there's not a real big market in CRJ's because of economics (high CASM).

....and they don't even own any of their airplanes. All that is up for sale, as far as I know, are the A gates and some computers. Sad day for my old airline!

mpenguin1 · January 3rd, 2006, 09:32

Quote:

Originally Posted by Maximillian_Jenius

LOL...I just love how everyone references me as the sole homo on the board!

-Matthew

Oh, you just love the attention! You know, we are going to need a Lesbian member to round out our little family!

January 2nd, 2006, 11:10	#2
mtsu_av8er Old Skool Join Date: Dec 2002 Location: Utopia Posts: 12,564	Well, I guess we know that won't work in the future . . . __________________ Ike is one nasty storm, and it's all the fault of management. That's why we need ALPA.

January 2nd, 2006, 11:27	#3
Cheechako Senior Member Join Date: Oct 2002 Location: Wasilla, AK Posts: 984	Wow, when I started this airline career my choices were Skywest, Eagle or ACA. If I'd gone to Eagle, I might be a jet captain by now, but just barely and if I'd gone to ACA I'd be out on the street. Amazing industry... __________________ Urban Dictionary: /chee-CHA-ko/ Alaska Airlines 737 FO http://www.AllAboutGod.com

January 2nd, 2006, 15:47	#4
slamma1906 Junior Member Join Date: Feb 2005 Location: ORF Posts: 130	I was an intern there on day one, everyone thought this thing might work. I hate it for all those good folk there, but there were a lot of stupid ideas from HQ, esp the marketing dept. Who ever heard of Independence? No one I know. __________________ Mr T! B.S. CFI CFII MEI AGI IGI 6/26/06: CL-65 SIC typed

January 2nd, 2006, 22:25	#10
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 41,096 Blog Entries: 1	Did you miss the thread last week about this? __________________ Doug Taylor http://76school.flyblog.com (old!) http://30west.flyblog.com (updated 11/28)

January 2nd, 2006, 22:29	#12
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 41,096 Blog Entries: 1	I don't want to hear about any other Doug's "Private" other than my own! __________________ Doug Taylor http://76school.flyblog.com (old!) http://30west.flyblog.com (updated 11/28)

January 2nd, 2006, 22:53	#16
tonyw Old Skool Join Date: May 2002 Location: Maryland Posts: 15,597	This doesn't surprise me. Using high cost airplanes and trying to operate as a low cost carrier just didn't make sense. It's a damn shame, but what can you do? __________________ http://www.photo.net/photos/tonywang for my photos

January 2nd, 2006, 23:55	#19
jtrain609 Old Skool Join Date: Feb 2002 Location: Park City, UT Posts: 12,329	He's still not gonna get it man __________________

January 3rd, 2006, 00:22	#20
BCTAv8r Old Skool Join Date: Jul 2003 Location: Boca Raton Posts: 6,133	So who will acquire their aircraft?

January 3rd, 2006, 04:46	#22
FlyChicaga Old Skool Join Date: Dec 2001 Location: Chicago, IL Posts: 4,833	They often call that "backpedalling." __________________ "Anyone can do the job when things are going right. In this business we play for keeps." Ernest K. Gann

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