State of the Airlines

Monday, January 10, 2005

NEWS: Independence Air says take my aircraft...please

Smaller, but no less troubled, Independence Air struck a deal with aircraft leasing powerhouse GECAS to end the leases on 10 aircraft this quarter. They also get a double word score for getting GECAS to loan them $19.5 million. Whether or not this can help save the struggling airline...who knows. News on the airline's position has been scant of late. I'm thinking things still look kinda grim for them.