Holding company Viking Resources International Inc says it cannot complete its purchase of bankrupt Kiwi International Airlines due to an "extremely large" IRS tax lien that couldn't be resolved.
In a press release Wednesday, Viking said its Executive JetPort of New Jersey Inc. unit "had no intentions of assuming debt" in the Kiwi purchase and was pursuing the acquisition solely to obtain an operating certificate.
Executive JetPort had proposed buying Kiwi and converting the now-defunct airline into a charter carrier to Las Vegas.
Klwright69 From Saudi Arabia, joined Jan 2000, 1964 posts, RR: 3
Reply 4, posted (13 years 11 months 4 weeks 23 hours ago) and read 1254 times:
They used to be based in EWR. If they were to come back, which is a big if, it wouldn't be at EWR. I think CO sanpped up all Kiwi's old gates there. Which is what CO would probably do if any other carriers relinquish gates at EWR. If CO could, it would be CO's private airport. But that's how all hub carriers feel about the main hubs anyway!