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How Is Legend Doing?  
User currently offlineCX747 From United States of America, joined May 1999, 4454 posts, RR: 5
Posted (13 years 9 months 1 week 4 days 9 hours ago) and read 757 times:

I was wondering if Legend Airlines started service again to LGA and IAD? Also, how many aircraft are currently in their fleet?


"History does not long entrust the care of freedom to the weak or timid." D. Eisenhower
1 replies: All unread, jump to last
 
User currently offlineSccutler From United States of America, joined Jan 2000, 5555 posts, RR: 28
Reply 1, posted (13 years 9 months 1 week 4 days 6 hours ago) and read 745 times:

Although they have a commitment for $20.0M in Debtor in Possession financing, and have been using $1.0M of it to gear back up for renewed operations; and have received approval from the Bankruptcy Court for use of the remaining $19.0M; the money (which was supposed to be available immediately) is not "in the bank" yet; it is (according to the lawyer for the lenders) expected by "Friday or Monday."

Not auspicious.

But they claim the deal remains in place, and recalled a number of employees weeks ago to get ready to resume flights.

They are also operating some charter work.



...three miles from BRONS, clear for the ILS one five approach...
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