LatinAviation From Ireland, joined Nov 2003, 1276 posts, RR: 16 Posted (5 years 4 months 3 weeks 5 days 18 hours ago) and read 2839 times:
Tradewinds Airlines has become a victim of rising fuel prices and falling demand.
The Greensboro, N.C.-based freight airline on Friday filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court of Southern Florida in Miami.
The company's bankruptcy attorney, Scott Baena of Bilzin Sumberg in Miami, said Tradewinds also is pursuing a $54.9 million judgment in New York courts against C-S Aviation Services, a former lessor of its aircraft. Billionaire hedge fund manager George Soros and his business partner, Pernendu Chatterjee, who are as named defendants in that suit, control C-S Aviation. No immediate comment was available from Soros' spokesperson.