Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Ryan International Files For CH 11 BK Protection  
User currently offlineAtrude777 From United States of America, joined Aug 2003, 5700 posts, RR: 52
Posted (2 years 8 months 2 weeks 6 days 16 hours ago) and read 4077 times:

My friend who was one of those that got furloughed at Ryan International informed me this evening that RYN had filed for CH 11 BK, and to expect a news release coming soon...

Here is the press release...

ROCKFORD (WREX) -

There are more problems for Rockford-based Ryan International Airlines.

According to an internal memo that we've gotten here at 13News, the company filed for Chapter 11 bankruptcy. Rubloff Development owns Ryan. The memo, from Rubloff President Mark Robinson, gives a couple of reasons: delays getting a new airplane into service and a drop in troop transport flights.


http://www.wrex.com/story/17097072/r...ne-files-for-bankruptcy-protection

Best of Luck to the remaining Employees there! Not a good time for the airlines especially those involved with the Troop Transports...

Alex

[Edited 2012-03-06 21:14:39]


Good things come to those who wait, better things come to those who go AFTER it!
3 replies: All unread, jump to last
 
User currently offlinejetblueguy22 From United States of America, joined Nov 2007, 2818 posts, RR: 4
Reply 1, posted (2 years 8 months 2 weeks 6 days 16 hours ago) and read 4052 times:
AIRLINERS.NET CREW
HEAD MODERATOR

Not much of a surprise with the drawdown in Iraq. Hopefully they can restructure and survive. Just shows though how you can't throw all your eggs in one basket.
Blue



All of the opinions stated above are mine and do not represent Airliners.net or my employer unless otherwise stated.
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3130 posts, RR: 10
Reply 2, posted (2 years 8 months 2 weeks 5 days 23 hours ago) and read 3188 times:

More On The Story:

Courtesy: Rockford Register Star

Ryan International Airlines Seeks Bankruptcy Protection

http://www.rrstar.com/blogs/brianlea...rlines-seeks-bankruptcy-protection


User currently offlineKarlB737 From United States of America, joined Mar 2004, 3130 posts, RR: 10
Reply 3, posted (2 years 8 months 2 weeks 4 days ago) and read 2529 times:

An update regarding Ryan International Airlines:

Courtesy: Business Rockford

Ryan Still Flying During Chapter 11 Process

"The unrest in Egypt, where in January 2011 the Rockford-based airline arranged to buy a Boeing 777 from Egypt Air, prevented Ryan from securing delivery of the plane that could have qualified it for military contracts favoring more efficient wide-body jets, according to the filing."

"Ryan, which owes $7.5 million to 18 of its largest creditors, said in a Chapter 11 bankruptcy filing that less reimbursement to military air carriers and a move to wide-body aircraft for troop flights “led to a precarious cash flow crisis.”

http://business-news.thestreet.com/r...flying-during-chapter-11-process/1


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Shuttle America Files For Ch. 11 posted Wed Apr 18 2001 16:10:25 by Boeing757/767
NW And DL Could File For Ch. 11 Protection posted Tue Sep 13 2005 22:11:22 by KC135TopBoom
3M (Gulfstream Intl.) Files For Chapter 11 posted Thu Nov 4 2010 12:42:39 by beryllium
Mesa Air Group Files For Chapter 11 - Part 3 posted Thu Jan 28 2010 20:55:48 by JA
Mesa Air Group Files For Chapter 11 - Part II posted Sat Jan 23 2010 22:13:00 by LipeGIG
Mesa Air Group Files For Chapter 11 Bankruptcy posted Tue Jan 5 2010 03:57:03 by Mainland
Eclipse Aviation Files For Chapter 11 Bankruptcy posted Tue Nov 25 2008 14:53:23 by Boeing4ever
EOS Files For Chapter 11 Will Cease Operations posted Sat Apr 26 2008 19:20:47 by UnitedTristar
Bankruptcy: Frontier Files For Chapter 11 posted Thu Apr 10 2008 22:55:26 by F9Mechanic
How Does NW Filing For Ch.11 Affect KLM? posted Fri Sep 16 2005 01:56:58 by Checo77