Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Is The End Near For AccessAir?  
User currently offlineFirstClass! From , joined Dec 1969, posts, RR:
Posted (16 years 5 months 3 weeks 5 days ago) and read 2146 times:

AccessAir To File for Chapter 11

.c The Associated Press


DES MOINES, Iowa (AP) - Low-cost airline AccessAir is temporarily grounding its fleet while it undergoes a Chapter 11 bankruptcy reorganization but will be back within a month offering new destinations, officials said Monday.

``We elected to interrupt service temporarily while we reorganize route structures and our financial affairs,'' president and chief operating officer Rich Musal said after the company filed for bankruptcy protection.

Planes were to stop flying at midnight Monday but should be back in the air within 30 days, he said.

Customers holding tickets may seek a refund or keep their tickets and get two for one when AccessAir begins flying again.

In response to rising air fares out of the Des Moines International Airport, AccessAir took off Feb. 3 with service between Des Moines and Los Angeles and New York, with stops in the Quad Cities along the Iowa-Illinois border and in Peoria, Ill. A stop in Colorado Springs, Colo., was added later.

The driving concept was to provide low-cost flights in a city that had unusually high airfares. Organizers felt the high fares were an impediment to the region's businesses.

Musal said customers didn't respond as officials expected. The best month for the airline since it began flying was November when planes were only 34.9 percent full, he added.

As a result of rethinking the Des Moines market, Musal said the company will shut down for a while and ``come up with routes people want to fly.''

AccessAir is considering flying to Las Vegas, Orlando and Phoenix, said Musal, adding that flights to Colorado Springs and Los Angeles will continue.

James Davis of Bettendorf, Iowa, a member of the airline's board of directors, said bankruptcy was the only way for the company to move forward.

``I'm very disappointed in what has become necessary,'' Davis said.

Davis said at a Nov. 23 meeting, the board voted to authorize management to operate through the weekend so that passengers would not be stranded for the Thanksgiving holiday.

Musal said the new AccessAir will be a vastly different company.

``We're going to come back into this market walking rather than running,'' he said.

1 replies: All unread, jump to last
User currently offlineThe777Man From United States of America, joined Jul 1999, 6831 posts, RR: 54
Reply 1, posted (16 years 5 months 3 weeks 4 days 18 hours ago) and read 2131 times:

I would be somewhat surprised if they come back and thrive.... Eastwind also suspended service "temporarily" in September and they haven't come back yet. We'll see.... The777Man

Need a Boeing 777 Firing Order....Further to fly....LX and LH 777s
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...
Crucial Day For Sabena, Is The End Near? posted Mon Jun 18 2001 08:39:45 by Sndp
How Near Is The End? posted Tue Jan 9 2001 01:01:26 by Matt D
This Is The New Fleet For Avianca! posted Mon Aug 28 2006 01:45:08 by Bongo
End Near For 744 Line As Boeing Eyes -8 Milestones posted Sun May 7 2006 21:21:37 by Leelaw
Ok Today Is The Official Day For PTVs On AC posted Mon Jan 23 2006 16:12:15 by AirCanada014
When Is The Launch Date For Primaris Airlines? posted Tue Aug 9 2005 03:37:53 by ACAfan
What Is The RED Window For? posted Tue Jul 12 2005 14:20:56 by CRJ900
Is The 7E7 Designed For A Wrong Market? posted Wed Jan 26 2005 21:29:15 by Aither
What Is The Standard Configuration For A 777? posted Fri Jan 21 2005 21:32:31 by Ktachiya
LCC Pay Toilets - This Is The End posted Fri Feb 27 2004 04:53:25 by Bobb