CoAir@IAH
Topic Author
Posts: 267
Joined: Sat Feb 03, 2001 4:29 am

Legend Back From The Dead?

Thu Aug 23, 2001 6:27 am

It appears that the group that tried to save Lengend Airways back in March is going to buy the naming rights and resume service from Dallas to New York.

There was a news clip in the Austin American Statesman this morning with more details.

 
Guest

RE: Legend Back From The Dead?

Thu Aug 23, 2001 6:36 am

i would really enjoy seeing that happen. when legend started i anticipated that they would excel in the airline buisness. the whole idea seemed really genius to me... well shows how much i know.  Insane
-Lou
 
VirginA340
Posts: 2556
Joined: Sun Jul 17, 2005 12:35 pm

RE: Legend Back From The Dead?

Thu Aug 23, 2001 6:38 am

Do they even own any of the DC-9s left or has that gone back to it's lessors? Last I heard that there were 3. But I think they had better get more $$$ and Captial. They also need to make better decisions then the previous managment. They did fine til they decided to fly to LAS. They could've flown to BOS, MIA, SFO or even ORD but nooo they had to go to LAS. Their previous destiantions were LAX, LGA, IAD, LAS and Love Field.
"FUIMUS"
 
milemaster
Posts: 1033
Joined: Tue Mar 20, 2001 10:19 am

RE: Legend Back From The Dead?

Thu Aug 23, 2001 6:51 am

I hope Legend returns from the dead for the sole reason that AA would have to find a way to restore it's all-first-class service from DAL again. Since AA yAANked the first class meals and amenities two months ago, I'd like to see how they bring it all back without looking like a bunch of pricks.
 
Guest

RE: Legend Back From The Dead?

Thu Aug 23, 2001 7:39 am

COOL!!!!!!!
 
milemaster
Posts: 1033
Joined: Tue Mar 20, 2001 10:19 am

RE: Legend Back From The Dead?

Thu Aug 23, 2001 7:53 am

Here is the official article from WFAA-TV here in Dallas:

Investors Dream of Relaunching Legend Airlines
Reporter: The Associated Press | Online Producer: Janine Calandra
Updated: Aug 21, 2001 at 11:38AM
http://www.wfaa.com/wfaa/articledisplay/0,1002,30128,00.html

FORT WORTH — An Florida-based investor group says it's agreed to buy the name of bankrupt Legend Airlines.
Tampa, Florida-based Viking Resources International says it wants to resume flights from Dallas to New York and Washington, DC, using four of Legend's DC-Nines.

Viking CEO Thomas Patterson tells the Fort Worth Star-Telegram that he's still lining up financing.

A Dallas attorney who represents the bankruptcy trustee confirmed that the trustee has informally agreed to sell the Legend name to Viking, contingent on financing.

Viking Resources tried to buy Legend's name and some assets in March. But it couldn't raise the estimated $25 million it would take to buy the Legend name and resume service.

The firm made an unsuccessful attempt to buy bankrupt Kiwi Airlines in 1999.
 
tupolev154b2
Posts: 1269
Joined: Mon Jun 26, 2000 9:01 am

RE: Legend Back From The Dead?

Thu Aug 23, 2001 8:11 am

Is it possible to lease new 717's?
 
Jetspotter
Posts: 30
Joined: Sat May 28, 2005 6:08 pm

RE: Legend Back From The Dead?

Thu Aug 23, 2001 8:29 am

AA SUCKS. I hope they get shutdown and get a taste of their own medicine. American is crappier than crap from my viewpoint for what they did.
 
railmatt
Posts: 197
Joined: Wed Dec 08, 1999 12:48 pm

RE: Legend Back From The Dead?

Thu Aug 23, 2001 10:17 am

One Legend DC 9 is parked at Kingman, Arizona.

I want that option to the east coast restored, too!

Shouldn't they wait for the economy to turn around?
 
sccutler
Posts: 5654
Joined: Thu Jan 27, 2000 12:16 pm

RE: Legend Back From The Dead?

Thu Aug 23, 2001 10:29 am

Those of you who've read my prior posts about LC know how enthused I am about the concept, and how much I enjoyed their service when I flew on LC.

But... I'm from Missouri on this story (as in, you gotta show me).

Back when Viking talked (press-released) about a possible acquisition, before all the assets had been liquidated, my research suggested to me that they had nothing like the capital base required to re-start the airline by themselves, and absent substantial assets of their own to put at risk, I don't see much likelihood that they will successfully raise capital from independent investors.

But the terminal sits, quietly, waiting for something to happen. And I'm sure that the leasing companies which owned the DC-9s (none were actually owned by LC) would gladly lease them to a new operator.

Hope springs eternal.
...three miles from BRONS, clear for the ILS one five approach...
 
aio86
Posts: 912
Joined: Sat Sep 16, 2000 12:16 pm

RE: Legend Back From The Dead?

Thu Aug 23, 2001 3:34 pm

The members of Airliners.net should all put money together and relaunch Legend and have Johan be the CEO Big grin

-aio86
 
srbmod
Posts: 15446
Joined: Tue Mar 20, 2001 1:32 pm

RE: Legend Back From The Dead?

Thu Aug 23, 2001 4:30 pm

Actually two of the early customers for the 717 were Pembroke Capital and Bavaria Leasing. If I am not mistaken, all of the 717s they ordered as currently operated by Impulse (sorry...Qantaslink), Olympic Aviation, and Bankok Air, so I don't think any might be available at this time. Hey, they could get some F100s from Midway! And probably at a very good price to boot.

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