Rural airline shuts down
Wednesday, Feb. 28, 2001 | 11:17 a.m.
THE ASSOCIATED PRESS
DES MOINES, Iowa -- AccessAir has shut down, just two weeks before it was to present a reorganization plan to keep the regional airline flying.
"I am deeply disappointed that our vision for affordable air service for central Iowa will not be realized," said John Ruan III, AccessAir's principal backer, Tuesday.
Ruan said AccessAir, which previously withdrew its reorganization plan filed under Chapter 11 in the U.S. Bankruptcy Court, apparently will proceed to a Chapter 7 liquidation.
The airline cited unanticipated administrative constraints and financial burdens stemming from the former AccessAir and the subsequent lack of funding from public and private sectors as contributing factors in the decision to shut down.
The airline said poor weather and a slowing economy contributed to its problems.
archive
- Most Read
- Discussed
- Most E-mailed
- Hearing set for ex-NBA star with $822,500 gambling debt
- Trial delayed for man accused of shooting 3 officers
- Kruger hoping his team will play with grit
- Ten minutes with Chelsea Handler is better than no minutes with Chelsea Handler
- Pricing out wagers on the Pacquiao-Cotto fight
- RTC bus driver fired, arrested after allegedly attacking woman
- Two second-graders involved in shooting at bus stop
- CityCenter Realtors hit with cut in commissions
- Privé owner files for bankruptcy protection in Florida
- Shanghai’s maglev: Flying with both feet on the ground
Blogs
The Greene Room
Predicting this weekend's Mountain West football slate
Top Chef: Las Vegas
Top Chef Episode 11: Child's play
Miech Again
UNLV prez Smatresk is ready for some basketball (5 Comments)
Politics: The Early Line
Harry Reid's fourth TV ad begins running today
The Greene Room
Chad Ochocinco vs. Anderson Silva? That would be a sight ... (4 Comments)
Top Chef: Las Vegas
The Jet Stream: The three stages of chefdom
Miech Again
Rebels rookie Lopez says redshirting is his best move (12 Comments)
Calendar »
- 14 Sat
- 15 Sun
- 16 Mon
- 17 Tue
- 18 Wed
-
Pacquiao vs. Cotto at the MGM Grand Garden Arena
MGM Grand Garden Arena | 6 p.m. to 11 p.m.
-
Friends of India Diwali Celebration at Cashman Field with Dan Nainan
Cashman Field | 7:30 p.m. to 10 p.m.
-
Norm MacDonald at the House of Blues
House of Blues
-
Boulder City Art Guild Winter Fest Fine Art Show
Boulder City Parks & Recreation
-
John Fogerty at the Star of the Desert Arena
Star of the Desert Arena | 8 p.m. to 11 p.m.
-
Emeril Lagasse Foundation’s 5th annual Carnivale du Vin
The Venetian Resort Hotel Casino | 6 p.m. to 10 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati








