Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: CpsOmis who wrote (7744)	9/12/2001 1:37:59 PM
From: Think4Yourself	Respond to of 23153

First business casualty appears to be Midway airlines. Probably a smart move on the part of management. Midway Suspends All Future Flights RALEIGH-DURHAM (Reuters) - Midway Airlines, which was operating under bankruptcy protection, on Wednesday said it has suspended all future flight operations, and that 1,700 employees would lose their jobs, effective immediately. Holders of tickets for future travel on Midway will be entitled to refunds or recommendation on other air carriers, the Raleigh-Durham, North Carolina-based airline said in a statement. Midway said it will attempt to contact all ticket holders to make appropriate arrangements. Effective immediately, Midway said it will begin returning aircraft to its lessors and will solicit purchasers for the various assets it owns or controls. Midway said it anticipates paying all obligations incurred following its Chapter 11 filing and proposing a reorganization plan to deal with all obligations which arose prior to the bankruptcy filing.