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November 07, 2005
Another one bites the dust
Flyi Inc., which spun off a year ago into the low-fare independent airline called "Independence Air" after beginning as a contract carrier for United Airlines and Delta Air Lines Inc., filed a chapter 11 case early Monday morning, joining a good part of the American airline industry in keeping the bankruptcy bar fat and happy.
Meanwhile, just to remind you that markets often work in mysterious ways, airline stocks are rebounding.
Posted by Tom at November 7, 2005 07:10 AM
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