Flyi Inc, the parent company of Independence Air, will cease operating Jan. 7 if it is unable to find a major investor or buyer, the airline said in a letter received by its employees this week.

Independence Air, the scrappy Dulles-based carrier that broke off from United Airlines two years ago in the hopes of creating a budget alternative, yesterday filed for bankruptcy protection in a move ...

SAN FRANCISCO (MarketWatch) -- Flyi Inc., the corporate parent of Independence Air, could ground its planes early next month if the troubled airline doesn't receive a financial lifeline soon.

DUULLES, Va. -- Independence Air parent FLYi said Feb. 22 it completed a financial restructuring that will further reduce its 50-seat regional jet fleet and defer $70 million in lease payments on the ...

Flyi Inc., which launched low-fare Independence Air just one year ago from its hub at Washington's Dulles Airport, filed for Chapter 11 bankruptcy protection Monday and said it hopes a ...

FLYI's management has asked pilots of Independence Air for what they call "massive and wide-ranging concessions" that it claims are essential to the survival of the airline. Members of the carrier's ...

A spokesman for Independence Air is confirming the bankrupt carrier has a potential interested bidder, but is keeping quiet about its identity. Dulles-based FLYi's Independence Air filed for ...

Independence Air figured it would sell tickets on the cheap -- solely through its Web site and toll-free phone number -- when it began operations June 16. To save money, Flyi Inc., parent of the ...

SAN FRANCISCO (MarketWatch) -- As Independence Air tips into bankruptcy, East Coast rivals stand to gain from the low-fare carrier's shrinking market share, industry analysts predicted. In announcing ...

FLYi, parent of Independence Air, posted a preliminary net loss of $105 million in the first quarter ended March 31, a figure that exceeded its total revenues for the period and compared to net income ...

FLYi (NASDAQ:FLYI) hasn't been able to find any clean air to fly through over the past few weeks. It has seen more ups and downs than a bad batch of turbulence from Dulles to Orlando. Let me walk you ...

Key concerns for FLYi from 30,000 feet. The biggest problem FLYi faces now is getting passengers on the planes. From its August passenger numbers, 66% of fliers flew Indy Air. So FLYi is about 2/3 of ...