Independence Air seen running out of cash by year end
Independence Air is likely to have only around $5 million in cash by year end, a level that is "inconsistent with continued operations," JP Morgan analyst Jamie Baker stated in a report released Friday. Furthermore, with "no identifiable assets to leverage," debtor-in-possession financing for...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
