Northwest Airlines confirmed that it "executed an agreement to purchase FLYi's operating certificate and related assets" subject to certain conditions. According to the Associated Press, which cited a FLYi bankruptcy filing, NWA paid $2 million for the certificate, which should enable it to expedite the startup of a new subsidiary that will operate 76-seat regional jets using furloughed mainline pilots (ATWOnline, March 7). FLYi, which operated as Independence Air, shut down in January.

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