March 16, 2012

Direct Air files for Chapter 11 bankruptcy

from Worcester Telegram

Direct Air, the charter airline that suspended service this week, filed yesterday for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Worcester. Southern Sky Air and Tour LLC, doing business as Direct Air, said it had assets of between $500,000 and $1 million and liabilities between $10 million and $50 million.

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