FLYi Inc. and Independence Air file for bankruptcy with $455 million in debt
Clients FLYi Inc./Independence Air
Jones Day represented FLYi, Inc., its operating entity, Independence Air, and their respective subsidiaries in filing voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
The company listed $378 million in assets and $455 million in liabilities. Miller Buckfire & Co. LLC and ENA Advisors LLC provided financial advice to the debtors.
In addition to bankruptcy representation, Jones Day provided tax, employee benefits, financing, labor, and mergers & acquisition advice regarding this transaction.
In re FLYi, Inc., Independence Air, Inc. and their affiliated debtors (Bankr. D. Del.)