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Article: Dallas-Based Air Cargo Company with Fort Wayne, Ind., Hub Files for Bankruptcy.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 10, 2000
- Author:
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 3--FORT WAYNE, Ind.--Members of the Fort Wayne-Allen County Airport Authority will discuss Kitty Hawk's bankruptcy in executive session Thursday.
On Monday, the Dallas-based air cargo company with a hub at Fort Wayne International Airport filed for Chapter 11 protection from creditors to seek a financial reorganization.
Local government officials are watching the situation closely.
Fort Wayne Mayor Graham Richard today announced the formation of a task force "to help provide communication with Kitty Hawk as they seek to establish new sources of revenue and work with creditors.
"We've been assured that lease payments to the Fort ...