|
|
Article: Pro Air glimpses silver lining.(Knight Ridder Newspapers)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- May 30, 2001
- Author:
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune News Service. 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)
|
SEATTLE _ Discount airline Pro Air expects to emerge from bankruptcy protection July 3 and be flying again from Detroit City Airport on Aug. 31, its founder and chief executive said.
If successful, the resurrection of Pro Air could promise real benefits for Detroit-area travelers. Before it was grounded by the government last fall, Pro Air's discount fares had created competition in a market long dominated by Northwest Airlines, the nation's fourth-largest carrier.
Kevin Stamper, Pro Air chairman and chief executive officer, said all major creditors have agreed to the carrier's financial reorganization plan. U.S. Bankruptcy Judge Karen Overstreet is ...