FLYi
| Company type | Public |
|---|---|
| Industry | Airline holding company |
| Predecessor | Atlantic Coast Airlines Holdings, Inc. |
| Founded | 1989 |
| Defunct | 2006 |
| Fate | Filed for Chapter 11 bankruptcy; operations discontinued; operating certificate acquired by Northwest Airlines |
| Headquarters | Dulles, Loudoun County, Virginia , United States |
| Products | Independence Air (budget airline) |
FLYi, Inc., previously known as Atlantic Coast Airlines Holdings, Inc., was an airline holding company incorporated in Delaware and based near Dulles in Loudoun County, Virginia. Prior to its Chapter 11 bankruptcy filing, the firm managed the budget airline Independence Air.
History
Originally established in 1989 under the name Atlantic Coast Airlines Holdings, Inc., the company provided regional flight services through partnerships as United Express and Delta Connection. Following the termination of these codeshare arrangements, it adopted the name FLYi, Inc. in 2004 to introduce Independence Air.
On November 7, 2005, FLYi along with its subsidiaries initiated Chapter 11 bankruptcy proceedings in Delaware, aiming to attract new capital within a sixty-day timeframe. After failing to obtain necessary funding, FLYi discontinued operations on January 5, 2006. Northwest Airlines acquired its operating certificate and utilized it to establish Compass Airlines. Prior to being delisted, FLYi was publicly traded on the Pink Sheets under the ticker symbol FLYIQ.
External links
- Companies based in Dulles, Virginia
- Airline holding companies of the United States
- 2004 establishments in Virginia
- 2006 disestablishments in Virginia
- American companies established in 2004
- American companies disestablished in 2006
- Holding companies established in 2004
- Holding companies disestablished in 2006