The days of Kitty Hawk flying out of Fort Wayne may be numbered. Kitty Hawk filed for Chapter 11 Bankruptcy in Federal Court in Texas today. The filing is apparently Kitty Hawk's last gasp at reorganizing before selling off what assets they have reaming.
The taxpayers of Allen County, Indiana may well be called on, to pay off the remaining bond that was floated to build the air hub facility at Fort Wayne International Airport. These is not the first time taxpayers in Allen County has been left "holding the bag" regarding taxpayer guaranteed bonds and the airport.
Click below to view the Securities Exchange Commission filing regarding Kitty Hawk's most recent bankruptcy filing:
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000950129-07-004924&Type=HTM
Previous Post On Kitty Hawk Can Be Read At:
http://fwroadkill.blogspot.com/2007/10/kitty-hawk-update-correction.html
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