April 1, 1992 |
Prime Time Shuttle International Inc., Southern California's second-largest airport-shuttle service that has suffered under the weight of the economic recession and last year's slump in travel during the Persian Gulf War, has filed for Chapter 11 bankruptcy court protection. The company filed the petition in federal bankruptcy court in Los Angeles earlier this month. The court documents list $256,816 in total assets and total liabilities of $2.05 million, including $50,623 in secured debt.
February 19, 1996 |
A Sun Valley airport shuttle services company faces possible revocation of its license for allegedly violating state law by using independent contractors as drivers, rather than company employees who receive benefits. The practice has also raised concerns that Prime Time may flood the market with too many drivers, who could improperly solicit customers. Prime Time Shuttle International Inc.
CALIFORNIA | LOCAL
May 25, 1994 |
A Van Nuys airport shuttle company was fined nearly $5,000 this week for violating state Public Utilities Commission rules, City Atty. James K. Hahn said. The company, Prime Time, had already been fined $80,000 by the PUC for the same violation--hiring drivers as independent contractors rather than employees, as the law requires, said Ruth Kwan, head of the city attorney's consumer protection division.
April 23, 1999 |
A state regulatory panel Thursday cleared away most hurdles hindering efforts by Los Angeles International Airport to restrict shuttle van operations at the nation's third-busiest airport. The state Public Utilities Commission voted unanimously to grant authorization allowing Prime Time Shuttle and Xpress Shuttle to be among three full-service passenger van companies allowed to troll the airport for walk-up customers.
November 7, 1990 |
Prime Time Shuttle and City Shuttle reached a $12-million stock-swap agreement that combines two of the largest Southland-based airport shuttle operations, the companies said Tuesday. The firms, both based in Van Nuys, are merging into a new headquarters in Burbank and will have combined their operations by the end of the week, the companies said. The deal could be a sign of impending consolidation in the industry, which has grown rapidly since 1984.
December 14, 1993
Prime Time Shuttle International Inc., the Sun Valley-based airport-shuttle service operator, said it expected to emerge from Chapter 11 bankruptcy protection in late January. John E. Kindt Jr., Prime Time's president, said the federal bankruptcy court in Los Angeles confirmed the plan Nov. 30 after creditors voted overwhelmingly in favor of the plan, which calls for all creditors to be paid back 100% of their money.