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Ruan Inc

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June 2, 2000 | Stephen Gregory
Discount air carrier AccessAir hopes to resume service to Los Angeles this summer after a federal bankruptcy court approved transfer of a $500,000 loan to keep the company afloat while it completes a Chapter 11 reorganization plan. The Des Moines-based air carrier had provided Los Angeles-to-New York service with a stop in Iowa's capital for much of last year before $30 million in losses forced the company to file for Chapter 11 protection and ground all flights in November. Ruan Inc.
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BUSINESS
May 29, 2000 | Associated Press
Des Moines-based Ruan Inc. plans to provide the $13 million that AccessAir, which had provided daily service from LAX to the Midwest and New York, needs to resume passenger airline service. A reorganization plan filed last week in U.S. Bankruptcy Court in Des Moines said Ruan would provide all the investment the start-up airline needs to resume commercial service.
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