TransMeridian Airlines, a struggling Georgia-based carrier, has halted all its flights after failed negotiations to restructure its debts and plans to file for bankruptcy, the company said Friday.
The airline plans to file for Chapter 7 liquidation within a few days, said Frank Fraboni, a company spokesman.
Fraboni would not give additional information about the financial status of the company, which is based in Lithia Springs, Ga.
Customers with tickets on now-canceled TransMeridian flights should contact their credit card companies or travel agents, Fraboni said.
About 500 employees will lose their jobs, Fraboni said.
The airline described itself as a supplemental carrier that has taken more than one million passengers to more than 150 destinations in the U.S., Mexico, South America and the Caribbean.
The company maintained a heavy presence at MidAmerica Airport near St. Louis. It flew flights from Atlanta, said Felicia Browder, spokeswoman for Hartsfield-Jackson Atlanta International Airport.
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