Northwest Buys FLYi Operating Certificate

The operating certificate is a document the Federal Aviation Administration requires airlines to have, and buying someone else's is considered easier than completing the paperwork to start one from scratch.
March 10, 2006

Northwest Airlines Corp. said it has bought the operating certificate of bankrupt FLYi Inc., a key move toward starting a new subsidiary for regional flying.

Northwest confirmed on Friday that it bought the operating certificate "and related assets" which it didn't name. The operating certificate is a document the Federal Aviation Administration requires airlines to have, and buying someone else's is considered easier than completing the paperwork to start one from scratch.

Last week Northwest reached a tentative agreement with pilots that allows it to start a subsidiary to fly planes with 51 to 76 seats - a key size in Northwest's Midwestern markets.

FLYi was the parent company of Independence Air, based in Chantilly, Va., which shut down Jan. 5 after about a year and a half of operation. FLYi filed for Chapter 11 protection in November.

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On the Net:

Northwest Airlines: http://www.nwa.com

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