Northwest Buys FLYi Operating Certificate
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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