Good Night Independence…

The best quote I ever heard about investing in airlines is that you should only do it with your mother in law’s money. Apparently the folks that spent their hard earned cash on Independence Air are about to learn that lesson the hard way as Independence has filed for Chapter 11 Bankruptcy protection in Delaware this morning. No word on what Sen. Vinick (R-CA) or Rep. Santos (D-TX) have to say about this after their discussion of airline bankruptcies in their live debate last night. Seriously, don’t you wish your politicians talked like those guys? Without message people, or anything? And were mostly eloquent? Anyhow, Independence flights are on schedule for today, but no word on what’s going to happen next.

Personally, I’m rooting for JetBlue to buy them up for their gate space at Dulles.

1 Comment so far

  1. Don (unregistered) on November 7th, 2005 @ 11:29 am

    My favorite quote about airlines is “The best way to make yourself a small fortune is to start with a large fortune and buy an airline.”

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