Kitty Hawk Bankruptcy
From Aviation Interactive - Oct 16
Kitty Hawk files for Chapter 11
Kitty Hawk and its wholly-owned subsidiaries (Kitty Hawk Cargo, Kitty Hawk Ground, Kitty Hawk Aircargo and KH Ground) have filed for Chapter 11 bankruptcy protection to “address financial challenges and identify a strategic or financial investor”. In its statement the company also said that it had secured debtor-in-possession financing and planned to operate all of its air and ground networks and conduct business as usual.