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ID:1438348
User:108.59.11.233
Article:Ryan International Airlines
Diff:
(History)
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In February 2012, Ryan furloughed Pilots, Flight Attendants and support staff. On March 6, 2012, Ryan filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]], citing "unexpected and dramatic reductions in military flying."<ref>{{cite news | title=Ryan International Airlines Files for Chapter 11 | url=http://online.wsj.com/article/SB10001424052970204781804577267543448998570.html | work=[[The Wall Street Journal]] | date=2012-03-07 | accessdate=2012-03-07 | first=Stephanie | last=Gleason}}</ref> On April 1, 2012, Ryan lost its bid to continue flying for the [[United States Department of Homeland Security]] (DHS). The loss of the DHS contract resulted in the immediate grounding of four MD-80 aircraft to cut costs. On August 1, 2012, Ryan returned its A330-300 to Virgin Atlantic, ending its lease and and accepting an older model A330-200 formerly operated by [[Atlasjet]]. Six days later, Jeff Potter, former CEO of [[Frontier Airlines]] was hired as the "Chief Restructuring Officer" for Ryan. He is also the President and CEO of aviation consulting firm Boyd Group International. Ryan's President Mike McCabe's position was eliminated. On August 15, 2012, Ryan announced it will be furloughing approximately 30 pilots and 60 flight attendants over the next few weeks. Two days later, the majority of flight attendants voted yes to the AFA Contract agreement. At the end of that month, 25 or more management and administrative positions were eliminated. Those positions received same-day notice as the company attempts to cut further costs. Ryan also announced it will be furloughing more pilots and approximately 18 more flight attendants.{{cn|date=January 2013}}
 
In February 2012, Ryan furloughed Pilots, Flight Attendants and support staff. On March 6, 2012, Ryan filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]], citing "unexpected and dramatic reductions in military flying."<ref>{{cite news | title=Ryan International Airlines Files for Chapter 11 | url=http://online.wsj.com/article/SB10001424052970204781804577267543448998570.html | work=[[The Wall Street Journal]] | date=2012-03-07 | accessdate=2012-03-07 | first=Stephanie | last=Gleason}}</ref> On April 1, 2012, Ryan lost its bid to continue flying for the [[United States Department of Homeland Security]] (DHS). The loss of the DHS contract resulted in the immediate grounding of four MD-80 aircraft to cut costs. On August 1, 2012, Ryan returned its A330-300 to Virgin Atlantic, ending its lease and and accepting an older model A330-200 formerly operated by [[Atlasjet]]. Six days later, Jeff Potter, former CEO of [[Frontier Airlines]] was hired as the "Chief Restructuring Officer" for Ryan. He is also the President and CEO of aviation consulting firm Boyd Group International. Ryan's President Mike McCabe's position was eliminated. On August 15, 2012, Ryan announced it will be furloughing approximately 30 pilots and 60 flight attendants over the next few weeks. Two days later, the majority of flight attendants voted yes to the AFA Contract agreement. At the end of that month, 25 or more management and administrative positions were eliminated. Those positions received same-day notice as the company attempts to cut further costs. Ryan also announced it will be furloughing more pilots and approximately 18 more flight attendants.{{cn|date=January 2013}}
   
On January 11, 2013 Ryan International Airlines is said to be ceasing operations in lieu of their financial struggles and contract with AtlasJet Airlines' failure to pay millions of dollars owed for the flying Ryan has done for them. Ryan suddenly flew their leased A330-200 aircraft back to the United States with no notice to Atlasjet and consequently has dispatched all crews and aircraft in their fleet back to RFD headquarters where employees await an announcement from the airline that they are no longer employed. Failed talks with potential buyers or investors have been rumored but not substantiated and nothing official from the company has been distributed regarding the status of the company to date.
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On January 11, 2013 Ryan International Airlines is said to be ceasing operations in lieu of their financial struggles and contract with AtlasJet Airlines' failure to pay millions of dollars owed for the flying Ryan has done for them. Ryan suddenly flew their leased A330-200 aircraft back to the United States with no notice to Atlasjet and consequently has dispatched all crews and aircraft in their fleet back to RFD headquarters where employees await an announcement from the airline that they are no longer employed. Failed talks with potential buyers or investors have been rumored but not substantiated and nothing official from the company has been distributed regarding the status of the company to date.
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To be purchased by Mickey Mouse so it can make him "Some God Damned MONEY!!!"
   
 
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