Late Rescue for Vanguard?

[yeogeo]

NY Times 10/25/02
Possible Late Rescue for Vanguard Airlines
By EDWARD WONG
The chief executive of Vanguard Airlines said yesterday that his company, now bankrupt, was preparing to liquidate its assets even as it continued last-minute negotiations with a potential investment group...
http://www.nytimes.com/2002/10/25/business/25AIR.html

 

[skybolt]

For the sake of their pilots/employees, I hope they find a way to operate, but I doubt that they will return. Even if they return, there is little chance for success. They operated for around a decade and never could find their niche. I would venture to guess that a reborn vanguard would find it quite difficult to regain passenger confidence, and in todays environment of super cheap fares, they won't have any lowfare market advantage to entice passengers away from AA/SWA/etc.

skybolt

 

[JI Guy]

Any late word on this rescue or did the Carpathia come too late as in real life?

 

[KCFlyer]

It's still up in the air, although Kansas City has mixed emotions about it...if they are liquidated, this will speed up the renovation of terminal A and save this city about $5 million in renovation costs. On the other hand, it's always nice to have as many airlines as possible operating out of your airport. Given the struggles Vanguard has had, and the current economic climate, I doubt that there are any really serious buyers out there.