FLYi Wins Lease Concessions, Will Return 24 Regional Jets

Independence Air parent FLYi appears to have averted a possible near-term bankruptcy filing thanks to a wide-ranging deal to end leases on 24 of its 50-seat regional jets that will save the carrier more than $80 million in the next two years and defer another $70 million in CRJ rent payments. FLYi's...

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