Skybus Becomes Latest Carrier To File For Ch. 11

Law360, New York (April 7, 2008, 12:00 AM EDT) -- The young carrier Skybus Airlines filed for Chapter 11 protection and ceased all operations Saturday, becoming the third airline in recent weeks to head into bankruptcy court.

The Ohio-based airline cited the combination of the rising cost of jet fuel and the weak economy as its downfall in a statement on its Web site and in its bankruptcy filing in the U.S. Bankruptcy Court for the District of Delaware.

"We deeply regret the impact this decision will have on our employees and their families, customers, vendors,...
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