Wexford Capital has made this announcement:
Wexford Capital LP announced that it and certain affiliates received bankruptcy court approval to reorganize and acquire Via Airlines, Inc., a FAA Part 121 regional airline based in Maitland, FL. This transaction allows Via, which will be rebranded, to restart domestic operations, once approved by the DOT and recertified by the FAA. The new airline will be supported by a highly experienced management team.
The reorganized company intends to provide regional air services in strategic markets that have been crippled in the wake of COVID-19. The Company’s new management team will be led by former COO of Republic Airways, Wayne Heller who will serve as the Company’s CEO.
“We are evaluating initial launch markets and strategic partnerships, including, but not limited to, the Southeast, Midwest and Alaskan markets,” said Heller. “Although the Pandemic has decimated and challenged the airline industry today, we believe that a quality regional air services provider will continue to be highly desired and vital for the transportation of people and goods throughout the U.S for the foreseeable future, and we intend to be part of that solution”, Heller went on to say.
“We are excited to reenter the regional airline space. Leveraging our decades of experience investing in the airline industry, we are excited about the opportunity to create the next best-in-class regional airline,” added Arthur Amron, a Partner of Wexford.
Wexford has a long track record of investing in the airline industry, such as founding and driving the transformation of Republic Airways into a regional airline with over 200+ modern regional jets.
Via Airlines on October 8, 2019 announced it was filing for Chapter 11 bankruptcy and ceased all operations.
Via Air aircraft photo gallery:
Via Air aircraft slide show: