Ryan International Airlines (Rockford) yesterday (January 11) reversed its bankruptcy reorganization path from reorganization (Chapter 11) to liquidation (Chapter 7). The charter airline suddenly shut down and laid off all of its employees. The airline is still talking with prospective investors but it is a long shot for the airline to restart operations.
The airline went into Chapter 11 reorganization in March 2012. Previously the company was established by Ron Ryan in Wichita, KS and started operations on March 3, 1973 as Ryan Aviation. In 2005 the company was sold to the Rubloff Development Group which moved the company to Rockford (near Chicago) in 2006.
Read the full report from Channel 13 in Rockford: CLICK HERE
Top Copyright Photo: Bruce Drum. Boeing 757-2G5 N929RD (msn 23929) at Miami displays the 2004 livery of the company.