Bankruptcy

On this week's edition of You & The Law, attorney Gary Bluestein talks with WBFO's Mike Desmond about taxes and bankruptcy.

Niagara Falls carrier Direct Air files for bankruptcy

Mar 16, 2012

Direct Air, which suddenly suspended its flights this week into and out of Niagara Falls International Airport, filed for bankruptcy today.  The Myrtle Beach, South Carolina-based airline is seeking Chapter 11 protection. 

Papers filed with a bankruptcy court in Massachusetts indicate liabilities between $10 million and 50 million.  The Buffalo News reports Direct Air owes $88,000 in landing fees to the Niagara Frontier Transportation Authority. 

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