Airlines bankruptcy hits local airport
American Airlines’ bankruptcy has hit Chattanooga Metropolitan Airport’s wallet.
When American filed for bankruptcy last month, the carrier owed the airport $25,000 in fees, according to an official. Now the airport will be one of many nationally standing in line for payment after the company’s bankruptcy is settled.
“Since we have already been through this Chapter 11 cycle with Delta, Northwest and US Airways, we anticipate that we will settle with the airline for a portion of their debt within the next 12 months,” said airport spokeswoman Christina Siebold.
The airline’s subsidiary, American Eagle, flies round trips between Chattanooga and Dallas-Fort Worth and Chicago.