Air Transport World

ASPEN FILES FOR CHAPTER 11.(Brief Article)

Aspen Mountain Air has filed for protection under Chapter 11 of the U.S. bankruptcy code and secured interim financing that will allow it to continue operating.

"Filing for Chapter 11 protection safeguards AMA's assets and provides [the Grand Prairie, Tex. -based carrier] with the opportunity to reorganize, by, among other things, attracting new investors or selling the company," said Chairman and CEO Ron Stone.

Stone did not indicate who might be interested in investing in or buying the carrier that provides service to 22 cities in the U. …

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