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Judge Orders GLO Airlines to Go Out of Business

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TSM

A federal bankruptcy judge has ordered GLO Airlines to begin selling the pieces of it’s company to repay it’s debts. FlyGLO LLC filed for bankruptcy earlier this year, but were back in the air quickly. However, according to NOLA.com, the continued process has not gone the way GLO had hoped.

Reports say that the summer has been filled with accusations from all sides that deals reached in the courts have not been held up. It was revealed today that the judge ordered the liquidation process on September 1st.

GLO Airlines began offering service out of Shreveport Regional Airport in 2015, with non-stop flights to New Orleans. At that time, the company had planned to run 30-passenger Saab 340B planes between the two cities for an original, promotional ticket price of $189 a seat.

Earlier this year, Mark Crawford from the Shreveport Regional Airport told KEEL News that GLO averaged 1,000 passengers a month in and out of Shreveport Regional.

NEXT: UBER COMES TO NORTH LOUISIANA

 

 

 

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