Vanguard Files for Chapter 11

[BovineOne]

http://www.newsday.com/business/nati...ss%2Dheadlines

"I always have hope. I'm a very optimistic guy," said Scott Dickson, the chairman and chief executive of the Kansas City, Mo.-based airline.

"But let's face it, I just can't guarantee" that Vanguard will be able to resume service, he said.

In a letter to employees posted on the company's Web site, Dickson wrote: "It is likely this is a permanent shutdown."

[BovineOne]

http://story.news.yahoo.com/news?tmp...s_passengers_1

Vanguard's gates and ticket counter were empty Tuesday, save for the media and a few security guards, who explained to the airline's customers that Vanguard had shut down and filed for Chapter 11 bankruptcy protection.

"We just want to know if we can get our refund or what," said Rose Padilla, of Kansas City, who came to the Vanguard ticket counter with her husband, Joe, to find out what to do with their tickets for a trip to Los Angeles in September.

[BovineOne]

http://story.news.yahoo.com/news?tmp...ard_airlines_1

Vanguard Airlines suspended operations Tuesday, saying it would lay off nearly all its employees and file for bankruptcy organization.

The Kansas City-based discount carrier has never shown an annual profit in eight years of operation. A recorded announcement on its reservation line early Tuesday said all Tuesday and Wednesday flights had been canceled and all other flights scheduled after that have been suspended indefinitely.

[dbaker]

Farewell, Vanguard. I can't say that I even flew the airline, but in years to come, ITYT founder, Nugget will be able to share stories of the good times.