- Published on Friday, June 29, 2012 17:49
- Written by Press Release
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SAIPAN Air general counsel Steven Pixley in a statement Friday announced that the NMI's first airline, which was supposed to launch its first flight on July 1, is ceasing operations immediately.Pixley said the "difficult" decision "follows months of preparation and millions of dollars in expenses."
He said Tan Holdings' Saipan Air "acknowledges the hard work and effort expended by our staff and travel partners toward building the first locally based air service."
Unfortunately, he added, " the economic reality of restarting operations following the postponement of the original launch date presents an insurmountable obstacle."
According to the lawyer, Swift Air, "the entity that defaulted on its charter agreement contract with Saipan Air, filed bankruptcy. Despite this filing, Saipan Air will continue to pursue all of its legal options."
Swift Air owes Saipan Air $1.276 million.
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