PEOPLExpress purchases XTRA
#1
I've been following the progress of PE since they announced last year that the airline would be restarted. Back in February, they got a loan to buy an undisclosed charter company and have been quiet about progress ever since. They finally announced yesterday that they purchased XTRA Airways. Good luck to anyone at XTRA. I hope this works out for all of you. The press release is linked below.
http://www.flypex.com/includes/PEX_PR_06052013.pdf
http://www.flypex.com/includes/PEX_PR_06052013.pdf
#2
well it will keep the doors open through the summer I hope. It will be interesting to see what happens next and how long it will last. Taking 4 months to get the money together after having a purchase agreement does not give me any confidence they have the money to get things going.
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