Independence Air May File for Bankruptcy Soon

Several sources are claiming that an Independence Air bankruptcy filing within this week is imminent. There are indications that the carrier may file for either Chapter seven or eleven bankruptcy as early as tonight. Independence Air management has been decidely mum; no press release has been circulated yet. Although it is highly unlikely, there is speculation that Richard Branson may purchase Independence Air, rehabilitate it, and use it as the foundation for his proposed (and slowly developing) Virgin America. Stay tuned for more news…