Chicago Express Moving To Indy? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Sun, Apr 10, 2005

Chicago Express Moving To Indy?

New Owner, New Home

The new owner of Chicago Express intends to move the bankrupt airline to Indianapolis and hopes to resume operations as early as May. The airline will join ATA and Republic Airways Holdings Corp to become the third airline based in Indianapolis if all goes as planned.

Okun Enterprises is preparing a business plan which will outline the potential routes and expected revenue. The plan must be approved by the US Department of Transportation before the airline can operate again according to Okun Attorney, Joseph Kavan, speaking to the Indianapolis Star.

"Whenever a change of control of any magnitude occurs, the transportation department wants to make sure the carrier is adequately" financed by new owners, said Robert Agnew, president of the Arlington, Va., consulting firm to the Star.

A US bankruptcy judge approved the sale of the airline to real estate investor Edward Okun on Monday. Okun has hired aviation consultants Morton, Beyer & Agnew to help reopen the airline. Proposed routes may be between Indianapolis and Evansville, South Bend and/or Fort Wayne.

ATA Holdings shut down Chicago Express on March 28th to cut costs. Okun bid between $3 to $4 million for the airline and has also agreed to purchase two of ATA's Saab 340 Turboprops for $2.44 million.

FMI: www.chicagoexpress.com

Advertisement

More News

KidVenture Educational Activities Lineup At EAA AirVenture 2025

Youth Explore With Hands-On Builds, RC Airplanes, Flight Sims, Much More KidVenture is located just north of the EAA Aviation Museum, at Pioneer Airport, and has arranged a myriad >[...]

Aero-News: Quote of the Day (07.07.25)

“About nine decades ago, Amelia Earhart was recruited to Purdue, and the university president later worked with her to prepare an aircraft for her historic flight around the >[...]

Airborne 07.07.25: Sully v Bedford, RAF Vandalism, Discovery Moving?

Also: New Amelia Search, B737 Flap Falls Off, SUN ‘n FUN Unveiling, F-16 Record Captain Sully Sullenberger, the pilot who saved 155 people by safely landing an A320 in the Hu>[...]

Aero-News: Quote of the Day (07.08.25)

"It is critically important for North American flight safety that Temporary Flight Restriction (TFR) violations are avoided. All pilots must familiarize themselves with updates to >[...]

Airborne-NextGen 07.08.25: Joby in Dubai, Army Electra, Archer iin Abu Dhabi

Also: Hackers v Aviation, Discovery Moving?, Gogo Galileo HDX, EVE to Costa Rica Joby Aviation announced its electric air taxi successfully completed a series of VTOL wingborne tri>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC