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Daily Blog: Scouting the Internet and World at large
Here you will find short blurbs about interesting articles and buzz worthy rumors related to technology, business, or regional topics for the North Carolina and Charlotte area. This section is by no means published daily but the content is updated much more frequently.
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Written by Brian Austin
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Sunday, 06 April 2008 |
 An inevitable tide of bankruptcies follows the rise in petroleum prices and belt tightening of consumers fearful of recession. The third in a string of low cost regional air carriers has filed for Chapter 11 citing mainly the rising cost of fuel. Skybus followed ATA and Aloha Airlines by canceling flight and laying off employees leaving passengers stranded.
Low-cost carrier Skybus calls it quits
Low-cost carrier Skybus Airlines said Friday that it was ceasing operations on Saturday, calling itself a victim of rising jet fuel costs and a slowing economic environment.
The Columbus-based company said in a statement Friday night that it would file for Chapter 11 bankruptcy protection on Monday.
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