Independence Air left itself some breathing room with a restructuring plan that included handing over a third of its fleet of 50-seat regional jets to its creditors.
That will save the airline about $95 million in payments.
In addition, struggling Independence is shrinking its workforce from about 4,300 to 3,350 employees this spring, according to The Washington Post.
The airline’s fleet will be cut from 72 regional jets to 58. But the carrier said it would not drop service to any of the cities is currently serves from its hub at Washington Dulles.
Cuts are likely to come on some Florida routes and some smaller Southern cities such as Knoxville, Tenn.
Report by David Wilkening
