Post by Big Yogi

Please tell me its not true! THE 10 DOLLAR HOLLA IS GONE! The blessing to the skyline that we called SKYBUS has officially shut down for good. I know right now that thousands of people around the country feel like breaking down and crying and I know that DJ Steph Floss will have a field day clowning this on his next mixtape but oh well. Just recently the CEO and Chief Operations Officer resigned from SKYBUS and that turned on the red alert, but now we know why.

Here is the statement:

What’s even crazier is that SKYBUS will officially cease ALL FLIGHTS as of April 5th. So starting tonight at MIDNIGHT if you are in any of the city’s outside of Columbus and expecting SKYBUS to take you home, SORRY CHARLIE, you better call somebody you know to come pick you up or spend those chips to catch another flight. I don’t know wheather to cry or to laugh, but I DO know it’s gonna be like the TWILIGHT ZONE at the airport tomorrow. This is how I suspect it will go down:

passenger: I have a 12 o’clock flight today from Kansas City to Columbus and I need to check in for my flight

SB: sorry sir you have a flight to where?

Passenger: Um, Columbus

SB: sorry sir we don’t have any flights to Columbus

Passenger: Excuse Me? (or if your hood, “Say What?”)

SB: No Sir SKYBUS closed down today and there are no more flights from here or anywhere

Passenger: Sooooo, what in the hell am I supposed to do?

SB: Well sir, I suggest you get it together and find you a way home because it’s a wrap over here buddy

OK maybe I took it too far but this crazy, how could you expose people to one of the best deals on a flight EVER and then pull it from under their feet. Expect alot of negative responses to this news.

I can’t believe this is going down like this. They must have been loosing money faster than amateurs at Vegas Night. Stay tuned to the FLYPAPER for more details.

HERE IS THE STORY FROM THE ASSOCIATED PRESS

Airport: Skybus Airlines Shutting Down
By MEGHAN BARR – 1 hour ago

COLUMBUS, Ohio (AP) — Low-cost carrier Skybus Airlines is shutting down Saturday and plans to file for bankruptcy protection next week, becoming the latest of the nation’s airlines to fall because of rising fuel costs and a slowing economy.

The financial situation of the airline, which announced the shutdown late Friday, has worsened in recent weeks, said Skybus spokesman Bob Tenenbaum.

“We deeply regret this decision, and the impact this will have on our employees and their families, our customers, our vendors and other partners, and the communities in which we have been operating,” Michael Hodge, chief executive of Columbus-based Skybus, said in a statement.

“Skybus struggled to overcome the combination of rising jet fuel costs and a slowing economic environment,” he said. “These two issues proved to be insurmountable for a new carrier.”

The airline makes 74 daily flights to 15 U.S. cities, Tenenbaum said. It has about 450 employees.

Tenenbaum did not know how many passengers would be affected but said the company has flights scheduled through Sept. 2. All passengers affected by the shutdown are eligible for a full refund.

The airline said that all flights were to be completed Friday and that it plans to file Monday for Chapter 11 bankruptcy protection.

Skybus is pulling the plug less than two weeks after CEO Bill Diffenderffer resigned to pursue a book-writing career. He was succeeded by Hodge, the company’s chief financial officer for the past year.

Skybus has endured some bumps since it began flying May 22, 2007. Over two days during Christmas week, the airline canceled as many as a quarter of its flights because of problems with two of its planes. Recently, it has been dropping flights and destinations because of high fuel costs.

The announcement adds to a string of bad news for airlines, which have been hurt by a slowing economy, high fuel prices and maintenance concerns.

ATA and Aloha Airlines both stopped flying this week after filing for bankruptcy protection. American, Southwest and Delta airlines have all had to cancel flights recently to address safety concerns about some of their aircraft.