Rockford-based airline files for bankruptcy protection - WREX.com – Rockford’s News Leader

Rockford-based airline files for bankruptcy protection

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ROCKFORD (WREX) -

There are more problems for Rockford-based Ryan International Airlines.

According to an internal memo that we've gotten here at 13News, the company filed for Chapter 11 bankruptcy.  Rubloff Development owns Ryan.  The memo, from Rubloff President Mark Robinson, gives a couple of reasons: delays getting a new airplane into service and a drop in troop transport flights.  That was a big part of Ryan's business. The memo goes on to say the chapter 11 filing allows the company to keep operating while it restructures its finances.

About a month ago we told you Ryan announced massive furloughs involving a couple hundred employees.

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