Boston-Provincetown Airline filed Chapter 11.
The troubled airline is one of the nation’s largest regional carriers. Stephen Story, an attorney for Hugh C. Culverhouse, who holds a controlling interest in the Naples, Fla.-based airline, said the Chapter 11 petition was filed in U.S. Bankruptcy Court in Tampa at 5:03 p.m. EST, after normal working hours. The carrier was forced to file for protection because of “cash-flow requirements due to outstanding accounts payable,” Story said. But he added that “we will continue operations as usual.”
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.