Regional airline files for Chapter 11 bankruptcy, cancels flights
thestreet.com • • business
Key Points:
- Tailwind Air, a regional airline based in Westchester County and Sikorsky Memorial, filed for Chapter 11 bankruptcy on January 15, 2026, after unsuccessfully transitioning to a charter-only model in 2024 due to unprofitability and low demand.
- The airline lost its AOC operating license in January 2025, reported assets under $100,000, and liabilities between $1 and $10 million owed to 50-99 creditors, with no public statement yet on restructuring plans.
- Tailwind Air's bankruptcy is part of a broader trend in 2025, with several airlines including Spirit Airlines, Ravn Alaska, Corporate Air, Play Airlines, and Braathens Airlines also filing for bankruptcy or ce
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