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Evergreen International Files For Banruptcy
The petition filed in U.S. Bankruptcy Court in Wilmington, Delaware, cited as much as $100 million in assets and as much as $500 million in debt. (www.bloomberg.com) More...
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Sad to see Evergreen go the way of so many US-flag freight carriers, but operating aging equipment and the feast or famine world of Government contracts will do that to ya.
Also the World of International Cargo has been very sparse of late. Many planed are sitting waiting for loads to make the trips worth while.
Evergreen has been around a long time.I hate to see this happen.I can inly imagine how this will affect forest fire season.
Such a sad thing to hear of such a great company. I once had the opportunity to see their 747-200, such an amazing sight to see.
