The Nation : Airline Seeks Bankruptcy

American Central Airlines, suffering the financial effects of a federally ordered 30-day shutdown, has filed for protection from its creditors in hopes of continuing its commuter service to 20 Midwestern cities, airline officials said. The filing under Chapter 11 of the U.S. Bankruptcy Code was made “so that we would assure the continued operation of our scheduled flights,” airline President James A. Pickett said. The Federal Aviation Administration grounded the airline last December for failing to meet record-keeping and operational standards, citing such violations as flying planes in excess of weight limitations.