Tailwind Air files for Chapter 11 as NYC–Boston seaplane operator lists up to $10M in liabilities
Tailwind Air and two affiliates filed for Chapter 11 bankruptcy in Virginia on Jan. 15, court records show. The seaplane operator listed up to $50,000 in assets and as much as $10 million in liabilities. Tailwind had already ended its Manhattan-to-Boston shuttle after low demand and failed investor talks. The company continues to run charter flights.