Hooters chairman heads group interested in Vanguard Airlines
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Posted 7:08PM on Wednesday 14th August 2002 ( 22 years ago )
KANSAS CITY, MISSOURI - An investors group - headed by an Atlanta businessman who heads up Hooters restaurants - is interested in Vanguard Airlines, the Kansas City-based discount carrier that shut down and filed for bankruptcy last month. <br>
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The airline filed for Chapter 11 protection from creditors on July 30. The company abruptly stopped all flights and laid off most of its 1,100 employees. <br>
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The investors group is led by Robert H- Brooks, an Atlanta businessman and chairman of Hooters of America Incorporated. Vanguard said last week that in a last-ditch attempt to resume operations it was in negotiations with an investor it did not then identify. <br>
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In a statement issued Tuesday, Brooks said ``We are seriously considering an investment in Vanguard Airlines.'' Brooks added that his group had already committed to provide limited interim funding to the crippled airline in the hopes of keeping it operational. <br>
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The Hooters chain, known for waitresses wearing tight orange shorts and low-cut T-shirts, operates restaurants in 315 locations around the world.
http://accesswdun.com/article/2002/8/191330
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