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Econo Airlines goes under

After months of speculation, Econo Airlines has filed for bankruptcy under Chapter 11. The struggling airlines has seen it's profits decline the last 4 years ever since the company was bought by Pinto Corporation for $33 billion. The company has cancelled all flights for at least 30 days. At that time the decision will be made to either reorganize or shut down operations completely. Passengers holding future tickets will be given full refunds or booked on another airline at no extra charge.