Flying J declares Chapter 11 reorganization

Dec. 23, 2008
Flying J Inc, Ogden UT, and certain of its subsidiaries have filed Chapter 11 reorganization in order to address near-term liquidity needs brought about by the decline in oil prices and disruption in the credit markets, according to Flying J information.

Flying J Inc, Ogden UT, and certain of its subsidiaries have filed Chapter 11 reorganization in order to address near-term liquidity needs brought about by the decline in oil prices and disruption in the credit markets, according to Flying J information.

The company said in a news release that all of its operations, including approximately 250 travel plazas and fuel stops, are open and serving customers in the normal course. The company plans to continue normal business operations as it moves through the reorganization process.

The bankruptcy filing includes Flying J Inc and its Big West refining and Longhorn Pipeline subsidiaries only. No other subsidiaries or affiliates, including the company’s Canadian operations, were included in the filing or are subject to the reorganization proceedings, according to the Flying J information.

Personnel layoffs are not expected. Flying J will be filing customary “First Day” motions to support its employees, customers, and suppliers by providing for the company’s associates to continue to be paid in the usual manner, and for their medical, dental, life insurance, disability, and other benefits to continue without disruption. Suppliers will be paid under normal terms for goods and services provided after the filing date of December 22, 2008, according to the Flying J information.