FLYi, Inc., previously known as Atlantic Coast Airlines Holdings, Inc., was a Delaware

Delaware

Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...

 airline holding company based in the Dulles

Dulles, Virginia

Dulles, Virginia is an unincorporated area located in Loudoun County, Virginia, part of the Washington Metropolitan Area. The headquarters of Orbital Sciences Corporation, GeoEye, and ODIN technologies and the former headquarters of MCI Inc...

 area of unincorporated

Unincorporated area

In law, an unincorporated area is a region of land that is not a part of any municipality.To "incorporate" in this context means to form a municipal corporation, a city, town, or village with its own government. An unincorporated community is usually not subject to or taxed by a municipal government...

 Loudoun County

Loudoun County, Virginia

Loudoun County is a county located in the Commonwealth of Virginia, and is part of the Washington Metropolitan Area. As of the 2010 U.S. Census, the county is estimated to be home to 312,311 people, an 84 percent increase over the 2000 figure of 169,599. That increase makes the county the fourth...

, Virginia

Virginia

The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...

. Prior to filing for Chapter 11 Bankruptcy, the company operated Independence Air

Independence Air

Independence Air was a low-cost airline, owned by FLYi, Inc., headquartered in the Loudoun Gateway Corporate Center in Dulles, unincorporated Loudoun County, Virginia, United States that operated from 1989 until 2006. Its route network focused on the East Coast of the United States, but it also...

.

History

Atlantic Coast Airlines Holdings, Inc. was a commuter airline formed in 1989. Atlantic Coast Airlines

Atlantic Coast Airlines

Atlantic Coast Airlines was an airline based in the United States owned by Atlantic Coast Holdings, Inc.. It operated as United Express for United Airlines and Delta Connection for Delta Air Lines. It was headquartered in the Dulles area of unincorporated Loudoun County, Virginia, United States....

 operated as United Express

United Express

United Express is a brand name under which eight regional airlines operate feeder flights for United Airlines. They primarily connect smaller cities with United's domestic hub airports and “focus cities,” although they offer some point-to-point service such as Sacramento to Eureka.As of Sept...

 and Delta Connection

Delta Connection

Delta Connection is the name under which a number of individually owned regional airlines and one wholly owned regional carrier operate short and medium haul routes in association with Delta Air Lines Inc...

.
Upon termination of their codeshare agreements, in 2004 the company changed its name to FLYi, Inc, representing the airline's new name, Independence Air.

On November 7, 2005, FLYi, Inc. and its subsidiaries filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware. This press release declares that they expected to attract new investors within sixty days of the filing.

Due to Flyi not finding an investor as expected, Flyi ceased operations on January 5, 2006 at 7:00 p.m. UTC-5

UTC-5

UTC−05:00 is an identifier for a time offset from UTC of −05.This offset is used in the Eastern Time Zone during standard time and in the Central Time Zone during Daylight Saving Time ....

. The airline's operating certificate was purchased by Northwest Airlines

Northwest Airlines

Northwest Airlines, Inc. was a major United States airline founded in 1926 and absorbed into Delta Air Lines by a merger approved on October 29, 2008, making Delta the largest airline in the world...

 and operated Compass Airlines

Compass Airlines (North America)

Compass Airlines is a regional airline headquartered at Minneapolis-St. Paul International Airport in Fort Snelling, Hennepin County, Minnesota; prior to December 16, 2009, it was headquartered in unincorporated Fairfax County, Virginia, United States, east of the Chantilly CDP...

. The company had traded on the Pink Sheets

Pink Sheets

OTC Markets Group, Inc., informally known as "Pink Sheets", is a private company that provides services to the U.S. over-the-counter securities market including electronic quotations, trading, messaging, and information platforms. According to the U.S. Securities and Exchange Commission, OTC...

under the symbol FLYIQ, but the stock has since ceased trading there.