NAL record set; money in sight!

January 17, 2001 3:09 AM
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FLYING HIGH! The week ending January 14, had the highest passenger count in the 89-week history of National Airlines, GamingToday has learned.

Moreover, it was also discovered that Las Vegas’ hometown airline has several solid investors lined up to come to the rescue. National Airlines voluntarily filed for bankruptcy protection (Chapter 11) in early December. The company cited the sharp rise in fuel costs as its problem.

"I can’t identify the prospective investor other than to say they are in the aerospace industry," said the source.

More: "The name of the game is selling seats. And, National did so in record fashion last week. At the same time, the airline continues to get letters from satisfied passengers wishing the company success. If you’re coming to Vegas from a number of eastern cities and dig non-stop flights, National’s the way to go."

Harrah’s/Rio resorts is a major investor. Prior to its Chapter 11 filing, National ”” through a meeting set up by Harrah’s ”” met with a number of major industry casinos for investment purposes. Initially, there were no takers among the casinos.

Telephone calls to National Airlines went unreturned by deadline on Monday.