Pace Airline saga ends after 4 years - Winston-Salem Journal: Business News

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Pace Airline saga ends after 4 years

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William Rodgers

Posted: Tuesday, July 30, 2013 10:00 pm

The Pace Airlines Inc. bankruptcy saga has closed, nearly four years after the company was shut down in September 2009, eliminating 421 jobs.

Bankruptcy trustee Edwin Allman III said in a final filing Friday that $1.27 million was distributed to Pace’s employees, with $37,693 in assets going unclaimed and considered as abandoned. About $640,000 in administrative expenses were paid during the Chapter 7 case.

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