Flying J Files for Bankruptcy
Cites Lower Fuel Prices; Truck Stops to Remain Open
Truck stop chain Flying J Inc. said Monday it hasÌýfiled for Chapter 11 bankruptcy reorganization, “to address near-term liquidity needs brought about by the precipitous decline in oil prices coupled with the disruption in the credit markets.â€
The company said all of its approximately 250 travel plazas and fuel stops will remain open, and that it plans to continue normal business operations as it moves through the reorganization process.
The filing includes Flying J and its Big West refining and Longhorn Pipeline subsidiaries only. No other subsidiaries or affiliates, including its Canadian operations, are included, the company said.