Direct air

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Direct Air Directionless

To the list of defunct airlines in 2012: Air Australia, Air Zimbabwe, Spanair and Malev, we can add the latest collapse of an airline: Directair. After suspending  all of its scheduled flights in the middle of the spring break travel season last week, there probably was not much left to do. White knights are few and far between in this economy. Initially they promised a resumption of service on March 15. This resumption was delayed until May 15. Now that option has gone. Court documents show the company has at least  $10 million in debt and just $500,000 to…

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