April 18, 2014

Myrtle Beach-based Direct Air founder files for bankruptcy protection as creditors swarm

Ed Warneck – one of the founders of Myrtle Beach-based Direct Air – has filed for personal bankruptcy protection in an effort to avoid having to pay back money he received from the failed charter air carrier and a $25 million debt guarantee he made to Merrick Bank, which was forced to refund customers’ ticket purchases after the bankrupt carrier abruptly stopped flying in March 2012.

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