April 18, 2014 2:04 PM

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.

Related content

Suggested for you



Editor's Choice Videos