Knoxville's IdleAire files bankruptcy

KNOXVILLE, Tenn. (WVLT/ AP) -- Knoxville-based IdleAire, which makes combination in-cab HVAC/ Internet/ TV units for big-rig truckers, has filed Chapter 11 bankruptcy.

The company, started eight years ago, filed a report with the Securities and Exchange Commission saying they expected a $93 million net loss in FY2007 on about $37 million in revenue.

The bankruptcy papers say the company owes more than $303.5 million in debts, but has only a $210.8 million in assets.

(The Associated Press contributed to this story.)

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  • by Bea Location: Knoxville on May 14, 2008 at 07:09 AM
    What happen to the Founder C. Wilson?


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