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Vanguard Airlines at 1:00am EDT, suspended operations and plans to file for bankruptcy, according to a company statement. A recording on Vanguards reservation line states that all flights will be cancelled through Wednesday, July 31, 2002, and all flights have been suspended indefinitely.

The company is seeking funds in order to resume operations. The company intends to file for protection under Chapter 11 of the Federal Bankruptcy Code. Vanguard's Web site is also inoperable and was not taking reservations early Tuesday. All Vanguard employees were also terminated as of 1 a.m. this morning with very few exceptions.

Vanguard serves 18 cities, including its Kansas City hub. GTM is currently generating reports to identify which of our clients have confirmed and ticketed flights on this carrier and will notify you in advance of your flight to make alternate arrangements for air passage. We are also diligently working with other carriers who might waive higher priced applicable airfares in place of those purchased through Vanguard Airlines.

If you are are booked on a future Vanguard flight, and have not yet been contacted by a GTM representative, please contact GTM for assistance.