DATE: Wednesday, September 17, 1997         TAG: 9709170631

SECTION: BUSINESS                PAGE: D1   EDITION: FINAL 

                                            LENGTH:   19 lines

AIR SOUTH CALLS IT QUITS

Discount airline Air South went out of business Tuesday after it was unable to find a buyer and keep its license. After a three-year financial roller coaster, Air South, which flew out of Norfolk International Airport, stopped flying last month as it filed for bankruptcy-court protection from its creditors. ``What killed us this last year was . . . we just couldn't get the airplanes to the gates on time,'' said Tom Volz, Air South's marketing vice president. While the airline's planes were leased from GE Capital Aviation Services, Air South can sell off its computers, trucks and reservation center. ``Today's a relief,'' said Volz, one of the founders. ``It just seems like every six months we'd hiccup.''

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