Bankruptcy Court
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AMR Corp. today filed voluntary petitions for a Chapter 11 bankruptcy reorganization
in the U.S. Bankruptcy Court for the Southern District of New York "to achieve a cost and debt structure that is industry competitive and thereby assure our long-term viability." The company indicated that American Airlines and American Eagle will continue normal operations.
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New Players Take Up Registered Traveler Quest
… participants if they opt-in to transfer their data to the new firm. Such provisions also were included in the bankruptcy court judge's order, through which the buyer would have to give former Clear members 30 days to opt out of any re …
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Court Supports Proposed Sale Of Registered Traveler Assets
A bankruptcy court judge today approved Verified Identity Pass' proposed sale to Alclear ..... note: A previous version of this story incorrectly indicated the bankruptcy court judge cleared the asset sale to Henry Inc., not Alclear.
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Court Approves Frontier Reorganization Plan
The bankruptcy court overseeing Frontier Airlines' Chapter 11 restructuring today gave ..... operations under the Southwest flag ( BTNonline , Aug. 14) . A U.S. bankruptcy court last month approved Republic's plan to purchase 100 percent of Frontier …
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Republic Beats Southwest In Bid To Buy Frontier
… rationalize operations out of Frontier's Denver hub and convert Frontier's Airbus fleet to Boeing 737s. A U.S. bankruptcy court last night blessed Republic's plan to purchase 100 percent of Frontier's stock for $108.75 million and waive …
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Southwest To Raise Republic In Frontier Airlines Bid
… next month through the U.S. Bankruptcy Court for the Southern District of ..... submitted in June, which the bankruptcy court approved this month. Southwest ..... Southwest last year went through bankruptcy court to purchase the assets of bankrupt …
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Extended Stay Hotels Files for Bankruptcy
… protection. The South Carolina-based firm, which holds more than 680 properties, said in its filing with the U.S. Bankruptcy Court in New York that it had $7.6 billion in debt, compared to $7.1 billion in assets at the end of 2008. The …
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Southwest To Launch Midway, BWI Service From LaGuardia
… launch service in New York through the purchase of airport slots owned by the now-defunct ATA Airlines. An Indiana bankruptcy court judge overseeing the restructuring of ATA last month approved the sale of assets to Southwest. Some corporate travel …
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NYC To Test Southwest Effect
… partner ATA Airlines, which filed for bankruptcy and discontinued flights in April (BTNonline, April 3) . The bankruptcy court in Indiana overseeing ATA's proceeding this month approved the carrier's sale to Southwest, though a Southwest …
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Frontier Secures Alternate Financing Deal
… which has been operating under Chapter 11 bankruptcy protection since April, said the deal must first be approved in bankruptcy court . The carrier said the new financing offer "provides Frontier with lower financing costs, less restrictive covenants …
