Articles tagged “bankruptcy”

The merging airlines have argued that Horton's package shouldn't be considered in the bankruptcy hearing since he'll be paid after the exit and once the consummation is complete. While it violates the spirit of the law, the judge will ultimately decide if the letter is violated, too.

Horton's generous package was one of the biggest deal points during negotiations and the judge's move, if upheld, could put parts of the deal in jeopardy.

Horton's package will result in some comment from the judge, but it's recognized it's a small amount to pay compared to the chunk of change he would have received if American would have exited bankruptcy independently.

Atlantic City can't get a break from its sordid past, and current woes. Revel was way too ambitious, tried to do too much, too soon.

Will the new funding, new owners and lower capital cost structure save LodgeNet? For now, but bigger picture writing's on the wall, as consumers increasingly use their own devices in hotels.

In love and mergers, sometimes it is wiser to play hard to get. At any rate, this romance will soon move to a new level, or be shattered like a broken heart.

AMR Corp.'s request to extend its restructuring-plan to April 1 makes it appear as if a merger with US Airways is being seriously considered, and would be no April Fool's joke.

Pinnacle Airlines may emerge from bankruptcy early in 2013 now that it is making progress in its labor relations.

American Airlines pilots recently ratified a new agreement, but this lingering issue about senior pilots' pensions could cause some unrest.

There’s almost no chance outside investors will step in to save the ailing airline when even owner Vjiay Mallya is hesitant to divert funds into its resurrection.