Air Canada Creditors Clear Carrier&#39;s Bankruptcy Plan
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Aug. 17 (Bloomberg) -- Air Canada creditors including a General Electric Co. unit and Deutsche Bank AG cleared a plan that gives them most of the company&#39;s equity when the carrier emerges from bankruptcy protection at the end of September.
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FORT WORTH, Texas The parent of American Airlines today announced it&#39;s received an 850 (M) million dollar, six-year credit line.
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A Canadian court approved Air Canada&#39;s (AC.TO: Quote, Profile, Research) plan of arrangement with creditors on Monday, clearing the way for the world&#39;s 11th largest airline to emerge from bankruptcy protection at the end of next month
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TORONTO Aug. 23, 2004 - An Ontario court on Monday approved Air Canada&#39;s restructuring plan that is aimed at allowing the airline to emerge from bankruptcy by the end of September with a smaller work force
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The withdrawal ends speculation of an imminent wave of consolidation in the troubled airline industry.
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United Airlines on Friday said it has agreed with its creditors' committee to a 30-day extension, subject to court approval, of the period during which it can exclusively file a bankruptcy reorganization plan.
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A federal bankruptcy court judge on  Tuesday approved a $117 million bid from Southwest Airlines  LUV.N for assets of ATA Holdings Corp. ATAHQ.PK, clearing  the way for a deal that allows the airlines to sell tickets on  some of each other's flights.
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After more than 16 months of restructuring, Air Canada&#39;s creditors overwhelming endorsed the airline&#39;s new business plan during a meeting at a Montreal hotel Tuesday.
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Shares of Air Canada AC.TO fell by  more than half on Wednesday, after the Toronto Stock Exchange  said it was reviewing the company's stock to determine if it  meets listing requirements.
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Shares of Air Canada  (AC.TO) fell by more than half on Wednesday, after the Toronto Stock Exchange said it was reviewing the company's stock to determine if it meets listing requirements.
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CLEARWATER - The parent company of ATA Airlines, the busiest carrier at St. Petersburg-Clearwater International Airport, filed for bankruptcy protection Tuesday and agreed to sell assets that eventually will benefit service at Tampa International Airport.
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Air Canada received court clearance yesterday to emerge from bankruptcy protection next month and embark on a bold new mission to fend off rivals, corral costs and jettison its stormy past.
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MONTREAL (CP) - The Competition Bureau and Air Canada have ended their litigation over allegations that the airline engaged in anti-competitive practices against low-cost carriers WestJet and CanJet.
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Refco Inc. RFXCQ.PK has reached an   oral agreement to pay all its creditors, a major step toward   concluding the brokerage's nearly yearlong bankruptcy, lawyers   involved in the talks said on Thursday.
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Shares of the newly restructured Air Canada are set to take off after the airline emerges from creditor protection this week with an improved balance sheet, lower operating costs and an eye on the international market after 18 months under court
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Canada&#39;s Bombardier family has taken back management control of the troubled transport equipment maker that bears its name following the sudden departure of Paul Tellier, chief executive.
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A Canadian court approved Air Canada's  AC.TO plan of arrangement with creditors on Monday, clearing  the way for the world's 11th largest airline to emerge from  bankruptcy protection at the end of next month.