Chapter 11 Filing Possible, Flyi Says
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The parent of Dulles-based low-cost carrier Independence Air warned for the first time Tuesday that it will be "forced to consider" a Chapter 11 filing for protection from its creditors if it cannot renegotiate aircraft lease payments of $83 million that it owes in January.
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Former high-flying label TVT  Records, home to such hip-hop artists as Lil Jon, Pitbull and  Ying Yang Twins, will file for Chapter 11 bankruptcy this week,  the company's founder said Tuesday.
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Airline warns it may file for bankruptcy if too many senior pilots take early retirement option. Delta Air LInes&#39; CEO says it faces bankruptcy if it can&#39;t slow the pace of pilots taking early retirement.
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Despite its parent company's fight to stay out of the airline industry's Chapter 11 bankruptcy club, the carrier plans to roll out nonstop service from Dulles airport to five West Coast cities.
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US Airways is at risk of filing Chapter 11 bankruptcy, which has frequent fliers thinking about cashing in miles, Boston.com reports.
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Key to bankruptcy filing is ATAâs plan to sell most of its Chicago Midway operations to AirTran. By Linda Lipp. After months of speculation, ATA Holdings, parent of ATA Airlines, filed for Chapter 11 bankruptcy protection Tuesday.
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ATLANTA -- Delta Air Lines Inc. is considering exchanging some of its debt, possibly for equity in the company, as part of a larger effort to avoid bankruptcy.
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Delta Air Lines Inc. Chief Executive Gerald Grinstein yesterday said that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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ATA Holdings Corp. ATAH.O, parent of  struggling low-cost carrier ATA Airlines, on Tuesday filed for  Chapter 11 bankruptcy protection as falling fares and soaring  fuel prices drained it of cash.
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Delta Air Lines Chief Executive Gerald Grinstein said Thursday that even if the carrier&#39;s pilots approve a $1 billion cost-cutting agreement, the airline may still have to seek Chapter 11 bankruptcy protection.
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Union leaders representing mechanics at Flyi Inc.'s Independence Air said Monday that contract negotiations have bogged down, and they raised the prospect of a strike at the 3 1/2-month-old airline.
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Donald Trump&#39;s Trump Hotels &amp; Casino Resorts Inc. said it will seek Chapter 11 bankruptcy protection as part of an agreement with bondholders to reduce debt by $400 million.
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The reorganization plan filed by WR Grace &amp; Co. in its Chapter 11 bankruptcy case includes a proposal to establish a trust to handle a variety of asbestos claims against the chemical manufacturer.
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Huffy Corp. (HUFC.PK: Quote, Profile, Research) said on Wednesday it has filed for Chapter 11 bankruptcy as the bicycle and sporting goods company struggles with mounting losses and a heavy debt load.
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Chicago and its business community may take a harder hit from Tuesdayâs bankruptcy filing by ATA Holdings Corp. than the troubled airlineâs hometown of Indianapolis, a court document shows.
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Consumer electronics stalwart Tweeter files for Chapter 11.