Agreement offers flexibility and cash to bankrupt airline
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SAN FRANCISCO (CBS.MW) -- ATA Holdings, the bankrupt parent of ATA Airlines, took a key step Thursday toward salvaging more of its struggling operations.
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The pilots became the first labor group at the bankrupt airline to agree to a new round of wage and benefit cuts.
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Creditors approve plan, get 10 cents on the dollar and allow airline to emerge from bankruptcy. MONTREAL  - Air Canada creditors approved a recapitalization plan Tuesday that will allow the world&#39;s 11th largest airline to emerge from bankruptcy ...
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Bankrupt US Airways said it has an agreement with General Electric on aircraft leasing and financing that will help the airline lower costs and reduce debt as it tries avoid going out of business.
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Pact with union may allow the No. 3 airline to avoid a bankruptcy filing, newspaper says. NEW YORK (CNN/Money) - Delta Air Lines and its pilots union reached an agreement on concessions that could allow the
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United Airlines reached an agreement with creditors that, if approved, could eliminate $450 million of debt. The agreement concerns $600 million in municipal bond debt
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The airline is offering the buyouts in an effort to cut costs as the discount carrier heads into a period of expected slower growth.
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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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The agreement will reduce the company's $1.8 billion debt by $400 million as part of the filing for Chapter 11 bankruptcy.
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Federal bankruptcy judge will next consider the sale of all or part of the Indianapolis-based airline. By Ted Evanoff. A federal bankruptcy judge approved the $15.
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Troubled Delta Air Lines and its pilots late last night reached a tentative agreement that is expected to allow the company to significantly cut its operating costs and avoid bankruptcy, a union official announced.
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United Airlines, seeking cost cuts to help it get out of bankruptcy, has reached a tentative agreement with its pilots union, the first labor accord on additional concessions the carrier proposed last month.
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United Airlines, struggling to reorganize after two years in bankruptcy protection, reached a tentative agreement with its pilots&#39; union on additional wage and benefit concessions, the union said yesterday.
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Delta Air Lines Inc. has obtained up to $600 million in new financing and has agreed to conditions that require it to get court approval to repay the money even if it files for bankruptcy.
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Troubled US carrier Delta Air Lines has reached an outline cost cutting agreement with its pilots, a deal that could save it from bankruptcy.
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Creditors have approved plans by Air Canada to restructure its business, paving the way for the airline to come out of creditor protection.
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Bankrupt US Airways is one step closer to relieving financial problems and emerging from bankruptcy as a low-cost carrier. The airline and the Transport Workers Union Local 545, which