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One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] RadioShack [2] Red Lobster [4] RJR Nabisco [7 ...
NEW YORK (AP) — Spirit Airlines, the largest budget carrier in the U.S., filed for Chapter 11 bankruptcy protection Monday. The airline said customers should not see any disruption to their ...
Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. Other discount airlines ...
2009. Eclipse Aviation, the Albuquerque, New Mexico-based manufacturer of the Eclipse 500 very light jet and the company that was developing the Eclipse 400 single-engine jet, was founded in 1998 by former tech industry executive Vern Raburn and entered bankruptcy on 25 November 2008.
SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy Sasha Rogelberg December 18, 2024 at 1:49 PM
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