BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
- Banned
- #1
The company filed a "Motion to Authorize Entry into 1110 Agreements and Stipulations Extending Time to Comply with Section 1110 of the Bankruptcy Code" (Docket #535). In the motion, this is what the company said:
"20. To date, the Debtors have been unable to conclude any consensual agreements with Aircraft Creditors because they have been fully engaged in addressing other issues critical to their reorganization efforts, including analyzing their fleet requirements and the many Aircraft Agreements. Until the Debtors’ analysis of their fleet requirements, and each of the Aircraft Agreements, has been completed, the Debtors simply will not know which Aircraft Equipment they will seek to retain and which Aircraft Equipment is covered by section 1110 of the Bankruptcy Code."
Jim
"20. To date, the Debtors have been unable to conclude any consensual agreements with Aircraft Creditors because they have been fully engaged in addressing other issues critical to their reorganization efforts, including analyzing their fleet requirements and the many Aircraft Agreements. Until the Debtors’ analysis of their fleet requirements, and each of the Aircraft Agreements, has been completed, the Debtors simply will not know which Aircraft Equipment they will seek to retain and which Aircraft Equipment is covered by section 1110 of the Bankruptcy Code."
Jim