http://news.ft.com/cms/s/55182656-1c6f-11d...000e2511c8.html
However, they have to meet new conditions. The airline has $745m in unrestricted cash, which must not fall below $754m at October 22, $648m at the end of December and $550m by January 14.
A report justifying the extension said lack of access to the cash "would immediately and irreparably harm the debtors, their estates and their creditors".
The airline is also prohibited from using the cash to buy aircraft, cannot spend more than $25m on capital expenditure by the end of the year, must use any net cash from asset sales to pay down the ATSB loan and must also hit certain rolling earnings targets.
However, they have to meet new conditions. The airline has $745m in unrestricted cash, which must not fall below $754m at October 22, $648m at the end of December and $550m by January 14.
A report justifying the extension said lack of access to the cash "would immediately and irreparably harm the debtors, their estates and their creditors".
The airline is also prohibited from using the cash to buy aircraft, cannot spend more than $25m on capital expenditure by the end of the year, must use any net cash from asset sales to pay down the ATSB loan and must also hit certain rolling earnings targets.
