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Northwest Gets More Time To File Ch. 11 Plan

Law360 (March 16, 2007, 12:00 AM EDT) -- Despite objections from its shareholders, Northwest Airlines Corp. was given permission Thursday to retain exclusive control over its reorganization process until June 30.

Manhattan bankruptcy judge Allan Gropper ruled Thursday that Northwest Airlines deserved its third extension of exclusivity over its Chapter 11 plan.

On Tuesday, a group of Northwest Airlines shareholders had challenged the carrier’s motion for more time, arguing that the debtors have had “far too long” as is, and had made little progress since first filing for bankruptcy.

“They have enjoyed exclusivity for...
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