Comair Emerges From Ch. 11 With Unclear Future

Law360, New York (May 1, 2007, 12:00 AM EDT) -- Delta Airlines subsidiary Comair Inc. was along for the ride as Delta flew out of bankruptcy protection on Monday, but the fate of the Kentucky-based airline is still uncertain.

Delta has said it will look to shed the regional airline, although the timing of such a move is unclear.

Both Comair and its parent Delta left Chapter 11 protection after a 19-month stay. Comair workers had agreed to millions in pay cuts as part of Comair’s reorganization.

Comair had spent much of its time in bankruptcy...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.