Delta To Land Pinnacle Airlines After Ch. 11 Plan Approval

Law360, New York (April 17, 2013, 12:13 PM EDT) -- Delta Air Lines Inc.'s purchase of Pinnacle Airlines Corp. will proceed after the regional carrier on Wednesday earned a New York bankruptcy judge’s approval of its Chapter 11 reorganization plan.

U.S. Bankruptcy Judge Robert E. Gerber gave Pinnacle the go-ahead at a hearing where the airline’s attorneys presented a plan to overhaul the company’s structure and operations with all objections resolved and the support of its creditors.

“My congratulations to you all,” Judge Gerber said at the end of the hearing.

The plan confirmation came 12...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.