We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

FLYi, MTTC Settle For $108M In Claims

Law360 (January 18, 2008, 12:00 AM EST) -- FLYi Inc.'s distribution trust has asked the bankruptcy court overseeing the air carrier's Chapter 11 case to approve a settlement that would grant the Manufacturers Trading and Trust Co. two allowed $54 million general unsecured claims.

The FLYi and Independence Air Distribution Trust filed a motion for an order approving the settlement agreement between it and MTTC, the debtors' indenture trustee, on Thursday in the U.S. Bankruptcy Court for the District of Delaware.

According to the motion, objections to it are due on Jan. 29, with...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.