March 14, 2013
Southern Air Holdings Inc. on Thursday won a Delaware bankruptcy judge's blessing for its reorganization plan, which hands control of the cargo carrier to secured lenders owed $258 million.
March 06, 2013
The U.S. government on Wednesday asked a Delaware bankruptcy judge to reject Southern Air Holdings Inc.'s reorganization plan unless the cargo carrier alters the plan so it won't prejudice claims from various government agencies.
December 18, 2012
A Delaware bankruptcy judge on Tuesday approved the Chapter 11 disclosure statement of Southern Air Holdings Inc. after the cargo carrier smoothed out issues with objecting parties who claimed that the document revealed too little about the company's proposed reorganization.
December 12, 2012
Unsecured creditors on Tuesday demanded more disclosure on bankrupt Southern Air Inc.'s reorganization plan, questioning whether it favors the cargo carrier's private equity owner, Oak Hill Capital Partners, at the expense of creditors.
November 27, 2012
The federal government and the U.S. trustee took issue with Southern Air Holdings Inc.'s proposed Chapter 11 disclosure statement Tuesday, saying it fails to provide adequate information on the airline's reorganization plan, which appears to force creditors into granting "voluntary" releases.