Entries tagged "Frontier Airlines"
Although Frontier is bankrupt, it's seen five straight months of bluer skies as it records operating profits.
Republic Airways Holdings Inc. is not a household name in the airline business. But the company, which operates regional jets under the brands of larger partners, is turning some heads in the industry thanks to a pair of recent deals where the airline used its relatively healthy balance sheet to protect its interests in hopes of better surviving the current downturn....
It seems we've hit the latest wave of airline bankruptcies, driven by sky-high oil prices and an economic downturn. April was particularly dark and May was cloudy, but June will see at least one sunny day. U.K. all-business-class carrier Silverjet plc, which was grounded at the end of May and filed for administration after backer Viceroy Holdings failed to extend a $5 million loan, has, it seems, been rescued. Swiss investment company Heritage Cie. SA agreed June 11 to buy it out of bankruptcy for undisclosed terms. ...
Here are some of the latest bankruptcy stories our reporters have been covering Wednesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. Judge clears Frontier severance dealA severance deal for managers of Denver-based Frontier Airlines Holding Inc. has been approved after quelling objections from the U.S. trustee that the agreement violated the bankruptcy code. - Carolyn Okomo W.R. Grace settles asbestos claim A $250 million settlement has been approved between W.R. Grace & Co. and the U.S. Department of Justice and the U.S. Environmental Protection Agency.The Columbia, Md.-based chemicals manufacturer has...
Stay tuned to TheDeal.com for updates to these stories and more.Apax Partners-TriZetto Group Inc.A rare take-private led Friday's deals as healthcare management company TriZetto Group Inc. agreed to be acquired by private equity firm Apax Partners for about $1.4 billion in cash. ...
