C
chipmunn
Guest
Reports indicate US Airways will release its third quarter earnings (loss) report today and the next bankruptcy court omnibus hearing is scheduled for November 7.
Major hearing agenda items are:
1. The court will consider adequate protections for the parties with an interest in aircraft EETCs covered under Section 1110 of the bankruptcy code.
2. Provide finanal approval of the RSA debtor-in-possession (DIP) financing plan and release of the remaining $200 million in DIP funds to US Airways.
3. The judge will address any requests for relief that have been filed since the previous hearing held on September 26.
4. Reports indicate last week parties interested in outbidding RSA as the Equity Plan Sponsor reviewed confidential corporate material at CCY. It's unclear if any party has expressed an interest to provide a bid that is equal or greater than RSA's offer; however, any bidder has until November 14 to submit a proposal to the bankruptcy court.
5. It is expected there will be major news on or about November 6 or 7 regarding US Airways formal reogranization.
Chip
Major hearing agenda items are:
1. The court will consider adequate protections for the parties with an interest in aircraft EETCs covered under Section 1110 of the bankruptcy code.
2. Provide finanal approval of the RSA debtor-in-possession (DIP) financing plan and release of the remaining $200 million in DIP funds to US Airways.
3. The judge will address any requests for relief that have been filed since the previous hearing held on September 26.
4. Reports indicate last week parties interested in outbidding RSA as the Equity Plan Sponsor reviewed confidential corporate material at CCY. It's unclear if any party has expressed an interest to provide a bid that is equal or greater than RSA's offer; however, any bidder has until November 14 to submit a proposal to the bankruptcy court.
5. It is expected there will be major news on or about November 6 or 7 regarding US Airways formal reogranization.
Chip