Has The Judge Approved The Por And The Merger Yet?
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longing4piedmont
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US Airways, America West await judge's decisionetops1 said:
Judge Stephen Mitchell could approve the reorganization and merger later Thursday or on Friday, Sept. 16.
Upon such confirmation, the merger would close following a 10-day grace period, which would come by the end of September.
drifterreno
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Someone run from the court and let us know asap. Waiting in Reno for results.
Judge to rule Friday on US Airways
Stan Choe, Tony Mecia
The Charlotte Observer
ALEXANDRIA, Va. -- US Airways' bankruptcy-court judge said Thursday afternoon he will rule Friday at 10 a.m. on the airline's request to exit bankruptcy.
The judge's approval is the final hurdle for the company to leave bankruptcy protection.
If the judge approves the airline's reorganization plan, the airline could merge with America West Airlines as soon as Sept. 27.
Most of the day in court was spent arguing over US Airways' proposal to offer $12 million in severance to 23 top executives. Labor unions said executives should not get the money, while the company said it is needed to encourage them to help with the merger transition. US Airways is Charlotte's largest hub. About 5,300 of its 22,000 employees are based in the city.
http://www.charlotte.com/mld/charlotte/liv...el/12654300.htm
Stan Choe, Tony Mecia
The Charlotte Observer
ALEXANDRIA, Va. -- US Airways' bankruptcy-court judge said Thursday afternoon he will rule Friday at 10 a.m. on the airline's request to exit bankruptcy.
The judge's approval is the final hurdle for the company to leave bankruptcy protection.
If the judge approves the airline's reorganization plan, the airline could merge with America West Airlines as soon as Sept. 27.
Most of the day in court was spent arguing over US Airways' proposal to offer $12 million in severance to 23 top executives. Labor unions said executives should not get the money, while the company said it is needed to encourage them to help with the merger transition. US Airways is Charlotte's largest hub. About 5,300 of its 22,000 employees are based in the city.
http://www.charlotte.com/mld/charlotte/liv...el/12654300.htm
I just looked this up on AWACompass at 1759mst
HP NEWS FLASH
September 15, 2005
Bankruptcy Court to Go a Second Day
US Airways’ Bankruptcy Court hearing will continue into a second day, meaning the judge has yet to rule on the airline’s Plan of Reorganization (POR). Court began today and will reconvene in the morning.
If the judge approves the POR, his ruling will be followed by a mandatory 10-day period in which objections can be filed. Following that window, the merger is considered final. We’ll keep employees informed of the judge’s decision as it is made public.
Look for more merger news and updates here on Compass or in the latest edition of Plane Deal, the weekly merger newsletter.
HP NEWS FLASH
September 15, 2005
Bankruptcy Court to Go a Second Day
US Airways’ Bankruptcy Court hearing will continue into a second day, meaning the judge has yet to rule on the airline’s Plan of Reorganization (POR). Court began today and will reconvene in the morning.
If the judge approves the POR, his ruling will be followed by a mandatory 10-day period in which objections can be filed. Following that window, the merger is considered final. We’ll keep employees informed of the judge’s decision as it is made public.
Look for more merger news and updates here on Compass or in the latest edition of Plane Deal, the weekly merger newsletter.
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