Air America restructures under new banner

Chicagotribune ^ | 06/19/04 | John Cook

[oblomov]

Yep, they must not have gotten all of the tumor.

[Eric in the Ozarks]

Another word for bankruptcy ?

[Steven W.]

Is this just a nice way of saying they are going to declare bankruptcy?

exactly my sentiment in reading the first paragraph - you can't restructure without first declaring bankruptcy.

[Mr. Lucky]

Another word for bankruptcy ?

Another word for fraudulent transfer.

[IncPen]

... post 14 ...

[Pietro]

Isn't Piquant the doomed ship from Moby Dick?

[beckett]

The issue was blogged by a law professor earlier today. It seems some question of fraud may be involved.

Professor Bainbridge on Air America

[Pietro]

My fault, the ship in Moby Dick is the Pequod

nevermind

[IGOTMINE]

A new banner? Hmmmm. I think that the Hammer and Sickle became available in 1989.

Thanks, President Reagan.

[reagan_fanatic]

The investors, including Highland Park couple Sheldon and Anita Drobny and Air America Chief Executive Doug Kreeger

Suckers.

Wouldn't it be easier to just open your window and throw your cash out? Obviously these dunderheads are too stupid to realize that liberal talk radio won't work, no matter how much money you throw at it.

[dread78645]

Sounds like they're being revamped as a porn company...

Probably the only way they could make a buck.

[PackerBoy]

It has to be an arms-length, commercially reasonable transaction, or it may be voided in bankruptcy.

[craig_eddy]

No doubt. We paid the outstanding debt from the proceeds of the sale and closed the old company. But the buyer was very careful not to assume the old debt or have any affiliation with the old company.

[Casloy]

How about their good name, isn't that worth something? HA