AIRLINES
From Times Staff and Wire Reports
Court Approves Continental’s Disclosure Statement: U.S. Bankruptcy Judge Helen Balick in Wilmington, Del., approved a disclosure statement for Continental Airlines, freeing the company’s reorganization plan for a vote by creditors. Balick also set a Feb. 23 confirmation hearing for the Houston-based company’s reorganization. Continental filed for Chapter 11 bankruptcy in December, 1990. Air Canada and Ft. Worth-based Air Partners, led by Texas businessmen James Coulter and David Bonderman, have proposed a $450-million buyout of Continental. The Department of Transportation approved the investment Thursday.
