AIRLINES
- Share via
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.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
