ADVISORY/Bankruptcy Specialist Available for Comment on UAL Chapter 11 Filing.Business Editors ADVISORY... --(BUSINESS WIRE) WHO: Jonathan Rosenthal, partner at Saybrook Capital, is a specialist in corporate bankruptcies and restructurings. He has over 20 years experience representing bondholders and shareholders in Chapter 11 proceedings. WHAT: Chicago-based UAL Corp. (NYSE: UAL), parent of United Airlines, filed the largest-ever bankruptcy in the aviation sector. To date, six of the 10 largest bankruptcies in U.S. history occurred in 2002, including Worldcom, Global Crossing, Adelphia, Kmart and NTL, Inc. "Safe, efficient and dependable air transportation is critical to the well being of the U.S. economy," said Rosenthal. "Creditors will, no doubt, be sensitive to the effect a protracted bankruptcy would have on the country." ABOUT: Rosenthal is the former Chairman and CEO of NetAir International Corporation, a publicly held aviation and aerospace conglomerate and the largest non-scheduled certified carrier in the U.S. Santa Monica-based Saybrook Saybrook may refer to:
LLC - Logical Link Control is an investment bank specializing in fund management, corporate restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). , real estate and tax-exempt tax-ex·empt adj. 1. Not subject to taxation, as the capital or income of a philanthropic organization. 2. Producing interest that is exempt from income tax: tax-exempt bonds. n. finance. For additional information, please visit www.saybrook.net. |
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