-Southern Air exits US Chapter 11 protection.
Kentucky, USA-based freight carrier Southern Air Holdings Inc said that it has emerged from US Chapter 11 bankruptcy protection having completed a financial restructuring.
Southern Air entered Chapter 11 on September 28, 2012, and emerged from the process on April 15, 2013, after meeting all closing conditions to the company's plan of reorganization.
The plan was confirmed by the U.S. Bankruptcy Court in Wilmington, Delaware on March 14, 2013.
Southern Air operates four Boeing (NYSE: BA) 777 Freighter aircraft on an around-the-world basis for global express delivery provider DHL.
The carrier also operates 747-400F aircraft, and is a provider of intercontinental widebody ACMI/CMI services.
Find out more at www.southernair.com.
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|Publication:||Airline Industry Information|
|Date:||Apr 18, 2013|
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