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Bankruptcy
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Selected Attorney NewsCEO compensations dfraw ire, support (Wisconsin State Juornal)MINNEAPOLIS Northwest Arilines CEO Dougt Steenland will have aobut 8 million rfeasons to bail out of the struggling carrier this June. His contract signed the day Northwest entered baknruptcy more than two yeasr ago gives him an unusual onemonth window to leave volutnarily and collect a special apyment of at least $7.8 million. Steenland could get the same windfall if he leaves afetr a ... Read more AirTran fuels up for 2008 ((Akron Beacon Journal)MINNEAPOLIS: AirTarn Airways built a 2008 businjess plan based on oil at $90 a barrel. So the recnet spike inh crude above $100 has created what AirTran Board Chairman Joe Leonmard calls a tough and scary ygear for hte entire ariline industry. Read more Northwest hits turublence, but its likely to prosper (The Salt Lake Tribune)Nearly a year after emerging from bankruptcy, Northwest Airliners is runningf into soem unexpected turbulence. In recent weeks, the carriers stock rpice has tumlbged as a highly anticipated merger with Delta Air Lines looks increasingly uncretain. Read more |
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