Western Global Airlines, Inc.
Case Number:
1:23-bk-11093
Court:
Nature of Suit:
Firms
- Dorsey & Whitney
- Landis Rath
- Law Office of Susan E. Kaufman
- Paul Weiss
- Richards Layton
- Stevens & Lee
- Troutman Pepper
- Weil Gotshal
- Young Conaway
Companies
Sectors & Industries:
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November 21, 2023
Western Global Airlines' Ch. 11 Plan OK'd After ESOP Deal
A Delaware bankruptcy judge on Tuesday approved Western Global Airlines' Chapter 11 plan after hearing that it had resolved questions over the future of its employee stock ownership plan with an agreement to wind it down.
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November 14, 2023
Western Global's Ch. 11 Plan Flouts ERISA, Trustee Says
Bankrupt cargo airline Western Global's Chapter 11 proposal doesn't properly address what will happen to its employee stock ownership plan, the ESOP's trustee has told a Delaware bankruptcy court, urging it to reject the current plan that he argues could break ERISA regulations.
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November 07, 2023
Western Global Airlines Creditors Settle Stock Deal Claims
Western Global Airlines and the unsecured creditors in its Chapter 11 case have told a Delaware bankruptcy judge that they have reached a deal to resolve claims the airline overpaid its founders in a 2020 stock purchase.
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October 10, 2023
Western Global Seeks Ch. 11 Discovery Over $510M Stock Buy
Western Global Airlines asked a Delaware bankruptcy judge to compel Marcum LLP and Prudent Fiduciary Services to turn over information about their roles as financial adviser and plan trustee to an employee stock ownership program that bought $510 million in Western Global shares in 2020 with financing from the debtor.
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October 04, 2023
Western Global Airlines Gets Ch. 11 Disclosure Approved
Western Global Airlines has taken off toward a Nov. 13 plan confirmation hearing following court approval of the air cargo company's amended disclosure statement and the release of an amended proposed Chapter 11 plan Tuesday.
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August 08, 2023
Bankrupt Western Global Airlines Gets Court OK To Use $35M
Western Global Airlines Inc. won a court's approval Tuesday to tap $35 million of a $75 million bankruptcy loan after no one objected to the relief that the air cargo company sought at its first day hearing with a bankruptcy court in Delaware.