Northwest Airlines plans to emerge from bankruptcy by the end of the second quarter with an anticipated equity value of $6.5-$7.7 billion, according to its disclosure statement filed yesterday with a US Bankruptcy Court. NWA said the aggregate amount of general unsecured claims against it is estimated to be $8.75-$9.5 billion, of which 66%-83% will be repaid via new common stock. It also plans to sell an additional $750 million in stock, with a "substantial portion" raised through a rights ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.