BLOOMBERG reports:
– Company has deal for over $77 million of bankruptcy financing
– Restructuring plan will slash debt load by $450 million
Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.
The airline listed assets of as much as $500 million and debt of as much as $1 billion in a Chapter 11 petition filed in Delaware. The filing allows Western Global …
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