Skybus seeks two-month exclusivity extension

By Caroline Salls

Pittsburgh, Oct. 31 - Skybus Airlines, Inc. is seeking an extension to its exclusive periods to file a plan of liquidation and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company wants to extend its exclusive plan-filing period to Jan. 5 from Nov. 3 and the solicitation period to March 5 from Dec. 30.

Skybus said the extension would give it the opportunity to continue to negotiate with creditors and other parties in interest on the terms of a consensual plan of liquidation.

The company said it has several unresolved contingencies that are essential to the formulation of a plan, including continuing liquidation of assets and reviewing and analyzing claims.

A hearing is scheduled for Dec. 11.

Skybus was a Columbus, Ohio-based airline. The company ceased operations and filed for bankruptcy on April 5, 2008. Its Chapter 11 case number is 08-10637.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.