Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Varig SA (Viacao Aerea Rio-Grandense) > News item |
Varig preliminary injunction extended to March 21
By Caroline Salls
Pittsburgh, Jan. 30 - Varig, SA's preliminary injunction in its Section 304 bankruptcy case was extended to March 21 from Jan. 13, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.
On Jan. 6, the preliminary injunction was extended to Jan. 13 and the company was ordered to pay overdue post-bankruptcy aircraft rental and maintenance fees to its aircraft lessors.
The injunction prohibits a lawsuit, action, enforcement process or proceeding, or claim or demand of reclamation for any leased aircraft and keeps creditors, employees and utility providers from terminating contracts for goods and services that would "threaten the contemplated restructuring."
A hearing on a further extension of the injunction is scheduled for March 17.
Varig, a Rio de Janeiro, Brazil-based air carrier, filed for Section 304 bankruptcy on June 20, 2005. Its case number is 05-14400.
© 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.