newstodate.aero
APR 15 ,2003 (newstodate): Atlas Air Group Holdings has reached an agreement with GECAS, a creditor and its largest lessor, to restructure their obligations in conjunction with the comprehensive restructuring program announced March 28, 2003, and commenced making payments to GECAS on a restructured basis.
In addition, Atlas Air Worldwide Holdings is currently also negotiating with several of its other creditors and lessors regarding similar restructuring agreements.
Atlas Air says it hopes to reach agreement with, and resume making payments on a restructured basis, to these creditors and lessors by the end of April, or as soon as possible thereafter.
-The company is optimistic that these restructuring discussions will be successful. However, there is no assurance that this will be the case, the company says in a statement today.
In addition, Atlas Air Worldwide Holdings is currently also negotiating with several of its other creditors and lessors regarding similar restructuring agreements.
Atlas Air says it hopes to reach agreement with, and resume making payments on a restructured basis, to these creditors and lessors by the end of April, or as soon as possible thereafter.
-The company is optimistic that these restructuring discussions will be successful. However, there is no assurance that this will be the case, the company says in a statement today.