Southern Air's plan of reorganisation confirmed by Bankruptcy Court

© Khunaspix Dreamstime.

Southern Air Holdings, Inc. announced that it has received confirmation of its “pre-arranged” Plan of Reorganisation from the U.S. Bankruptcy Court in Wilmington, Delaware, which has been overseeing the Company’s Chapter 11 proceedings following its voluntary filing on September 28, 2012. The Plan received substantial support from ...