Tag Archives: bankruptcy

American’s bankruptcy won’t disrupt Knoxville flights — for now

American Airlines service to Knoxville will continue as scheduled even though the company has Airfare Hike.JPGfiled bankruptcy, a spokeswoman for the Metropolitan Knoxville Airport Authority said Tuesday.

“We anticipate flights will continue as normal and if people have tickets they will be honored,” Airport Authority spokeswoman Becky Huckabee said.

American Eagle, a subsidiary of the Forth Worth-based airline, operates 10 flights per day out of McGhee Tyson.

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IdleAire comeback making progress

Apparently there is hope after bankruptcy for Knoxville-based IdleAire.

The provider of truck stop electrification services for long-haul truck drivers is making progress in its comeback, according to a story posted today on etrucker.com, a website that follows the trucking industry.

GREENING+TRUCK+STOPS(2).jpgCiting officials with IdleAire’s parent company, Convoy Solutions, etrucker.com reports: ” … they are attempting to reopen as many original sites as possible and are researching opening new locations. They do not expect to open all sites that were previously operated.”

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WATE owner emerges from bankruptcy

Young Broadcasting, owner of 10 television stations, including WATE in Knoxville and WKRN in Nashville, has shed $800 million in debt and is coming out of bankruptcy with new owners.

” …New Young Broadcasting is emerging from bankruptcy as the most financially sound company in television broadcasting,” according to an extremely short, but positive press release.

Dumping $800M in debt will make you positive.

The announcement doesn’t say when the company will actually exit bankrtupcy.

Here’s a look at other reports on the company and its press release.

The Business Review (Albany, N.Y.)

Broadcasting & Cable

Young Broadcasting announcement