Air Transport World

Northwest Airlines.(plans to energe from bankruptcy)(Brief article)

Northwest Airlines plans to emerge from bankruptcy by the end of the second quarter with an anticipated equity value of $6.5-$7.7 billion, according to its disclosure statement filed with the US Bankruptcy Court. NWA said the aggregate amount of general unsecured claims against it is estimated to be $8.75-$9.5 billion, of which 66%-83% will be repaid via new common stock. It also plans to sell an additional $750 million in stock, in part via a rights offering to unsecured creditors. …

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