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SOUTHERN AIR RESTRUCTURING INFORMATION

SOUTHERN AIR RESTRUCTURING INFORMATION

On April 15, 2013, Southern Air completed its financial restructuring and emerged from its Chapter 11 reorganization, approximately six and half months after its voluntary “pre-arranged” filing on September 28, 2012.

Under the plan, Southern Air has substantially less debt, significantly improved operations and resources, and financial flexibility as a well-capitalized global air cargo carrier. Today, we are well-positioned both financially and operationally to continue to build Southern Air for the long-term benefit of our customers, suppliers, business partners, crewmembers and employees. We have transitioned to a modern, fuel-efficient fleet of 777s and 747-400s serving global customers. Our operations and corporate activities are now at the Cincinnati/Northern Kentucky International Airport, our largest air operating hub, where we are even better able to grow profitably, delivering the highest quality services to our customers and meeting and exceeding their air cargo needs.


Press Release: Southern Air Completes Financial Restructuring and Emerges From Chapter 11

Claims Information and Court Filings: www.kccllc.net/southernair
 

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