Phoenix serves as financial advisor to an international freight airline and establishes a financial model to confirm its plan of reorganization.
Phoenix’s client was an international freight airline based in Miami, FL.
The Company filed bankruptcy for the second time in several years. The Company’s liquidity position required that it emerge from bankruptcy in less than 90 days.
Phoenix Management Services was engaged as the Company’s financial advisor. Phoenix assisted the Company with establishing a business model and negotiate with constituents to allow it to confirm its plan of reorganization in less than 90 days from the filing of its bankruptcy petition.
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