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Old 22nd Dec 2001, 05:33
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bpp1
 
Join Date: Nov 2001
Location: USA
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Kitty Hawk has been profitable the last two quarters and the various cost cutting measures are definitely helping out. More money has been paid out to the creditors and bond holders. As for the bankruptcy, the word is all parties have accepted KHA's going forward plan on the 19th. The Post Office paid it's debt for canceling the W-Net, around $30 mil. Capital Cargo Int'l will be taking over the six KHA operated aircraft effective January 1. KHA has known this for some time and still was able to put forward a plan acceptable to all. I wish them luck as I do have friends and family there.
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