>Defaulted in the payment for its 1% Guaranteed Convertible Bonds due 2010<
http://www.transmile.com/index.asp?id=66&im=news_d
"At the same time, TGB is pursuing the disposal of its 4 MD-11 aircraft to raise cash for the repayment of its outstanding borrowings which were raised to purchase the said aircraft."
I wonder what happened to all the MD-11 crew ... and the B727???
