AirTran says rival won't let it get off the ground

Article Abstract:

AirTran Airlines, formerly ValuJet, faces cost difficulties and stiff, some say unfair, competition from Delta Air Lines. For every move it makes to offer a service in an attempt to sell seats, the airline is thwarted by a Delta move. Admittedly, it is hard to find a smoking gun in the hands of Delta and its allegedly predatory pricing. Complaints by AirTran to the DOT are too general in nature for the agency to do anything. The DOT has submitted a draft of new rules to Congress that might or might not help the situation.

Strategy & planning, Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Planning, Airlines, Abstract, Market share, Air travel, AirTran Airlines Inc.

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Sunbeam gets six-month waiver on covenants but a higher rate

Article Abstract:

Morgan Stanley Dean Witter & Co., BankAmerica Corp., and First Union Corp. agreed to give Sunbeam Corp. a six-month waiver on convenants that the small appliance manufacturer accepted when it borrowed $1.7 billion from the three firms. Sunbeam Corp.'s creditors granted the firm additional time in which to prevent losses. However, the lenders also imposed a higher interest rate for the loans.

Comment:

Granted a six-month waiver on convenants that it accepted when it borrowed $1.7 billion from creditors

Financial management, Company Planning/Goals, Electric Housewares and Household Fan Manufacturing, Electric Housewares & Fans, American Household Inc., Small appliances, Article

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