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Atlas Air files for Chapter 11 protection=20
=09
=09
Reuters <http://money.excite.com/img/logo_reuters.gif> =09
Friday January 30, 7:10 PM EST=20
NEW YORK, Jan 30 (Reuters) - Atlas Air Worldwide Holdings Inc. (AAWH
<http://money.excite.com/jsp/qt/full.jsp?time=3D0&symbol_search_text=3DAA=
WH>
) filed for Chapter 11 bankruptcy protection and received commitments
for $50 million worth of loans, the cargo carrier said on Friday.
The Purchase, New York-based company, which filed for bankruptcy in
Florida, said it would continue operations while it develops a plan of
reorganization. It received debtor-in-possession and exit financing from
CIT Group Inc. (CIT
<http://money.excite.com/jsp/qt/full.jsp?time=3D0&symbol_search_text=3DCI=
T>
) and Ableco Finance LLC, an affiliate of Cerberus Capital Management
L.P.=20
=A92003 Reuters Limited.=20
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