Northwest’s Chapter 11 exit plan approved

NorthwestÆs Chapter 11 exit plan approved Northwest Airlines Corp. on Friday received final U.S. Bankruptcy Court approval of its reorganization plan allowing the carrier to exit Chapter 11 protection on May 31.
   'We are pleased to have completed our restructuring successfully. We are now focused on emerging from Chapter 11 as a strong, publicly traded company, which will provide excellent service to our global customer base,' said Doug Steenland, Northwest's president and chief executive officer, in a statement.