Aeromexico Obtains Court Approval on Aircraft Fleet Transactions prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Valaris Chief Executive Officer and President, Tom Burke, outlined in the company s first quarter results statement that the business looks forward to soon emerging from Chapter 11.
Valaris’ Chief Executive Officer and President, Tom Burke, outlined in the company’s first quarter results statement that the business looks forward to “soon emerging” from Chapter 11.
“We are beginning to see early signs of a recovery in customer demand following the downturn caused by the Covid-19 pandemic, for which we have been reactivating rigs, including most recently one of our high-specification heavy duty harsh environment jackup rigs in advance of a long-term contract commencing later this year,” Burke said in a company statement.
Garrett Motion Inc.: Garrett Motion Reports First Quarter 2021 Financial Results
First Quarter 2021 Highlights
Net sales totaled $997 million, an increase of 33.8% on a reported basis and 25.6% at constant currency
Net loss totaled $105 million; Adjusted net income was $96 million
Adjusted EBITDA increased to $176 million; Adjusted EBITDA margin improved 320 basis points to 17.7%
Net cash provided by operating activities totaled $32 million
Adjusted free cash flow totaled $162 million; Adjusted free cash flow conversion rate was 169%
Garrett Motion Inc., a leading differentiated technology provider for the automotive industry, today announced its financial results for the first quarter ended March 31, 2021.
$ millions (unless otherwise noted)
55
32 See reconciliations to the nearest GAAP measure in pages 4-11.
Matthew McConaughey asks if you d like to go to the cinema (it would be a lot cooler if you did .)
The Oscars may have gone out with a fizzle, but they started with a very Austin bang starring both Matthew McConaughey and the Alamo Drafthouse South Lamar. The pre-awards section of the evening featured a video celebrating the film industry s #TheBigScreenIsBack campaign encouraging audiences to head back to theatres as they reopen and build back to full post-pandemic hours over the summer. Featured front and center were the putative future candidate for governor of Texas and the Drafthouse s mother ship location itself.
Thursday, April 29, 2021
On April 19, 2021, the United States Bankruptcy Court for the Eastern District of Virginia granted a motion (the “Seal Motion”) filed by the Intelsat S.A. debtors (the “Debtors”) to seal the hearing on the Debtors’ motion to extend exclusivity and motion to compel plan mediation. Although bankruptcy courts routinely grant motions to seal content included in pleadings, it is uncommon for a court to prevent certain parties, or the general public, from attending a hearing. This article reviews the Debtors’ unusual request.
The Facts
Confidentiality has been of the utmost importance to the Debtors since their chapter 11 bankruptcy cases were filed on May 13, 2020. In order to ensure that confidential information would not be jeopardized during plan negotiations and related discovery, the Debtors and key constituents entered into a confidentiality agreement in September 2020. Subsequently, in December 2020 the Debtors negotiated