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PET recycler CarbonLite files for bankruptcy


PET recycler CarbonLite files for bankruptcy
CarbonLite Holdings LLC
CarbonLite says travel restrictions related to COVID-19 slowed the opening of a Pennsylvania facillity, adding to the business conditions that prompted the company to enter bankruptcy.
PET bottle recycler CarbonLite Holdings LLC announced March 8 that it has filed for Chapter 11 bankruptcy, citing economic fallout from the COVID-19 pandemic.
The Los Angeles-based company, which calls itself the world s largest producer of post-consumer PET resin, said in a statement the filing covers the company s three production plants in California, Texas and Pennsylvania, as well as its PinnPack Packaging subsidiary in California.
Pressures directly related to the coronavirus pandemic contributed to CarbonLite s decision to reorganize, the company said. This included temporary production slowdowns caused by employee illness, the low price of virgin plastic relative to rPET [recycled PET] and a nine-mon ....

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How Colorado Springs landed Southwest Airlines — timing, the pandemic and incentives


Like a spurned suitor, Colorado Springs officials tried in vain for more than 20 years to woo much-coveted Southwest Airlines and its discount airfares to the city.
But after years of rejection and disappointment, everything changed for Colorado Springs in just a matter of a few weeks. Now, Southwest is poised to launch service in March from the Colorado Springs Airport.
As unlikely as it might seem, air travelers looking forward to Southwest’s discount fares can thank the COVID-19 pandemic, in part, for opening the door to the carrier’s decision to consider Colorado Springs. Then, signs of growth around the Springs’ airport and an array of new city amenities and public improvements helped dazzle Southwest officials, who also were given a promise of $2.5 million in public and private incentives to help seal the deal. ....

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