Originally Posted by
irishguy28
I think it response to, as the article states, JFK's notice of eviction as of yesterday:
However, as the current order can only last until 26 June at the latest, one wonders if the issue will arise again, or if they can/must keep applying for this bankruptcy protection. Things must be really bad, though, if they cannot pay JFK airport, whose routes account for 15% of all AZ revenues according to that article.
This is a temporary restraining order until the filing is heard on June 26 and a decision is reached by the bankruptcy judge. If granted, the protection will last some time.
I am no expert of US law, but I guess that the order only applies to past creditors. AZ will still have to pay for ongoing operations.