Jake Brace
Jake Brace
bankruptcy compete forward month next plan ready strongest week
We look forward to confirming the (reorganization) plan next week and exiting bankruptcy next month ready to compete with the strongest carriers.
exit facility response validation
Response to syndication of our exit facility is yet another validation of the substantial and sustainable improvements made during our restructuring.
advantage bankruptcy case costs early fix full gives opportunity save took view
We took the view early in the case that we were going to take full advantage of every opportunity that bankruptcy gives us to fix our situation, and we have done just that. We also took advantage of all of the opportunities to save costs that aren't necessary, enabled by the bankruptcy process.
agreement committee enormous goal prior reach
Being able to reach a global, consensual agreement with the creditor's committee prior to confirmation is the goal in any restructuring and is an enormous accomplishment.
estimate external less
That's considerably less than some external estimate I've seen.
agreement employee issues pension pleased reached resolved retirement
Once this agreement is ratified, we will now have resolved pension and retirement issues with all of our employee groups. We're pleased to have reached this agreement.
clearly goal
The goal is clearly to get something done overnight,
across bring choice company corporate estate expertise facilities improve improvement involved natural number operations process profile projects resources slate
Ajay has been involved for a number of years in projects to improve our utilization of resources across the company, which made him a natural choice for the corporate real estate position. He will bring his expertise in technology, operations and process improvement to a whole slate of high- profile projects to improve and consolidate our facilities around the world.