Cargo Airline Western Global Weighs Bankruptcy as Cash Dwindles
- Creditors had begun confidential talks with company last month
- Truist seeks to sell loan, accepts bid of 40 cents on dollar
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Western Global Airlines LLC is weighing options including filing for bankruptcy as it faces dwindling liquidity, according to people with knowledge of the matter.
The cargo airline began confidential talks with some of its creditors related to its financing needs last month, Bloomberg previously reported. A final decision hasn’t been made, and the situation could change. A representative for Estero, Florida-based Western Global declined to comment.