Releasemaster,

These are the interim compensation applications. They are nothing unusual. Under Bankruptcy Code professionals hired during the bankruptcy process have to apply to the court for compensation approval. There will be periodic applications throughout the bankruptcy. The applications are often submitted "nunc pro tunc" (retroactively) as to not divulge too much information, esp. during litigation.

What is most interesting about these applications is that they contain detailed time records that reveal the focus of the lawyers and give some insight into the behind-the-scenes activity. For example; as one can imagine, there has been a lot of activity concerning "analysis of historical and future payment rates on CRJ 7/9 aircraft" under "Code-Share Assumptions, Extensions" and "preparation of extension discussion materials" under "fleet and debt restructuring", etc.

winglet