New funds could help workers of defunct NC airline
WINSTON-SALEM, NC (AP) – A bankruptcy judge is hearing details of a settlement with the estate of former Hooters founder Bob Brooks that could boost the chances that workers at the defunct airline he once owned will collect back pay.
The Winston-Salem Journal reports that a hearing on the proposed settlement is set for Tuesday in Winston-Salem.
A trustee overseeing the assets of the failed Pace Airlines Inc. negotiated a $400,000 settlement with former owner Brooks’ estate. That money is seen as boosting the chances the former Winston-Salem charter airline’s more than 420 employees will collect some of the $1.5 million in back wages they’re owed.
Many employees were not paid for as much as their last six weeks of work.
The company collapsed in September 2009.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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