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  ^ Top   #11  
Old 05.14.2008
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The thing I like about Idle Air the most is You can park at one and not have a truck idleing beside you all night long. I could really care less about the rest of their services.
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  ^ Top   #12  
Old 05.14.2008
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i never used it, so doesnt bother me, seamed like a good idea but...
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  ^ Top   #13  
Old 05.14.2008
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Its too bad. I liked the system they had in place. Except running into smoker units I thought it was a great idea.
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  ^ Top   #14  
Old 05.14.2008
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So what do I use my window adapter for now?
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  ^ Top   #15  
Old 05.14.2008
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Quote:
Originally Posted by Captain Canuck View Post
So what do I use my window adapter for now?
A doggie door?
Don't laugh.
I had a GSD that used three sets of "window" screens as doggie doors.
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  ^ Top   #16  
Old 05.15.2008
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I'll be glad to see them go. I just hope they do "go" rather then the government let them restucture and continue
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  ^ Top   #17  
Old 05.15.2008
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Why don't you like them? Its better than having trucks idle overnight.
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  ^ Top   #18  
Old 05.15.2008
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I think Idle Aire is reorganizing so they can repair all of the shisty equipment that they have. They are prorably goin to use what resources they have left to repair all of the equipment. my two cents
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  ^ Top   #19  
Old 05.16.2008
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IdleAire May Have Buyer
5/16/08
Quote:
It's looking like IdleAire, which declared Chapter 11 bankruptcy Monday, may have a buyer waiting in the wings.

The Knoxville News Sentinel, which has been following IdleAire's financial problems closely, reported that the corporate name IdleAire Acquisition LLC was reserved in Delaware the same day IdleAire Technologies filed for bankrupty protection in that state.

A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. The court can grant complete or partial relief from most of the company's debts and its contracts.

Often, if the company's debts exceed its assets, at the completion of bankruptcy the company's creditors end up with ownership of the newly reorganized company.

This could well be what happens with IdleAire. According to the bankruptcy petition, as of December 31, IdleAire had $210.9 million in assets but total debts of $303.6 million.
The bankruptcy filing lists as the main creditors a group of unnamed lenders represented by Wells Fargo Bank, which at the end of April provided a line of credit up to $25 million. As part of the agreement, IdleAire hired a major turn-around management and restructuring consultant, CRG Partners Group.

According to court papers filed in relation to the bankruptcy petition, the credit agreement relating to the bridge loan "expressly envisions" further funding in the form of debtor-in-possession financing, and also says that "IdleAire's obligations in connection with the … bridge loan are secured by a first priority lien on essentially all of its assets."

So these unnamed lenders could well be IdleAire's new owners.
http://www.truckinginfo.com/news/new...?news_id=60521

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  ^ Top   #20  
Old 05.16.2008
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We shall see what happens. They must owe the truckstops some money too.
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