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But developments since then including the discovery of what Airopack described as excessively sales forecasts by former managers now make the recapitalization plan completely PositiveAiropack whose net loss topped 40 million euros http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-airopack-protection/airopacks-debt-revamp-collapses-cites-accounting-issues-idUSKCN1Q00XG2019-02-12
Airopack said it would seek a short period of debt relief with Swiss courts in order to gain breathing room negotiate with lenders and seek to avoid bankruptcy proceedings NegativeAiropack whose net loss topped 40 million euros http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-airopack-protection/airopacks-debt-revamp-collapses-cites-accounting-issues-idUSKCN1Q00XG2019-02-12
An Airopack spokeswoman said a court in Zug near the companys headquarters in Baar would consider the request NeutralAiropack whose net loss topped 40 million euros http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-airopack-protection/airopacks-debt-revamp-collapses-cites-accounting-issues-idUSKCN1Q00XG2019-02-12
Kelderss family owns 30 percent of Airopack while Apollo controls about 23 percent of shares PositiveAiropack whose net loss topped 40 million euros http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-airopack-protection/airopacks-debt-revamp-collapses-cites-accounting-issues-idUSKCN1Q00XG2019-02-12