Bradlees Department Store , more commonly known as Bradlees , was a discount department store chain based in Braintree, Massachusetts , which operated primarily in the Northeastern United States . Bradlees sold various retail items in its stores, including clothing, jewelry, health care, beauty products, footwear, furniture, electronics, housewares, and bedding. At its peak in the 1990s, Bradlees operated over 105 stores in seven states across the Northeast, with close to 10,000 employees. Along with being a part of Stop & Shop from 1961 until 1992, the chain went through Chapter 7 bankruptcy in 2000, with all of its stores eventually closed by March 15, 2001.
45-499: Bradlees was named for Connecticut's Bradley International Airport , where early planning meetings were held by the store's founders. The first store was opened in New London, Connecticut , on March 14, 1958. The company was acquired by grocery chain Stop & Shop in 1961, which owned the chain until 1992. After the acquisition, Stop & Shop stores were often featured alongside Bradlees in
90-406: A crisis or major change in the business such as bankruptcy , repositioning , or buyout . Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring. Executives involved in restructuring often hire financial and legal advisors to assist in the transaction's details and negotiations. It may also be done by a newly-hired CEO specifically to make
135-587: A dual-use military facility with the U.S. Air Force , the airport is home to the 103rd Airlift Wing (103 AW) of the Connecticut Air National Guard . Bradley was originally branded as the "Gateway to New England " and is home to the New England Air Museum . In 2016, Bradley International launched its new brand, "Love the Journey". In 2019, Bradley was the 55th-busiest commercial airport in
180-509: A few endangered species of birds, including the upland sandpiper , the horned lark , and the grasshopper sparrow . In 2017, Bradley Airport was named 5th-best airport in the United States by Condé Nast Traveler's Reader's Choice Awards. Bradley scored well with readers in the categories of on-site parking, availability of charging stations and free Wi-Fi, decent restaurant options, and overall relaxed atmosphere. In 2018, Bradley Airport
225-502: A new International Arrivals Building and centralize passenger screening. The airport expansion was part of a larger project to enhance the reputation of the Hartford metropolitan area as a destination for business and vacation travel. The new East Concourse, designed by HNTB , opened in September 2002. In December 2002 a new International Arrivals Building opened west of Terminal B, housing
270-549: A new agreement made with the state, committing the airline to continue its transatlantic service at the airport through September 2022. Aer Lingus committed to placing one of its first four A321LR aircraft on the Bradley to Dublin route, replacing the Boeing 757-200 assigned to the route. On February 17, 2022, Breeze Airways announced they would be establishing an operating base at Bradley International Airport. The announcement included
315-559: A prompt resolution of a distressed situation. Corporate debt restructuring is the reorganization of companies' outstanding liabilities. It is generally a mechanism used by companies which are facing difficulties in repaying their debts. In the process of restructuring, the credit obligations are spread out over a longer period with smaller payments. This can better allow the company to meet its debt obligations. Also, as part of this process, some creditors may agree to exchange debt for some portion of equity. Working with companies in this way in
360-518: A route to Amsterdam, Hartford's first direct flight to Europe. Three months later, the Airbus A380 visited Bradley on its world tour, stopping in Hartford to showcase the aircraft to Connecticut workers for Pratt & Whitney and Hamilton Sundstrand , both divisions of United Technologies , which helped build the GP7000 TurboFan engines, which is an option to power the aircraft. Bradley Airport
405-471: A timely and transparent manner may go a long way to ensure their viability, which is sometimes threatened by internal and external factors. The restructuring process attempts to resolve the difficulties faced by a corporate body and enable it to become viable again. Steps: In corporate restructuring, valuations are used as negotiating tools and more than third-party reviews designed for litigation avoidance. This distinction between negotiation and process
450-512: A turn for the worse in 2000, and on December 26, 2000, the company announced a filing for Chapter 7 bankruptcy protection , and said that Bradlees would begin liquidation sales as soon as possible, ending business. Executives of Bradlees said it filed for bankruptcy protection because of a general economic downturn, including rising interest rates and higher gas and heating-oil prices that had left customers with less disposable income. The executives also said new competition, unseasonable weather in
495-558: Is 9,510 by 200 feet (2,899 × 61 m); 15/33 is 6,847 by 150 feet (2,087 × 46 m). In the year ending July 31, 2023, the airport had 77,685 aircraft operations, averaging 213 per day: 71% airline, 16% general aviation , 13% air taxi , and <1% military. At that time, 52 aircraft were based at this airport: 27 jet, 18 military, 5 helicopter , and 2 multi-engine. The airport has one terminal known as Terminal A with two concourses: East Concourse (Gates 1–12) and West Concourse (Gates 21–30). The East Concourse has 12 gates and houses
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#1732845157414540-464: Is a difference between financial restructuring and corporate finance . From the point of view of transfer pricing requirements, restructuring may entail the need to pay the so-called exit fee (exit charge). See Valuation (finance) § Valuation of a suffering company for discussion of the approaches taken. Historically, European banks handled non-investment grade lending and capital structures that were fairly straightforward. Nicknamed
585-577: Is one of only 68 airports worldwide large enough to accommodate the A380. No carriers provide regular A380 service to Bradley, but the airport occasionally is a diversion airfield for JFK-bound A380s. Northwest Airlines terminated its service to Amsterdam in October 2008 because of the increased cost of jet fuel. In the same month, Embraer , an aerospace company based in Brazil , selected Bradley as its service center for
630-744: The Connecticut Airport Authority (CAA), it is the second-largest airport in New England . The airport is about halfway between Hartford, Connecticut , and Springfield, Massachusetts . It is the state of Connecticut 's busiest commercial airport and the second-busiest airport in New England after Boston's Logan International Airport , with over 6.75 million passengers in 2019. The four largest carriers at Bradley International Airport are Southwest , Delta , JetBlue , and American with market shares of 29%, 19%, 15%, and 14%, respectively. As
675-527: The Windsor Locks tornado ripped through the eastern portions of the airport. The New England Air Museum sustained some of the worst damage. It reopened in 1981. The new Terminal A and Bradley Sheraton Hotel were completed in 1986. The Roncari cargo terminal was also built. 2001 saw the commencement of the Terminal Improvement Project to expand Terminal A with a new concourse, construct
720-466: The state of Connecticut . In 1941, this land was turned over to the U.S. Army , as the country began its preparations for the impending war. The airfield was named after 24-year-old Lt. Eugene M. Bradley of Antlers, Oklahoma , assigned to the 64th Pursuit Squadron , who died when his P-40 crashed during a dogfight training drill on August 21, 1941. The airfield began civil use in 1947 as Bradley International Airport. Its first commercial flight
765-492: The "London Approach" in the UK, restructurings focused on avoiding debt write-offs rather than providing distressed companies with an appropriately sized balance sheet. This approach became impractical in the 1990s with private equity increasing demand for highly leveraged capital structures that created the market in high-yield and mezzanine debt . Increased volume of distressed debt drew in hedge funds and credit derivatives deepened
810-506: The Connecticut Department of Transportation released an Environmental Assessment and Environmental Impact Evaluation, detailing a proposal to replace the now-vacant Terminal B with updates and facilities intended to improve access and ease of use for Bradley travelers. The replacement proposal calls for: The proposal calls for a three-phase construction program: Actual completion dates depend upon funding and demand. As of May 2018
855-559: The Federal Inspection Station with one jetway. Two government agencies support the facility; U.S. Customs and Border Protection and the U.S. Department of Agriculture . The FIS Terminal can process more than 300 passengers per hour from aircraft as large as a Boeing 747 . This facility cost approximately $ 7.7 million, which included the building and site work, funded through the Bradley Improvement Fund. Currently
900-548: The International Arrivals Building is utilized by Delta Air Lines and Frontier Airlines (Apple Vacations) for their seasonal service to Cancun, Mexico and Punta Cana, Dominican Republic. All international arrivals except for those from airports with customs preclearance are processed through the IAB. International departures are handled from the existing terminal complex. In July 2007, Northwest Airlines launched
945-571: The Murphy Terminal was expanded with an International Arrivals wing. This was followed by the installation of instrument landing systems on two runways in 1977. In 1974, construction began on an experimental People Mover to move people between the terminal and a parking lot 0.7 miles (1.1 km) away. It was completed in December 1975. The People Mover consisted of a 7' wide roadway and two 30' long cars. It cost US$ 4.5 million to construct and
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#1732845157414990-585: The Murphy Terminal, opened in 1952 and was closed to passenger use in 2010. It was slowly demolished starting in late 2015 and ending in early 2016. It housed the administrative offices of the CAA and TSA until its demolition. In addition to the regular cargo services described above, Bradley is occasionally visited by Antonov An-124 aircraft operated by Volga-Dnepr Airlines , and Antonov Airlines , transporting heavy cargo, such as Sikorsky helicopters or Pratt & Whitney engines, internationally. On July 3, 2012,
1035-973: The Northeastern United States. An $ 11 million project was begun with support from teams of the Connecticut Department of Transportation and Connecticut's Economic and Community Development. The center is intended to be a full maintenance and repair facility for its line of business jets and is expected to employ up to 60 aircraft technicians. The facility was temporarily closed ten months after opening due to economic conditions, reopening on February 28, 2011. On October 21, 2015, Bradley announced renewed transatlantic service, partnering with Aer Lingus to bring daily flights between Bradley and Dublin . Service to Dublin began on September 28, 2016. On September 13, 2018, Governor Dannel P. Malloy announced that Aer Lingus service at Bradley International Airport will continue for at least four more years under
1080-576: The United States, by passengers enplaned. The Federal Aviation Administration (FAA) National Plan of Integrated Airport Systems for 2017–2021 categorized it as a medium-hub primary commercial service facility. The former discount department store chain Bradlees was named after the airport as many of the early planning meetings were held there. Bradley has its origins in the 1940 acquisition of 1,700 acres (690 ha) of land in Windsor Locks by
1125-664: The airline would begin service to an additional eight nonstop destinations from Bradley and create more than 200 new jobs. On March 8, 2022, they announced service to six new destinations, Akron/Canton , Jacksonville , Nashville , Richmond , Sarasota/Bradenton and Savannah all beginning in June 2022. On July 13, 2022, the $ 210 million Ground Transportation Center opened, hosting a consolidated rental car facility and 830 additional general-purpose parking spaces. Bradley International Airport covers 2,432 acres (984 ha ) at an elevation of 173 feet (53 m). It has two asphalt runways: 6/24
1170-516: The airport with the Windsor Locks and Windsor train stations while Route 30x (Bradley Flyer) provides express service to Downtown Hartford . The Connecticut Air National Guard 103d Airlift Wing leases 144 acres (0.58 km ) in the southwest corner of the airport for their Bradley ANG Base. The base is a designated Superfund site. Bradley has also been identified as one of the last remaining tracts of grassland in Connecticut suitable for
1215-593: The case of the supercenter stores, a wall was built to divide the building in half. (Stop & Shop would not return to the area until the fall of 2000, when its then-parent Ahold elected to rebrand its Edwards Super Food Stores chain as Stop & Shop.) Like some of its competition, including Caldor , many Bradlees stores had snack stands/lunch counters that served soft drinks, hot dogs, French fries , soft pretzels, ice cream, prepackaged cookies, and various other food items to shoppers. In 1993, Bradlees added Pizza Hut , Taco Bell , and Dunkin' Donuts items to some of
1260-633: The chain started their liquidation sales, and the final store closed on March 15, 2001. At the time of its liquidation , the company had 10,000 employees and 105 stores in seven states. Many of its former store locations were purchased by Walmart , although other locations became Big Lots , Staples , Super Buy Rite , The Home Depot , Forman Mills , Shaw's Star Market , Target , Kohl's , Burlington Coat Factory , Ocean State Job Lot , Bob's Stores , Marshalls , Dollar Tree , ShopRite , National Wholesale Liquidators , or Stop & Shop . Stop & Shop owned much of its real estate even after it spun off
1305-577: The company. Stop & Shop was acquired by Ahold in 1996, and some former Bradlees were sold to other Ahold divisions, such as Giant . When the Nasdaq stock market suspended trading in Bradlees stock, it closed at just under 22 cents. Bradley International Airport Bradley International Airport ( IATA : BDL , ICAO : KBDL , FAA LID : BDL ) is a public international airport in Windsor Locks, Connecticut , United States. Owned and operated by
1350-417: The difficult and controversial decisions, required to save or reposition the company. It generally involves financing debt, selling portions of the company to investors, and reorganizing or reducing operations. The basic nature of restructuring is a zero-sum game . Strategic restructuring reduces financial losses, simultaneously reducing tensions between creditors and equity holders, in order to facilitate
1395-905: The downtowns of both cities. In 1948, the federal government deeded the Airport to the State of Connecticut for public and commercial use. In 1950, Bradley International Airport exceeded the 100,000-passenger mark, handling 108,348 passengers. In 1952, the Murphy Terminal opened. Later dubbed Terminal B, it was the oldest passenger terminal of any major airport in the U.S. when it closed in 2010. The April 1957 OAG shows 39 weekday departures: 14 American, 14 Eastern, 9 United, and 2 Northeast. The first jets were United 720s to Cleveland in early 1961. Nonstops never reached west of Chicago or south of Washington until Eastern and Northeast began nonstops to Miami in 1967; nonstops to Los Angeles and Atlanta started in 1968. In 1960, Bradley handled 500,238 passengers. In 1971,
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1440-735: The early 1990s. In 1992, a year after its parent company becoming public once again, Stop & Shop Inc. sold Bradlees to an investment group, and the chain continued as a separate company. By 1994, the company was unprofitable after attempting to open several new stores in New Jersey and New York. After losing money for 2 years, Bradlees had filed for Chapter 11 bankruptcy in June 1995, and closed down some underperforming stores, (including its only two stores in Rhode Island ) in 1996. Some of these were turned into Ames stores. James Zamberlan, previously senior vice president of Lazarus Department Stores ,
1485-497: The expanded area for a total of three additional gates. After the renovation, BDL will have a total of 25 gates and one FIS international arrivals gate. The Customs Building that is used for arriving international flights has been dubbed Terminal B and consists of one passenger gate. The third floor of Terminal A has the administrative offices of the Connecticut Airport Authority. Former terminal B, also known as
1530-477: The first half of 2000, and the tightening of trade credit contributed to its inability to operate profitably. In an interview just before the chain closed, analyst Eric Beder of Ladenburg Thalmann & Co. said, "They really needed a perfect economy to get this thing moved", referring to the attempt at recovery after the restructuring of the company. "But the recent consumer spending slowdown did not facilitate that environment", he said. In early January 2001,
1575-412: The following airlines: Aer Lingus , Delta , Frontier , JetBlue , Southwest , Spirit , Sun Country . The West Concourse has 10 gates and houses the following airlines: Air Canada , American , Breeze , United . A 2024 expansion, part of construction for a new baggage screening facility, will add two additional gates on the west side of the terminal as well as a relocation of the existing Gate 20 to
1620-405: The market—trends outside the control of both the regulator and the leading commercial banks. A company that has been restructured effectively will theoretically be leaner, more efficient, better organized, and better focused on its core business with a revised strategic and financial plan. If the restructured company was a leverage acquisition, the parent company will likely resell it at a profit if
1665-426: The project had not left the planning stage. Amtrak and Hartford Line trains serve both the nearby Windsor Locks and Windsor stations. As of 2019 , weekday service includes eleven southbound trains and twelve northbound trains at Windsor Locks. CT Transit provides bus transportation to and from Bradley International Airport through two routes. Route 24 (Windsor-Bradley Int'l Airport-Windsor Locks) connects
1710-568: The same shopping plazas. In some cases, especially in the New York/New Jersey metropolitan area, stores large enough to house both Bradlees and Stop & Shop under the same roof were constructed. In these early examples of supercenters, one side of the store would operate as Bradlees while the other would operate as Stop & Shop, and shoppers were able to move between one store and the other freely. This practice ended in 1982 when Stop & Shop elected to close its New York metro division; in
1755-449: The stores that did not have snack stands and new stores constructed during this time. Bradlees was known for its TV and print ads featuring the character "Mrs. B." (played by actress Cynthia Harris ), depicted as the chain's buyer, who constantly searched for bargains to pass on to her customers. The advertising jingle went, "At Bradlees, you buy what Mrs. B buys. And nobody can buy like Mrs. B." In 1988, its parent company Stop & Shop
1800-407: The top spot. Restructuring Restructuring or Reframing is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger , or a response to
1845-474: Was Eastern Air Lines Flight 624. International cargo operations at the airport also began that year. Bradley eventually replaced the older, smaller Hartford–Brainard Airport as Hartford's primary airport, then becoming Springfield's own primary airport with the closure of the Springfield Airport in the early 1950s and the eventual build-out of Interstate 91 facilitating fast access from the airport to
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1890-523: Was anticipated to cost $ 250,000 annually to operate. Due to the high operating cost and the fact that the parking lot it was connected to was not being used, the system was never put in service and was dismantled in 1984 to make room for a new terminal building. The retired vehicles from the system are now on display at the Connecticut Trolley Museum in East Windsor, Connecticut . In 1979,
1935-452: Was appointed as executive vice president of Bradlees on August 25, 1995. The company successfully emerged from bankruptcy in February 1999 after making a decent profit through 1998 and early 1999. Bradlees also took advantage of the liquidation and closure of competitor Caldor shortly after its emergence from bankruptcy, and purchased several of its former stores. The fortunes of Bradlees took
1980-464: Was involved in a hostile takeover bid by Herbert Haft 's Dart Group . The board of directors appointed Kohlberg Kravis Roberts & Company to acquire the company shortly after, the deal was completed in 1989, with Stop & Shop becoming a private company. The first major Bradlees store closings came in 1988, when it exited the Southern United States. Bradlees remained profitable into
2025-494: Was named 3rd-best airport in the United States by Condé Nast Traveler ' s Reader's Choice Awards. Bradley scored well with readers in the categories of flight choices, on-site parking, availability of charging stations and free Wi-Fi, restaurant options, and overall relaxed atmosphere. In 2022, BDL airport was named 2nd-best airport in the United States by Condé Nast Traveler's Reader's Choice Awards. Only Savannah/Hilton Head International Airport kept Bradley Airport out of
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