Mesa Air Group Gets Court Approval
Posted on Mar 12, 2011 10:45pm PST
Mesa Air Group Inc. has reportedly won court approval of its bankruptcy reorganization plan that will allow it to emerge from Chapter 11. The company originally filed for
Chapter 11 in January 2010. Now, the company will be able to eliminate about $700 million of leases and $50 million of debt. Mesa now plans to emerge from bankruptcy as a private company, issuing new notes, common stock and warrants to creditors.
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