Mesa Air Group Chapter 11 Info
12-27-2010, 09:00 PM
#1395
Gets Weekends Off
Joined APC: Jul 2009
Posts: 190
to upgrade at mesa now is going to be awhlile. Going to have to grow with additional flying. The top 300 or 400 pilots (majority) are comfortable where they are. The majority that will be leaving are fos that were captains, so the pilots leaving are fos. Upgrade will be awhile if no future growth and mag stays at 850 pilot group
12-29-2010, 10:53 PM
#1396
Go Knights Go
Joined APC: Apr 2008
Position: OCC/Dispatch
Posts: 261
For what its worth MAG has filed a supplement to the 2nd POR including articles of reincorporation , decleration of the amount of perfered and common shares authorized for sale. Statement of notes issued, a complete list of contracts to be assumed and proposed members of the new board.
12-30-2010, 08:05 PM
#1398
Line Holder
Joined APC: Jul 2010
Position: CRJ former left seater
Posts: 31
01-04-2011, 10:47 PM
#1399
Go Knights Go
Joined APC: Apr 2008
Position: OCC/Dispatch
Posts: 261
Objections to Mesa's proposed cure amounts on assumed contracts are starting to role in. Basically the objectors have contracts Mesa desires to keep but Mesa has proposed zero in payments on said contracts. It's obvious these vendors desire payments for services already rendered or to keep the contracts in place.
01-05-2011, 07:31 AM
#1400
Line Holder
Joined APC: Jul 2007
Posts: 62
http://us.rd.yahoo.com/finance/indus...tml?cmpid=yhoo
Delta Reaches Accord Over Claims Against Mesa Air
By David McLaughlin - Jan 5, 2011 10:40 AM ET
Delta Air Lines Inc. reached an agreement to resolve its claims for payments from regional air carrier Mesa Air Group Inc. as part of Mesa’s bankruptcy reorganization.
Delta, which filed claims for more than $67.75 million against Mesa, will have those claims reduced to $7.3 million, Mesa said yesterday in a filing in U.S. Bankruptcy Court in New York.
Mesa said there is “substantial risk” that continued litigation with Delta might not succeed and asked a bankruptcy judge to approve the settlement.
Mesa, based in Phoenix, filed for bankruptcy a year ago and is scheduled to seek court approval for a restructuring plan later this month. Under the settlement with Atlanta-based Delta, the two companies will end litigation against each other, according to the court filing.
A Delta spokesman didn’t immediately return a call seeking comment.
The case is In re: Mesa Air Group Inc., 10-bk-10018, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
Is this going to change the status quo? How?
Delta Reaches Accord Over Claims Against Mesa Air
By David McLaughlin - Jan 5, 2011 10:40 AM ET
Delta Air Lines Inc. reached an agreement to resolve its claims for payments from regional air carrier Mesa Air Group Inc. as part of Mesa’s bankruptcy reorganization.
Delta, which filed claims for more than $67.75 million against Mesa, will have those claims reduced to $7.3 million, Mesa said yesterday in a filing in U.S. Bankruptcy Court in New York.
Mesa said there is “substantial risk” that continued litigation with Delta might not succeed and asked a bankruptcy judge to approve the settlement.
Mesa, based in Phoenix, filed for bankruptcy a year ago and is scheduled to seek court approval for a restructuring plan later this month. Under the settlement with Atlanta-based Delta, the two companies will end litigation against each other, according to the court filing.
A Delta spokesman didn’t immediately return a call seeking comment.
The case is In re: Mesa Air Group Inc., 10-bk-10018, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
Is this going to change the status quo? How?
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