Mair Tries To Stifle Criticism Of Mesaba Payments

Law360, New York (October 5, 2006, 12:00 AM EDT) -- Under fire from Mesaba Airlines’s unsecured creditors, parent company Mair Holdings, Inc. has requested that the bankruptcy court issue a declaratory judgment ruling that any payments made to Mair were appropriate and proper.

On Thursday, Mair entered a bid for declaratory judgment in the U.S. Bankruptcy Court in Minnesota, trying to put to bed rumors of impropriety regarding various transactions between the two companies.

"The dividends and fees Mesaba paid to Mair are legitimate, appropriate and legal," said Paul Foley, Mair’s president and chief executive officer....
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