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Mesaba Creditors Ask Court To Reassess Union Deals

Law360 (December 12, 2006, 12:00 AM EST) -- Mesaba Aviation Inc.’s official committee of unsecured creditors has asked a bankruptcy court to take a second look at deals between the bankrupt airline and its labor unions that added $22.4 million to the pool of Mesaba’s unsecured claims.

Friday, the unsecured creditors filed a motion asking U.S. Bankruptcy Judge Gregory F. Kishel to reassess a court order approving agreements under which Mesaba altered its collective bargaining agreements with three labor unions. In exchange for making concessions, the unions received unsecured claims against Mesaba’s estate totaling...
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