Law360 (January 8, 2007, 12:00 AM EST) -- Mesaba Aviation Inc.'s unsecured creditors want bankruptcy court approval to file a Chapter 11 plan on the carrier's behalf, hoping to clear the way for Northwest Airlines Corp.’s desired purchase of the regional carrier.
On Thursday, the committee of unsecured creditors asked the court to grant the group authority to submit a reorganization plan if the board of Mesaba’s parent company, MAIR Holdings Inc., does not endorse the sale.
With deadlines fast approaching, Northwest is scurrying to secure approval for the deal from the relevant corporate...
Mesaba Creditors Move To Protect Northwest Deal
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