Mesaba Bids To Auction $145M Northwest Claim

Law360, New York (January 22, 2007, 12:00 AM EST) -- Mesaba Aviation Inc. is seeking the green light to auction off a $145 million claim it holds against Northwest Airlines Corp. regardless of whether the bankrupt carrier’s planned sale to Northwest goes through.

Mesaba said in court documents filed Jan. 18 that it “seeks authority to sell the claim, whether or not the Northwest transaction is consummated, to the highest and best bidder at auction.” It is asking the court to enter an order granting expedited relief and authorizing Mesaba to take “all actions necessary to...
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