Northwest Secures Key Approval For Mesaba Sale
On Tuesday, U.S. Bankruptcy Judge Allan Gropper, who is presiding over Northwest’s bankruptcy, approved the deal which would grant Mesaba a $145 million unsecured claim in the larger airline’s bankruptcy.
Mesaba, a feeder carrier for Northwest that provides regional service to smaller airports, entered bankruptcy shortly after Northwest ducked into Chapter 11 in September 2005.
Under the all-stock sale, Mesaba...
To view the full article, register now.