Mesa Air Creditors Say Ch. 11 Plan Is Cloudy

Law360, New York (November 12, 2010, 5:25 PM EST) -- Mesa Air Group Inc.’s plotted flight out of Chapter 11 has run into a headwind, with a hedge fund claiming that the regional airline’s reorganization plan is unclear about the treatment of roughly $20 million in notes and other creditors reserving their right to object to the disclosure statement.

Lampe Conway & Co. LLC urged Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York to reject Mesa’s disclosure statement unless the debtor files the indenture for the new 8 percent...
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