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http://www.bloomberg.com/news/2011-...e-claims-against-bankrupt-mesa-air-group.html
Delta Reaches Accord to Settle Claims Related to Mesa Air Bankruptcy Case
By David McLaughlin - Jan 5, 2011 2:47 PM ET
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Delta Air Lines Inc. reached an agreement to resolve its claims for payments from regional air carrier Mesa Air Group Inc. as part of Mesa’s bankruptcy reorganization.
Delta, which filed claims for more than $67.75 million against Mesa, will have those claims reduced to $7.3 million under the settlement, Mesa said yesterday in a filing in U.S. Bankruptcy Court in New York.
Mesa said there is “substantial risk” that continued litigation with Delta might not succeed and asked a bankruptcy judge to approve the settlement.
Mesa, based in Phoenix, filed for bankruptcy a year ago and is scheduled to seek court approval for a restructuring plan later this month. Under the settlement with Atlanta-based Delta, the two companies will end litigation against each other, according to the court filing.
“Delta has resolved all claims with Mesa and is pleased these disputes have come to a close,” Kristin Baur, a Delta spokeswoman, said in an e-mailed statement.
The case is In re: Mesa Air Group Inc., 10-bk-10018, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
To contact the reporter on this story: David McLaughlin in New York at [email protected].
To contact the editor responsible for this story: David E. Rovella at [email protected].
Delta Reaches Accord to Settle Claims Related to Mesa Air Bankruptcy Case
By David McLaughlin - Jan 5, 2011 2:47 PM ET
inShare
More Print Email
Delta Air Lines Inc. reached an agreement to resolve its claims for payments from regional air carrier Mesa Air Group Inc. as part of Mesa’s bankruptcy reorganization.
Delta, which filed claims for more than $67.75 million against Mesa, will have those claims reduced to $7.3 million under the settlement, Mesa said yesterday in a filing in U.S. Bankruptcy Court in New York.
Mesa said there is “substantial risk” that continued litigation with Delta might not succeed and asked a bankruptcy judge to approve the settlement.
Mesa, based in Phoenix, filed for bankruptcy a year ago and is scheduled to seek court approval for a restructuring plan later this month. Under the settlement with Atlanta-based Delta, the two companies will end litigation against each other, according to the court filing.
“Delta has resolved all claims with Mesa and is pleased these disputes have come to a close,” Kristin Baur, a Delta spokeswoman, said in an e-mailed statement.
The case is In re: Mesa Air Group Inc., 10-bk-10018, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
To contact the reporter on this story: David McLaughlin in New York at [email protected].
To contact the editor responsible for this story: David E. Rovella at [email protected].
