Crzipilot
Well-known member
- Joined
- May 11, 2002
- Posts
- 1,057
Guess no 900's for PSA
7.8.1 US Airways Code-Share Agreement. Notwithstanding anything in this Plan to the contrary, the Debtors will assume the US Airways Code-Share Agreement as modified by the U.S. Airways Tenth Amendment (which as of September 17, 2010 is being finalized) pursuant to a separate motion to be presented to the Court for approval in connection with confirmation of the Plan. The assumption of the U.S. Airways Code-Share Agreement as modified by the U.S. Airways Tenth Amendment will be effective as of the Effective Date. In consideration for the U.S. Airways Tenth Amendment, US Airways shall receive (i) 10% of the New Common Stock of the Reorganized Mesa Air Group and (ii) the U.S. Airways Note.
On the Effective Date, the Reorganized Debtors and Liquidating Debtors shall be authorized and directed to take any and all necessary and appropriate actions to issue and deliver the Restructured Equity, the New 8% Notes, the Management Notes, and the U.S. Airways Note in accordance with this Plan. The Restructured Equity shall be issued in the form of New Common Stock and New Warrants. The Restructured Unsecured Equity shall
represent 80% of the ownership interests in Reorganized Mesa Air Group (after giving effect to the shares of New Common Stock issuable under the Management Equity Pool and U.S. Airways). The terms of the New 8% Notes shall be set forth in the New 8% Notes Indenture and related documents to be submitted as part of the Plan Supplement. The terms of the Management Notes shall be set forth in the Management Notes Agreement and related documents to be submitted as part of the Plan Supplement. The terms of the U.S. Airways
Note shall be set forth in the U.S. Airways Note Agreement and related documents to be submitted as part of the Plan Supplement. Other than the principal amount, the terms of the New 8% Notes, Management Notes, and U.S. Airways Note shall be substantially similar; provided, however, that the Management Notes shall be subordinated to the New 8% Notes and the U.S. Airways Note.
7.8.1 US Airways Code-Share Agreement. Notwithstanding anything in this Plan to the contrary, the Debtors will assume the US Airways Code-Share Agreement as modified by the U.S. Airways Tenth Amendment (which as of September 17, 2010 is being finalized) pursuant to a separate motion to be presented to the Court for approval in connection with confirmation of the Plan. The assumption of the U.S. Airways Code-Share Agreement as modified by the U.S. Airways Tenth Amendment will be effective as of the Effective Date. In consideration for the U.S. Airways Tenth Amendment, US Airways shall receive (i) 10% of the New Common Stock of the Reorganized Mesa Air Group and (ii) the U.S. Airways Note.
On the Effective Date, the Reorganized Debtors and Liquidating Debtors shall be authorized and directed to take any and all necessary and appropriate actions to issue and deliver the Restructured Equity, the New 8% Notes, the Management Notes, and the U.S. Airways Note in accordance with this Plan. The Restructured Equity shall be issued in the form of New Common Stock and New Warrants. The Restructured Unsecured Equity shall
represent 80% of the ownership interests in Reorganized Mesa Air Group (after giving effect to the shares of New Common Stock issuable under the Management Equity Pool and U.S. Airways). The terms of the New 8% Notes shall be set forth in the New 8% Notes Indenture and related documents to be submitted as part of the Plan Supplement. The terms of the Management Notes shall be set forth in the Management Notes Agreement and related documents to be submitted as part of the Plan Supplement. The terms of the U.S. Airways
Note shall be set forth in the U.S. Airways Note Agreement and related documents to be submitted as part of the Plan Supplement. Other than the principal amount, the terms of the New 8% Notes, Management Notes, and U.S. Airways Note shall be substantially similar; provided, however, that the Management Notes shall be subordinated to the New 8% Notes and the U.S. Airways Note.