Its been slow but I did find this today:
Form 8-K for MAIR HOLDINGS INC
12-Oct-2005
Other Events
Item 8.01. Other Events. On October 11, 2005, Northwest Airlines, Inc. ("Northwest") made a semi-monthly payment of approximately $15.7 million to Mesaba Aviation, Inc. ("Mesaba"), a wholly owned subsidiary of MAIR Holdings, Inc. ("MAIR"), for services provided by Mesaba during the last half of September 2005 under an Airline Services Agreement dated August 29, 2005 (the "ASA"). Northwest netted out and reduced the payment by approximately $3.3 million from the total amount due to Mesaba for amounts that Northwest asserts represent prepetition claims against Mesaba. As a result of Northwest's recent actions, Mesaba now estimates that Northwest has received and not paid for services performed by Mesaba under the ASA valued at approximately $30 million. Mesaba continues to assess whether a court supervised restructuring under Chapter 11 of the Bankruptcy Code is an appropriate alternative to address its financial situation.
Separately, MAIR continues to assess the impact of Mesaba's alternatives and MAIR's available options relative to Mesaba's situation.
Hmmmm, what does it all mean?
Form 8-K for MAIR HOLDINGS INC
12-Oct-2005
Other Events
Item 8.01. Other Events. On October 11, 2005, Northwest Airlines, Inc. ("Northwest") made a semi-monthly payment of approximately $15.7 million to Mesaba Aviation, Inc. ("Mesaba"), a wholly owned subsidiary of MAIR Holdings, Inc. ("MAIR"), for services provided by Mesaba during the last half of September 2005 under an Airline Services Agreement dated August 29, 2005 (the "ASA"). Northwest netted out and reduced the payment by approximately $3.3 million from the total amount due to Mesaba for amounts that Northwest asserts represent prepetition claims against Mesaba. As a result of Northwest's recent actions, Mesaba now estimates that Northwest has received and not paid for services performed by Mesaba under the ASA valued at approximately $30 million. Mesaba continues to assess whether a court supervised restructuring under Chapter 11 of the Bankruptcy Code is an appropriate alternative to address its financial situation.
Separately, MAIR continues to assess the impact of Mesaba's alternatives and MAIR's available options relative to Mesaba's situation.
Hmmmm, what does it all mean?