http://www.xe.com/news/2010-05-24 11:55:00.0/1166365.htm?c=1&t=
Delta has reached an agreement with Mesa Air to keeping flying commuter flights through August, thus avoiding a shutdown of Delta-related operations country wide, said The Wall Street Journal.
According to papers filed with the U.S. Bankruptcy Court in Manhattan, Mesa reached a deal that will allow for an “orderly wind-down” of its Delta Connection operations during the next several months, the article said.
Under the deal, which was approved by the court on Monday, Mesa would continue to operate regional connecting flights for Delta until Aug. 31.
The deal also allows Delta time to make alternative arrangements for maintaining its flight schedule while giving Mesa a "window" to determine how to restructure its business.
Without the proposed agreement, Mesa said in court that it would “face the untenable choice of either immediately ceasing to fly, which would leave passengers who have booked flights stranded," or risk flying "under the Delta flag" without the guarantee that it would be paid.
Mesa's contract with Delta provides 18% of the Phoenix company's revenue, according to the article.
Meanwhile, during the next few months, Mesa said it would assess whether it should keep aircraft leases and service contracts related to its work with Delta and use the time to retrain pilots and staff for assignments with other partner airlines.
Finally....beginning to see some justice for the "good guys." Mesa had damaged this industry more than any other regional carrier to date.
You are a moron.