FAIRLESS HILLS, Pa. -- Mesa Air Group Inc. and 12 debtor affiliates emerged from Chapter 11 after 13 months in bankruptcy. The reorganized airline has shed 100 aircraft and deleveraged its balance sheet in the approximate amount of $700 million in capitalized leases and $50 million in debt.
More news on Mesa Air's bankruptcy are in MESA AIR BANKRUPTCY NEWS, Issue No. 37 published by Bankruptcy Creditors' Service, Inc. A copy of MESA AIR BANKRUPTCY NEWS, Issue No. 37 can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA|AIR">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=MESA|AIR for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
MESA AIR BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
To continue receiving Mesa Air BANKRUPTCY NEWS, please complete the subscription form included in Issue No. 1 and return it by fax or e-mail to:
Bankruptcy Creditors' Service, Inc.
572 Fernwood Lane
Fairless Hills, PA 19030
Telephone (215) 945-7000
E-mail: peter@bankrupt.com
We have published similar newsletters tracking billion-dollar insolvency proceedings since 1990, starting with Federated Department Stores. Currently, we provide similar coverage about most billion-dollar corporate restructuring proceedings.
We also co-publish the TROUBLED COMPANY REPORTER, tracking more than 3,000 experiencing financial distress or restructuring their balance sheets in a judicial proceeding. You can request a free 30-day trial subscription to the TROUBLED COMPANY REPORTER at http://bankrupt.com/freetrial/
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