ADVERTISEMENT

ADVERTISEMENT

Mesaba-Bankruptcy 04-24

Mesaba a Northwest subsidiary

EAGAN, Minn. — Mesaba Airlines became a wholly owned subsidiary of Northwest Airlines Corp. on Tuesday after emerging from Chapter 11 bankruptcy protection, the two carriers announced.

Mesaba Aviation Inc., which has operated as a feeder airline with Northwest as its only customer, filed for bankruptcy protection Oct. 13, 2005. The New York judge overseeing Northwest’s bankruptcy agreed in February that Northwest could acquire the smaller airline from MAIR Holdings Inc. in exchange for a $145 million unsecured claim in Northwest’s bankruptcy case.

Northwest, which filed for bankruptcy protection in 2005, has said it expects to emerge from Chapter 11 by the end of June.

What To Read Next
Fundraising is underway to move the giant ball of twine from the Highland, Wisconsin, home of creator James Frank Kotera, who died last month at age 75, 44 years after starting the big ball.