Air Transport World

Mesa Air files reorganization plan.(RegionalNews)

Mesa Air Group's proposed Chapter 11 reorganization plan would see unsecured creditors receive most of the stock in the reorganized company while US Airways Group would receive a 10% stake.

The plan, filed on Sept. 17, gives "unsecured creditors with claims totaling $2.05 billion a note for $50 million plus all of the new stock except shares reserved for management and the 10% earmarked for US Airways," according to Bloomberg. …

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