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Practices

Mesa Air Group

The firm represented the regional air carrier Mesa Air Group and its affiliated companies in their chapter 11 cases pending in the Southern District of New York. The firm was able to rationalize Mesa’s fleet by shedding approximately 100 unnecessary aircraft and reducing the air carrier’s fleet to approximately 75 aircraft. The firm also negotiated the restructuring and extension of Mesa’s code-share operating agreement with U.S. Airways. Over $2.5 billion in unsecured claims were restructured in exchange for $45 million in new notes and 80% of the equity in the reorganized air carrier. Mesa Air Group’s reorganization was effectuated through a plan of reorganization that was confirmed in January 2011 approximately one year after the cases were commenced.