MAIR shareholders say 'yes' to company's liquidation plan

By Lisa Kerner

Charlotte, N.C., June 27 - MAIR Holdings, Inc. shareholders approved the company's dissolution and plan of liquidation, it was announced on Friday.

As a result, MAIR said it will proceed with the process of formally dissolving under Minnesota law and file a notice to delist its stock from the Nasdaq Stock Market.

The last day of trading for MAIR stock is expected to be July 7, which is also the record date for liquidating distributions made to shareholders, a company news release said.

MAIR is reviewing the timing of an interim distribution as the company winds up its business and prepares to liquidate the assets of its subsidiary, Big Sky Airlines.

Big Sky ceased all operations in March, it was previously reported.

Minneapolis-based MAIR operates as a holding company that offers regional air carrier services.

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