Mesaba obtains bridge extension to exclusive plan filing, solicitation periods

By Caroline Salls

Pittsburgh, July 28 - Mesaba Aviation, Inc. obtained a bridge extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Minnesota.

In full, the company wants to extend the exclusive plan filing period to Feb. 12, 2007 from Aug. 10 and the solicitation period to April 12, 2007 from Oct. 9.

Since the hearing on the exclusivity extension cannot be held until at least Aug. 15, the company requested a 15-day bridge extension.

As a result, the plan-filing period was extended to Aug. 25, and the solicitation period to Oct. 24.

According to the motion, "It is critical that Mesaba be permitted the time necessary, consistent with the interests of its estate, to establish its revenue base, reduce costs and restructure operations in order to maximize the value of its estate and assure a successful emergence from Chapter 11 as an airline competitive in this restructured industry."

Mesaba, an Eagan, Minn.-based Northwest Airlines affiliate, filed for bankruptcy on Oct. 13, 2005. Its Chapter 11 case number is 05-39258.

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