Originally Posted by winglet

pilotrob23,

This is just the reorganization plan. There are many more hurdles to jump before the final decree (objections, acceptance, discharge, modifications, etc.).

A few things to consider:

This plan places six creditor selected directors on the nine member MAG BOD and allows US Airways at least a 10% stake on top of what influence they may already possess. The current MAG management will not have the absolute power they once enjoyed. If this plan or anything like it is approved, then the reorganized MAG will be a very different company.

Then, on top of all that, there still exists the possibility of a post-restructure merger/acquisition scenario.

Stay tuned and good luck,

winglet