Originally Posted by dashrash

PHOENIX – The U.S. Bankruptcy Court for the Southern District of New York today approved Mesa Air Group’s Plan of Reorganization, clearing the way for the airline’s emergence from Chapter 11. . . .

Eliminated over 100 unnecessary aircraft leases . . .

Restructured aircraft leases and financings . . .

Mesa will emerge as a private company and issue new notes, common stock, and warrants to its creditors. . . .