Posted On: February 1, 2010

Mesa Air Files Bankruptcy

A Sacramento bankruptcy attorney comments on the Mesa Air Chapter 11 filing...

On January 5, 2010, Mesa Air Group, Inc. filed for Chapter 11 bankruptcy protection. The company was founded in 1982 and is based in Phoenix, serving 127 cities in 41 states in North America. At the time of filing, it listed assets totaling approximately $975 million and debts of almost $869 million owed to as many as 10,000 creditors. Mesa Air was forced to seek bankruptcy protection after private negotiations with aircraft manufacturers and other parties broke down.
Due to its current financial crisis, Mesa Air has already parked 52 plans and has plans to eliminate another 25 from its fleet by May. Chairman and Chief Executive of Mesa Air stated that the airline’s primary purpose in filing for bankruptcy protection was so that it could break leases on some of the 130 aircraft in its fleet that it no longer needs. While the airline used to be considered one of the most innovative regional carriers, in recent years it has been weighed down by legal disputes and an unsuccessful joint venture in China.

The company will continue to operate through the restructuring, which was filed by Mesa for itself as well as 11 affiliated companies. Mesa’s Hawaiian joint venture was not include in the filing and will continue full operations. The company has long stated that it may seek Chapter 11 protection and is hoping by doing so will help to speed the settlement of a lawsuit with Delta, in which Mesa is seeking more than $70 million in damages. The lawsuit arose when Delta sought to terminate a contract before it ended in 2008.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento!

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