eolesen
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- Jul 23, 2003
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Interesting to note that this has gone all day without comment...
Judge Kishel appears to have been on the bench since the 1980's, so he's obviously corrupt as that means he was nominated by either Reagan or Bush I.
MAIR Holdings Unit Mesaba Airlines Receives Preliminary Injunction To Prevent Strike From US Bankruptcy Court - Update
Tuesday, October 24, 2006; Posted: 02:13 AM
Early Tuesday, Northwest Jet Airlink Mesaba Airlines, unit of MAIR Holdings Inc., a holding company, which offers regional air carrier services, revealed that its request for preliminary injunction to prevent a threatened strike was granted by honorable Gregory Kishel of the United States Bankruptcy Court for the District of Minnesota. The company noted that the strike from flight attendants, represented by the Association of Flight Attendants or AFA, the Airline Pilots Association or ALPA and mechanics, represented by the Aircraft Mechanics Fraternal Association or AMFA.
John Spanjers, president and chief operating officer said, "At the same time, we will continue our efforts to negotiate consensual agreements with our mechanics, pilots and flight attendants. We have worked diligently to address the unions' concerns and are hopeful they will come forward now and address the company's needs." He further, added that he expects to accomplish the goal before it becomes necessary to impose terms on October 26.
The company noted that in the event, it would impose terms about its plans to continue negotiations in order to find a solution that ensures the company is positioned to emerge successfully from bankruptcy and that works for employees on October 24. Judge Kishel's decision to grant the injunction would allow customers to continue their travel plans on Mesaba Airlines with assurance, that they would reach their destination safely. The company noted that the ruling would not impact its operations or its obligations to Northwest or to its passengers.
Further, the company noted that it agreed permanent wage and benefit reduction deals with the Transport Workers Union or TWU. The company added that, it must achieve labor cost savings either through tentative agreements or imposition of new terms to access its debtor-in-possession or DIP financing loan with Marathon Asset Management. According to the company, DIP loan is essential to fund its daily operations and to help restructure its business.
MAIR closed Monday's regular trading session at $5.53, down $0.02 or 0.36%.
Judge Kishel appears to have been on the bench since the 1980's, so he's obviously corrupt as that means he was nominated by either Reagan or Bush I.