SAN FRANCISCO -- Mesaba Airlines, a subsidiary of MAIR Holdings Inc., said a bankruptcy court confirmed the airline's plan of reorganization.
The plan implements a stock purchase and reorganization agreement with Northwest Airlines Corp., under which Minneapolis-based Mesaba would become a subsidiary of Eagan, Minn.-based Northwest.
Mesaba plans to exit Chapter 11 bankruptcy protection in the final week of April, when the plan becomes effective and the acquisition by Northwest will close.
