Northwest Airlines Corporation (Pink Sheet:NWACQ) announced that
Mesaba Airlines, which today emerged from Chapter 11 bankruptcy
protection, has been acquired by Northwest Airlines. Mesaba, which
becomes a wholly-owned subsidiary, operates a fleet of 50 regional
aircraft under the Northwest Airlink banner.
"Mesaba Airlines has served our customers for more than 22 years
and today, Northwest is pleased to strengthen this long-standing
relationship," said Doug Steenland, president and chief executive
officer, Northwest Airlines. "The acquisition of Mesaba by Northwest
ensures that our passengers will continue to enjoy conveniently-timed
flights that connect to the Northwest global network through our three
domestic hubs at Detroit, Minneapolis/St. Paul and Memphis."
"We are pleased to have completed the restructuring process and to
become a member of the Northwest Airlines' family," said John
Spanjers, president and chief operating officer, Mesaba Airlines. "A
great deal of thanks goes to the employees of Mesaba who remained
committed and worked extremely hard during the restructuring process
to position Mesaba for long-term success. The support of Northwest
Airlines will further enable us to accomplish this goal."
Mesaba filed for Chapter 11 bankruptcy protection on October 13,
2005. Northwest acquired Mesaba after that airline was successfully
restructured under the guidance of the U.S. Bankruptcy Court for the
District of Minnesota and Mesaba's Official Committee of Unsecured
Creditors (OCUC).
Mesaba, a wholly-owned subsidiary of Northwest Airlines, operates
as a Northwest Airlink partner under service agreements with Northwest
Airlines. The airline serves 72 cities in the United States and Canada
from Northwest's three major hubs: Detroit, Minneapolis/St. Paul and
Memphis. Mesaba operates an advanced fleet of regional jet and
jet-prop aircraft, consisting of the 34 passenger Saab SF340 and the
50-passenger Canadair Regional jet. As previously announced, Mesaba
will begin operating the first of 36 76-passenger Bombardier CRJ900
regional jet aircraft in the coming months. Mesaba's Web site can be
found at www.mesaba.com.
Northwest Airlines is one of the world's largest airlines with
hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam,
and approximately 1,400 daily departures. Northwest is a member of
SkyTeam, an airline alliance that offers customers one of the world's
most extensive global networks. Northwest and its travel partners
serve more than 900 cities in excess of 160 countries on six
continents.
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