U.S. Bankruptcy Court Ruling Blocks Job Actions by Mesaba Airlines' Workers.MINNEAPOLIS & ST. PAUL, Minn. -- Mesaba Airlines, a subsidiary company of MAIR Holdings (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MAIR MAIR Malfunction/Accident/Incident Report MAIR Motion Adaptive Intra Refresh (MPEG) ), said today that the Honorable Gregory Kishel of the United States Bankruptcy Court for the District of Minnesota granted the company's request for a preliminary injunction to prevent a threatened strike or work action by the company's flight attendants, represented by the Association of Flight Attendants The Association of Flight Attendants (commonly known as AFA) is a union representing flight attendants in the United States. AFA represents 55,000 flight attendants at 20 airlines, making it the world's largest flight attendant union. (AFA AFA In currencies, this is the abbreviation for the Afghanistan Afghani. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), pilots, represented by the Airline Pilots Association (ALPA ALPA abbr. Air Line Pilots Association ) and/or mechanics, represented by the Aircraft Mechanics Fraternal Association The Aircraft Mechanics Fraternal Association (AMFA) is an independent union that represents aircraft maintenance employees of commercial airlines in the United States. AMFA is committed to the principles of craft unionism, in that it seeks to represent only airline mechanics and (AMFA). "Judge Kishel's decision to grant Mesaba the injunction allows our customers to continue their travel plans on Mesaba Airlines with assurance, knowing we will get them to where they're going reliably," said John Spanjers, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "At the same time, we will continue our efforts to negotiate consensual agreements with our mechanics, pilots and flight attendants. We hope to accomplish that goal yet this week before it becomes necessary to impose terms on Thursday, October 26. We have worked diligently to address the unions' concerns and are hopeful they will come forward now and address the company's needs." In the event the company must impose terms on Thursday, October 26, it 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. "We recognize the valuable contributions of our employees and that consensual agreements are in the best interest of everyone involved here," Spanjers said. Mesaba has reached agreements on permanent wage and benefit reduction agreements with the Transport Workers Union Transport Workers Union may refer to:
In order to access Mesaba's debtor-in-possession (DIP) financing loan with Marathon Asset Management, the company must achieve labor cost savings either through tentative agreements or imposition of new terms. The DIP loan is essential to fund Mesaba's daily operations and to help restructure its business. Mesaba operates as a Northwest Jet Airlink and Airlink partner under service agreements with Northwest Airlines. The airline serves 88 cities in the United States and Canada from Northwest's and Mesaba Aviation's three major hubs: Detroit, Minneapolis/St. Paul, and Memphis. Mesaba Aviation operates an advanced fleet of regional jet and jet-prop aircraft, consisting of the 69-passenger Avro RJ85, the 34 passenger Saab SF340, and the 50-passenger Canadair Regional Jet. Mesaba filed for Chapter 11 bankruptcy protection on October 13, 2005, and continues to operate as a debtor-in-possession. Mesaba maintains a web site at www.mesaba.com. Mesaba Airlines is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of MAIR Holdings, Inc. MAIR Holdings, Inc. is traded under the symbol MAIR on the NASDAQ National Market. More information about Mesaba Airlines is available on the Internet at: http://www.mesaba.com. |
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