• Most Popular
  • Most Shared

UPDATE 1-Mesa Air restructures some senior notes

Thu Jan 22, 2009 2:27pm EST

Stocks

   

(Adds CEO quote, share price)

CHICAGO, Jan 22 (Reuters) - Struggling U.S. airline Mesa Air Group (MESA.O) on Thursday said it has restructured some of its senior convertible notes due 2023 and 2024.

The new terms waive the Jan. 31, 2009 put right for $15.6 million in aggregate principal amount at maturity of the 2023 notes.

"We are continuing to negotiate with certain of the remaining holders regarding restructuring such obligations," said Chief Executive Jonathan Ornstein.

Shares of Mesa were down 0.06 percent at 16 cents on Nasdaq. (Reporting by Kyle Peterson; Editing by Tom Hals)



More from Reuters

No deaths in Jamaica American Airlines accident

MIAMI (Reuters) - An American Airlines Boeing 737 overshot the runway while landing in driving rain at the international airport in Kingston, Jamaica on Tuesday night, but the company said there were no fatalities or serious injuries.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article 

Housing Market