Bankruptcy Update: Frontier, Mesa, Linens, Small Toys

Here are some of the latest bankruptcy stories our reporters have been covering Friday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.

Teamsters, Frontier reach pact
The International Brotherhood of Teamsters has reached a tentative agreement with Frontier Airlines Holdings Inc. for temporary wage and benefits concessions for 425 unionized workers employed by the bankrupt airline. - Carolyn Okomo

Mesa scores court victory
Troubled regional carrier Mesa Air Group Inc. won a preliminary injunction preventing Delta Air Lines Inc. from terminating a flying contract, at least temporarily dodging a potential bankruptcy filing. The Phoenix-based airline, which through various subsidiaries fly small jets for Delta, UAL Corp.'s United Airlines Inc. and US Airways Group Inc., is in a dispute with Delta over the Atlanta-based airline's March decision to pull out of their partnership. - Lou Whiteman

Small Toys set to wind down
Nearly eight months after selling its assets to private equity firm Rivenrock Capital LLC, Small World Toys Inc. has converted to a Chapter 7 liquidation. - Ben Fidler

Linens auction closes
Tiger Capital Group LLC and SB Capital Group LLC won the auction to hold liquidation sales at 120 Linens 'n Things Inc. stores after bidding $121.6 million. - Jamie Mason

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