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FAIRBROOK LEASING v. MESABA AVIATION, INC.

No. 04-2640.

408 F.3d 460 (2005)

FAIRBROOK LEASING, INC., a Delaware corporation; Lambert Leasing, Inc., a Delaware corporation; Swedish Aircraft Holdings AR, a Swedish corporation, Appellees, v. MESABA AVIATION, INC., a Minnesota corporation, Appellant.

United States Court of Appeals, Eighth Circuit.

Filed: May 19, 2005.

Attorney(s) appearing for the Case

Jeffrey A. Eyres, argued, Minneapolis, MN, for appellant.

Thomas H. Boyd, argued, Minneapolis, MN (Brooks F. Poley, Minneapolis, MN, on the brief), for appellee.

Before SMITH, HEANEY, and COLLOTON, Circuit Judges.

HEANEY, Circuit Judge.

Appellees Fairbrook Leasing, Inc. (FLI), Lambert Leasing, Inc., and Swedish Aircraft Holdings AR (collectively the Lessors) brought this declaratory judgment action against Appellant, Mesaba Aviation, Inc. (Mesaba). The Lessors sought a declaration that a March 7, 1996 Term Sheet Proposal (Term Sheet) constituted a binding contract that required Mesaba to execute long-term aircraft leases within a 72- to 96-month range. The Lessors also requested...

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