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Latest Mesa Air Group Inc. Stories

2010-05-17 20:41:00

PHOENIX, May 17 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA) announced today that the United States District Court for the Northern District of Georgia ruled against the Company's subsidiary Freedom Airlines in its litigation with Delta Air Lines regarding Delta's efforts to terminate an agreement covering 22 regional jet aircraft. The litigation stemmed from Delta's asserted termination of the Freedom Airlines agreement based upon flights canceled at Delta's request,...

2010-02-09 15:15:00

WOOD DALE, Ill., Feb. 9 /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR) today commented that results for the third quarter ending February 28, 2010, will be unfavorably impacted by approximately $0.10 diluted earnings per share as a result of Mesa Air Group, Inc.'s (Mesa) January 5, 2010 Chapter 11 filing under the United States Bankruptcy Code. The impact mostly reflects the Company's estimated loss on pre-petition trade accounts receivables and the reduction in the carrying value of other...

2009-11-06 18:13:00

PHOENIX, Nov. 6 /PRNewswire-FirstCall/ -- MESA AIR GROUP, INC. (Nasdaq: MESA) today announced that the timeframe for United Airlines to exercise its renewal rights with respect to extending Mesa's operation of 26 CRJ-200 aircraft under its code-share agreement with United Airlines has expired. Mesa plans to work with United Airlines on an orderly transition plan, but, in any event, the date of exit from service is expected to be no later than April 30, 2010. (Logo:...

2009-11-05 08:00:00

WOOD DALE, Ill., Nov. 5 /PRNewswire-FirstCall/ -- AAR CORP. (NYSE: AIR) announced today that it has entered into a series of related transactions with Mesa Air Group, Inc. (Mesa). AAR and Mesa amended their parts supply and maintenance agreements for Mesa's CRJ-200 and ERJ-145 aircraft fleet to provide Mesa with increased flexibility to respond to demand fluctuations in the 50-seat aircraft market. In consideration for these amendments AAR will receive a cash payment from Mesa along with...

2009-11-04 16:29:00

PHOENIX, Nov. 4 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA) (the "Company") announced today that it has reached an agreement with AAR Corp. ("AAR") in support of the Company's ongoing restructuring efforts. The parties have agreed to amend certain parts and maintenance agreements supporting the Company's CRJ200 & ERJ145 aircraft fleet and exchange Senior Convertible Notes due in 2023 ("2023 Notes") held by AAR for shares of the Company's common stock, in consideration...

2009-10-29 15:00:00

PHOENIX, Oct. 29 /PRNewswire-FirstCall/ -- MESA AIR GROUP, INC. (Nasdaq: MESA) today announced that United Airlines has exercised its early termination rights for Mesa's operation of 10 Dash-8 turboprop aircraft under Mesa's code-share agreement with United Airlines. Mesa plans to work with United Airlines on an orderly transition plan, but, in any event, the date of exit from service is expected to be no later than April 30, 2010. (Logo:...

2009-10-13 20:00:00

PHOENIX, Oct. 13 /PRNewswire-FirstCall/ -- MESA AIR GROUP, INC. (Nasdaq: MESA) today entered into agreements with Mokulele Flight Service Inc. d/b/a Mokulele Airlines and its majority shareholder to create a joint venture to provide Hawaii inter-island airline service under the go! and Mokulele brand names. Under the terms of the agreements Mesa will own 75% of the units and Mokulele shareholders will own 25%. In combination, these agreements will form Hawaii's second largest...

2009-10-05 14:28:00

PHOENIX, Oct. 5 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA) (the "Company") announced today that it has received approval from The NASDAQ Stock Market LLC of the application to transfer the listing of its common stock from The NASDAQ Global Market to The NASDAQ Capital Market. The transfer will be effective at the opening of the market on October 7, 2009. The Company's stock will continue to trade under the symbol MESA with no impact on the ability of investors to...

2009-08-20 12:49:00

PHOENIX, Aug. 20 /PRNewswire-FirstCall/ -- MESA AIR GROUP, INC. (Nasdaq: MESA) announced today that is has entered into an agreement with a major holder of its Senior Convertible Notes due 2024 (the "2024 Notes") to exchange $14.3 million in aggregate principal amount at maturity of the 2024 Notes for 13,571,428 shares of the Company's common stock, no par value. The number of shares of common stock was determined by dividing $2.85 million, which reflected the parties' agreed upon...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.