Category Archives: Mesa Air Group

Mesa Air Group proposes to make US Airways a part owner

US Airways Express-Mesa Airlines Bombardier CRJ900 (CL-600-2D24) N919FJ (msn 15019) CLT (Bruce Drum), originally uploaded by Airliners Gallery.

Mesa Air Group (Phoenix) is proposing to issue 10 percent of its post-bankruptcy stock to US Airways in exchange for a new US Airways Express contract under its restructuring plan filed September 17 in the U.S. Bankruptcy Court in New York.

Read the full report from Bloomberg Businessweek:

CLICK HERE

Copyright Photo: Bruce Drum. Mesa’s Bombardier CRJ900 (CL-600-2D24) N919FJ (msn 15019) taxies to the runway at Charlotte.

Mesa Air Group will have to shrink in order to survive

Mesa Air Group (Phoenix) is reorganizing its company in Chapter 11 in order to reduce its costs. This will probably include downsizing and the loss of jobs. This article by the Arizona Republic examines in detail all of the issues facing the company.

Read the article:

CLICK HERE

Mesa Air Group files for Chapter 11 bankruptcy reorganization

Mesa Air Group (Phoenix) this morning (January 5) filed for Chapter 11 bankruptcy protection and reorganization. Mesa requested and received court approval to continue to operate its 700 daily flights. Mesa Airlines operates under contract as a Delta Connection, United Express and US Airways Express carrier with 130 aircraft.

Press release:

http://finance.yahoo.com/news/Mesa-Air-Group-Commences-bw-3392665865.html?x=0&.v=1

The filing does not impact the new go! Mokulele joint venture.

Press release:

finance.yahoo.com/news/go-Mokulele-Not-Included-in-bw-1865095162.html?x=0&.v=1

Go! adds Mokulele titles to its CRJ200 fleet

Copyright Photo: Ivan K. Nishimura. Bombardier CRJ200 (CL-600-2B19) N77278 (msn 7278) is pictured at Honolulu in the more subdued 2008 livery with the new joint titles.

Go! (iflygo.com) (Mesa Air Group) (Honolulu) is adding Mokulele titles to its Bombardier CRJ200 (CL-600-2B19) fleet.

As previously reported, last month Mesa Air Group and Republic Airways Holdings merged their competing subsidiaries, go! and Mokulele Airlines into a joint venture called go! Mokulele. Mesa’s 50-seat CRJ200s continued to operate inter-island services, supplemented by Mokulele’s Cessna 208B Grand Caravan turboprop aircraft. Shuttle America’s Embraer ERJ 170s, operated on behalf of Mokulele Airlines, were removed from Hawaii service. Mesa maintains a 75 percent share in the joint venture, with Republic holding the remaining 25 percent.

Republic to pull ERJ 170s out of Hawaii

Copyright Photo: Sun Valley Aviation. Please click on photo for full view, information and other photos.

Republic Airways Holdings (Indianapolis) has answered our question of what they would do with the three Shuttle America (Indianapolis) Embraer ERJ 170s operating for subsidiary Mokulele Airlines in Hawaii. The holding company yesterday (October 13) announced that it had reached an agreement with Mesa Air Group (Phoenix) to form a joint venture (JV) to combine the jet routes currently flown by both Mesa (go!) and Republic (Mokulele). Under the agreement, Embraer ERJ 170 routes currently operated by Shuttle America (Republic Airways) will be transitioned to jet service provided by go! (Mesa Air Group). The three ERJ 170s will be returned to the mainland by November and will be operated in Republic Airways’ branded network (probably for either Frontier or Midwest).

Under the terms of the JV agreement, Mokulele shareholders will contribute their ownership of Mokulele to the JV and will own 25 percent of the new unnamed venture. Additionally, current Mokulele shareholders will be obligated to fund up to $1.5 million to capitalize the JV. Republic, which is the majority shareholder of Mokulele, will forgive Mokulele’s $3.1 million outstanding debt to Republic, net of surrendered aircraft deposits.

Here is the full press release from Republic Airways Holdings:

finance.yahoo.com/news/Republic-Airways-Forms-Joint-bw-794256419.html?x=0&.v=1

The press release by the Mesa Air Group states both the go! and Mokulele Airlines brands will continue under the JV. Therefore both airlines will continue to operate under their brands although it unclear what aircraft Mokulele Airlines will operate.

finance.yahoo.com/news/Mesa-Announces-Joint-Venture-prnews-1012591534.html?x=0&.v=1

Mesa Air Group reports $1.7 m 3Q net profit

Copyright Photo: Bruce Drum. Please click on photo for full view, information and other photos.

Mesa Air Group (Phoenix) reported a fiscal third quarter net profit of $1.7 million.

Press release:

finance.yahoo.com/news/Mesa-Air-Group-Reports-Third-prnews-1336145113.html?x=0&.v=1

Mesa Air Group wins its appeal against Delta

News link:

www.bloomberg.com/apps/news?pid=20601087&sid=aBZsgz_C4k3I

go! will thankfully not become Aloha (2nd)

go! (subsidiary of Mesa Air Group) (Honolulu) will not become the second version of Aloha Airlines. A U.S. bankruptcy judge (Lloyd King) denied the recommendation of the Aloha Airlines (1st) (Honolulu) bankruptcy trustee to sell the name to investment company Yucaipa. Yucaipa was intending to license the use of the “Aloha Airlines” name to Mesa Air Group in order for its go! subsidiary to be renamed. Unions representing the former employees of Aloha objected to the transfer. The judge cited Mesa’s strategy of forcing the original Aloha out of business as a major reason for the denial.

Meanwhile go! lost $2.1 million in the quarter ending on March 31, 2009. How long will Mesa stay in the Hawaiian market?

Mesa Air Group ends Mokulele relationship

Island Air is the new partner for go! (Mesa Air Group). Island Air’s Bombardier DHC-8-103 N809WP (msn 32) stops at Kuanakakai on Molokai. Copyright Photo: Andy Jung.

Mesa Air Group (Phoenix) has elected to prematurely end its relationship with go!Express partner Mokulele Airlines (Kailua-Kona). Effective March 25, Mesa’s go! Hawaiian inter-island subsidiary will code share with Island Air (Honolulu) for feeder traffic. Republic Airways recently announced its intention to increase its share in Mokulele Airlines. The two parties are now squaring off as competitors.