Mesa Air Group, Inc. (Mesa Airlines) (Phoenix), the number one on-time regional airline in 2010 and 2011, announces its number one rank among US regional airlines for on-time arrivals in March 2012, as reported by US Department of Transportation (DOT), Bureau of Transportation Statistics in the Air Travel Consumer Report,the industry recognized measure of performance. Mesa’s operational performance has ranked it as the number one On-time Regional Airline every month since April 2010, and the latest award reinforces Mesa’s continued commitment to serve our Code Share Partners and passengers with safe, reliable on-time air transportation. In addition to continuing its status as the number one on-time regional airline, Mesa was ranked first among regional carriers with the fewest mishandled bags and was ranked first among all airlines for having the fewest complaints per 100,000 passengers carried.
The airline’s accomplishment is especially impressive given the airline’s footprint of service in 34 states nationwide, including significant service at four of the nation’s five busiest airports. Mesa Airlines operates as US Airways Express and United Express under contractual agreements with US Airways and United Airlines, respectively, and independently as go!, a Low Fare airline which is about to enter its 6th year of offering low fares to visitors and residents of Hawai’i as the second largest inter-island airline based on passengers carried.
With these announcements about its on-time performance, Mesa is building its case for reliability.
Mesa Airlines (Mesa Air Group) (Phoenix) which won the number one on-time regional airline award in 2010 and 2011, obtained the number one rank among U.S. regional airlines for on-time arrivals in January 2012, according to the U.S. Department of Transportation Air Travel Consumer Report, the industry recognized measure of performance. In addition to being ranked first among regional airlines for on-time arrivals, Mesa was ranked first among regional airlines for fewest mishandled bags and first among all air carriers for fewest complaints per 100,000 passengers – the “Triple Crown” of operational performance. This recognition and the company’s strong operational performance reflect Mesa’s continued commitment to its Code Share Partners and Passengers.
Mesa Airlines currently operates 77 aircraft with over 395 daily system departures to 87 cities, 33 states, Mexico and the District of Columbia. Mesa operates as US Airways Express and United Express under contractual agreements with US Airways and United Airlines, respectively, and independently as go!. In June 2006, Mesa launched inter-island Hawai’i service as go! and in October 2009 formed a joint-venture with Mokulele Airlines. The go! Mokulele operation links Honolulu to the neighbor island airports of Hilo, Kona, Kahului, Ho’olehua, Lana’i and Lihu’e.
Copyright Photo: Brian McDonough.
United Express-Mesa Airlines High-Res Slide Show: CLICK HERE
Mesa Air Group (Phoenix) as expected, yesterday (March 1) emerged from Chapter 11 bankruptcy protection.
Mesa Air Group’s Plan of Reorganization became effective on March 1, allowing the company to emerge from its reorganization under Chapter 11 of the U.S. Bankruptcy Code. Mesa and its related subsidiaries entered bankruptcy protection on January 5, 2010 and Mesa’s exit from bankruptcy protection in 13 months places it among the fastest reorganizations in aviation history.
The Company’s restructuring accomplishments included:
Elimination of 100 excess aircraft and associated leases and debt which contributed to the deleveraging of Mesa’s balance sheet in the approximate amount of $700 million in capitalized leases and $50 million in debt;
Restructuring of aircraft leases and financings for Mesa’s remaining CRJ200 and DHC-8 fleets resulting in flexibility, no long term lease exposure and lower costs on the CRJ200 50-seat regional jet aircraft;
Emerging as a private company that will issue four new series of notes, shares of common stock, and/or warrants to purchase shares of its common stock to its creditors in exchange for their claims in the Chapter 11 proceedings;
Extending the term of the code-share agreement with US Airways through September 2015.
Copyright Photo: Bruce Drum. Please click on the photo for additional information about the United Express-Mesa operation.
United Airlines (including Continental Airlines) North American Route Map (includes United Express routes): CLICK HERE
US Airways (Phoenix) and the Mesa Air Group, Inc. (Phoenix) have announced they have reached an agreement in principle to extend their code share agreement covering 38 Bombardier CRJ900 aircraft for an additional term of 39 months to September 2015. Under the term sheet, Mesa Airlines, Inc., a wholly owned subsidiary of Mesa Air Group, will continue to provide regional jet service under the US Airways Express banner. The agreement is subject to approval by Mesa’s and US Airways Boards of Directors and the Bankruptcy Court overseeing Mesa’s restructuring.
Copyright Photo: Bruce Drum. Please click on photo for more background information.
Under the agreement Mesa will continue to provide US Airways Express service out of US Airways’ hubs in Phoenix, AZ and Charlotte, NC utilizing aircraft in Mesa’s current fleet.
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.
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.