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Mesa Air Group, Inc. Announces Agreement With United Airlines to Expand
Friday May 13, 8:00 am ET Codeshare Agreement by an Additional 30 Fifty Seat Regional Jets
PHOENIX, May 13 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA - News) announced today that it has reached an agreement with United Airlines, Inc. to operate an additional thirty (30) 50-seat regional jets. These additional thirty (30) aircraft are expected to go into service within twelve (12) months and will bring the total United Express fleet for Mesa to 70 aircraft: 45 CRJ-200, 15 CRJ-700 and 10 Dash 8. Mesa also has the right to convert up to 15 CRJ-200 to CRJ-700 aircraft through April 2010. The amendment will be subject to the negotiation and execution of mutually acceptable definitive documentation.
"We are delighted that United Airlines has demonstrated confidence in Mesa and provided us this opportunity to expand our relationship," said Jonathan Ornstein, Chairman and CEO of Mesa. "Since returning to the United family, our people have worked hard to provide a high quality, reliable product to our United Express customers and we would like to thank them for their important contribution."
This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected. The Company does not intend to update these forward-looking statements prior to its next required filing with the Securities and Exchange Commission. Mesa currently operates 180 aircraft with over 1,100 daily system departures to over 168 cities, 44 states, the District of Columbia, Canada and Mexico. Mesa operates as America West Express, US Airways Express and United Express under contractual agreement with America West, US Airways and United Airlines, respectively, and independently as Mesa Airlines. The Company, which was founded by Larry and Janie Risley in New Mexico in 1982, has approximately 5,000 employees. Mesa is a member of the Regional Airline Association and Regional Aviation Partners. The Company was named 2005 Regional Airline of the Year by Air Transport World Magazine.
Friday May 13, 8:00 am ET Codeshare Agreement by an Additional 30 Fifty Seat Regional Jets
PHOENIX, May 13 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA - News) announced today that it has reached an agreement with United Airlines, Inc. to operate an additional thirty (30) 50-seat regional jets. These additional thirty (30) aircraft are expected to go into service within twelve (12) months and will bring the total United Express fleet for Mesa to 70 aircraft: 45 CRJ-200, 15 CRJ-700 and 10 Dash 8. Mesa also has the right to convert up to 15 CRJ-200 to CRJ-700 aircraft through April 2010. The amendment will be subject to the negotiation and execution of mutually acceptable definitive documentation.
"We are delighted that United Airlines has demonstrated confidence in Mesa and provided us this opportunity to expand our relationship," said Jonathan Ornstein, Chairman and CEO of Mesa. "Since returning to the United family, our people have worked hard to provide a high quality, reliable product to our United Express customers and we would like to thank them for their important contribution."
This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected. The Company does not intend to update these forward-looking statements prior to its next required filing with the Securities and Exchange Commission. Mesa currently operates 180 aircraft with over 1,100 daily system departures to over 168 cities, 44 states, the District of Columbia, Canada and Mexico. Mesa operates as America West Express, US Airways Express and United Express under contractual agreement with America West, US Airways and United Airlines, respectively, and independently as Mesa Airlines. The Company, which was founded by Larry and Janie Risley in New Mexico in 1982, has approximately 5,000 employees. Mesa is a member of the Regional Airline Association and Regional Aviation Partners. The Company was named 2005 Regional Airline of the Year by Air Transport World Magazine.
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