Planes will be taken by MesaSee below:
Mesa Air Group Announces LOI with US Airways
for up to 55 CRJ-700 Regional Jets
Wednesday July 9, 3:20 pm ET
PHOENIX, July 9 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA - News)
announced today that it has signed a Letter of Intent (LOI) with US Airways for a
minimum of 25 and a maximum of 55 CRJ-700 70 seat regional jets. Under the LOI, the
aircraft would be provided by US Airways from its previously announced order from
Bombardier. All aircraft are expected to be put in service no later then Dec. 31, 2004.
(Logo: https://www.newscom.com/cgi-bin/prnh/19990210/LAW065 )
The LOI is subject to reaching a definitive agreement on terms and conditions between
Mesa and US Airways. The agreement with Mesa, if finalized, conforms to the 'Jets for
Jobs' provisions of the US Airways collective bargaining agreement with the Air Line
Pilots Association.
Mesa currently has 52 50-seat regional jets under contract of which 49 are currently
operating in the US Airways system under a long-term revenue guarantee agreement.
The remaining three aircraft are scheduled to be delivered this year.
"Regional jets are a critical piece of the US Airways restructuring strategy," said
Jonathan Ornstein, Mesa's Chairman and CEO. "We are delighted to have the
opportunity to significantly expand this important part our operation. We would like to
thank our employees and employee leaders for their hard work and vision which has
made this possible."
Mesa currently operates 141 aircraft with 1,042 daily system departures to 162 cities,
43 states, Canada and Mexico and the Bahamas. It operates in the West and Midwest
as America West Express; the Midwest and East as US Airways Express; in Denver as
Frontier JetExpress and, commencing July 6, United Express; in Kansas City with
Midwest Express and in New Mexico and Texas as Mesa Airlines. The Company, which
was founded in New Mexico in 1982, has approximately 3,300 employees. Mesa is a
member of the Regional Airline Association and Regional Aviation Partners.
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.