…
Mesa Air Group, Inc. announced that it has reached an agreement in principle with US Airways, Inc. to extend its code share agreement covering 38 CRJ-900 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.
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 currently operates 76 aircraft with approximately 460 daily system departures to 88 cities, 34 states, the District of Columbia, Canada, and Mexico. Mesa operates as US Airways Express and United Express under contractual agreements with US Airways and United Airlines, respectively, and independently as go! Mokulele. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company was founded by Larry and Janie Risley in New Mexico in 1982.
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.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
