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Mesa Air Group

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Mesa Air Group (NasdaqMESA) is a holding company founded in 1982 and currently a Nevada Company with principal offices in Phoenix, Arizona. Mesa operates 180 aircraft, turboprop and regional jets, providing commuter, charter and freight service to more than 182 cities, both domestic and international.

Mesa operates code share commuter service for the following airlines:

Mesa also operates its own service under the Mesa Airlines brand, operated by Air Midwest with Beech 1900D aircraft.

As of FY2005 the Mesa Air Group with its subsidaires employs over 5,000 people.

Subsidiaries

History

In 1982 Larry Risley founded Mesa in Farmington, New Mexico with the purchase of the company's first airplane. The company expanded and grew over the next fifteen years, acquiring several competing regional air carriers in the process.

In 1990 Mesa acquired Aspen Airways, (an operator for United Express).

In 1991 Mesa acquired Air Midwest, (an operator for USAir Express).

In 1991 Mesa opened a division FloridaGulf Airlines, (an operator for USAir Express).

In 1993 Mesa acquired WestAir, (an operator for United Express).

In 1994 Mesa acquired assets of Crown Airways, and set up a new division, Liberty Express, (an operator for USAir Express).

In August of 1996, Mesa agreed to purchase 21 Bombardier CRJ-200 aircraft.

In 1997 and 1998, financial problems ended Mesa's partnership with United Airlines. Jonathan Ornstein, the company's former Executive Vice President and President of its Westair Holding, Inc. subsidiary, returned to Mesa to help the struggling carrier. His goal was to restore the confidence of Mesa's passengers, airline partners, regulatory authorities and shareholders. Under his leadership, Jonathan created a new corporate identity, inked a new six-year deal with codeshare partner America West, moved the company's headquarters from Farmington, N.M., to Phoenix, Arizona, and oversaw a comprehensive operational and financial restructuring, which paved the way for Mesa's return to profitability.

In 1999 Mesa acquired CCAir, (an operator for US Airways Express).

In June of 1999, Mesa agreed to purchase 46 Embraer ERJ-145 aircraft with an option to acquire 45 additional aircraft.

In May of 2001, Mesa agreed to purchase 15 CRJ-700 aircraft and 25 CRJ-900 aircraft. Mesa served as the launch customer for the CRJ-900. Mesa set up subsidiary Freedom Airlines to operate the larger jets.

In 2004 Mesa acquired assets of Midway Airlines, (an operator for US Airways Express).

In May of 2005, Mesa announced that subsidiary Freedom Airlines will begin operating up to 30 ERJ-145 aircraft for Delta Air Lines under the Delta Connection banner.

In September of 2005 Mesa announced it's plans to establish an independent inter-island Hawaiian airline with service expected to begin in the 1st quarter of 2006.

Fleet

Data as of June 30, 2005.

Mesa Air Group Fleet
Type Number Seats Orders/Options
Canadair CRJ-200 56 50 0/0
Canadair CRJ-700 15 64 0/601
Canadair CRJ-900 38 86 10/601
ERJ-145 36 50 0/45
Beechcraft 1900D 232 19 0/0
De Havilland Canada Dash 8 16 37 0/0

160 total options for CRJ-700/900 aircraft 2Mesa owns 11 additional B1900D aircraft subleased to other carriers

Company home page and a source for some information