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- On January 11, 2024, Mesa entered into an agreement with United that significantly increases the block-hour rate under its CPA, covering the period from October 1, 2023 to December 31, 2024. The Company expects this increase will provide Mesa approximately $63.5M in incremental revenue over the next twelve months and bolster liquidity.
www.msn.com/en-us/money/companies/mesa-air-group-enters-new-agreements-with-united-airlines/ar-AA1ncmGV
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Jan 18, 2024 · PHOENIX, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced agreements with United Airlines (“United”) to amend its...
- Two New Deals
- Equity Secured
- Pathway to United
In its Q4 earnings call, seen in FlightGlobal, Mesa Air CEO Jonathan Orstein revealed details about new agreements secured with United. The first is the all-important capacity purchase agreement for the next five years. While further details were not revealed, the regional jet operator will fly up to 38 CRJ900s (60% of its total fleet, previously f...
Mesa and United also decided their financial future together, weeks after the regional carrier and American parted ways. Now operating only for United on passenger routes, the carrier is investing heavily. For starters, the Star Alliance member now owns 10% of Mesa Air, providing $41.2 million in financing and $80 million to purchase 30 spare engin...
Mesa Air has been outspoken about issues with pilot pipelines and the high barrier to entry. Thanks to the new agreements, the carrier hopes to be seen as a pathway to United, attracting talent to its operations in their early years. Given United's massive expansion in the next decade, Orstein is excited about the opportunities, saying, What do you...
Mesa Air Group (NASDAQ:MESA) announced agreements with United Airlines to amend its capacity purchase agreement and certain credit agreements between the parties.
Jan 18, 2024 · Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced agreements with United Airlines (“United”) to amend its capacity purchase agreement and certain credit agreements between the parties to significantly improve Mesa’s operating income and liquidity over the next twelve months.
Dec 19, 2022 · Mesa is finalizing a new-five-year agreement with United Airlines that would place the associated aircraft into United Express operations and compensate Mesa for the higher costs...
Jan 22, 2024 · To improve its financial outlook, Phoenix-based Mesa Air Group (Nasdaq: MESA) has set in motion a series of deals with United Airlines that should increase revenue going forward.
Mesa Air (MESA) announced agreements with United Airlines (UAL) to amend its capacity purchase agreement and certain credit agreements between the parties to significantly improve Mesa’s operating income and liquidity over the next twelve months.
