Mesa Files For Bankruptcy

THE PHOENIX-based Mesa Air Group (MAG) has filed for Chapter 11 bankruptcy protection in a US court in New York, saying the process is needed for it to become a “leaner” entity able to compete in the future.  In a statement it added that it “will continue to operate as normal, without interruption” during the restructuring.  “After careful consideration, the company determined that a Chapter 11 filing provided the most effective and efficient means to restructure with minimal impact on the business and our customers,” Chairman and CEO Jonathan Ornstein said.  “This process will allow us to eliminate excess aircraft to better match our needs and give us the flexibility to align our business to the changing regional airline marketplace.”
The regional operator declared that 52 of its 130 aircraft are ‘parked’ and that it needs to retire an additional 25.  MAG operates independently as Mesa Airlines but the bulk of its operations involves codesharing flights with major partners Delta Air Lines, US Airways and United Airlines.  However, its go!-Mokulele Hawaiian joint venture with Mokulele Airlines is not included in the bankruptcy filing and will continue to run a full flight schedule.