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Welcome to the Mesa Air Group restructuring websiteYou will find information relating to Mesa’s restructuring including press releases, answers to frequently asked questions and other important information related to the restructuring process.For Media inquiries, please contact: Brian S. Gillman EVP & General Counsel, Mesa Air Group, Inc., +1-602-685-4052 brian.gillman@mesa-air.com Investor inquiries: Investorrelations@mesa-air.com Mesa Air Group Receives Court Approval of First Day Motions
PHOENIX, Jan 07, 2010 (BUSINESS WIRE) -- MESA AIR GROUP, INC. (the "Company"), (Nasdaq:MESA), today announced that it received approval of all critical motions at its "first-day" hearing in the United States Bankruptcy Court for the Southern District of New York (the "Court") presided over by the Honorable Judge Martin Glenn. Requests included covering its obligations to employees, suppliers and customers, business operations, tax matters, cash management, fuel procurement, and case management. To ensure the Company continues to operate without interruption, the Court has approved all requests which include important motions such as the Company's requests to continue to use its current cash management systems which will support the other approved requests including the continuation of existing employee salary and benefit programs, payment of pre-petition amounts to certain critical vendors, ongoing payments to vendors and suppliers, and the continuation of all go! Mokulele customer programs. "The approval of our first day motions allows us to continue to focus on our restructuring efforts," said Jonathan Ornstein Chairman and Chief Executive of Mesa. "Our hope is to move through this process in a timely manner and this first success is the foundation upon which we will build as we eliminate excess aircraft to better match our needs and give us the flexibility to align our business to the changing regional airline marketplace." Mesa Air Group filed voluntary petitions to reorganize under Chapter 11 of the U.S Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York on January 5, 2010. The case number is 10-10018 and is being presided over by the Honorable Judge Martin Glenn. Interested parties can find updates and additional information at the Company's website at www.mesa-air.com. Imperial Capital is serving as financial advisor, and Pachulski, Stang, Ziehl & Jones LLP is serving as legal counsel to the Company and its subsidiaries in connection with the restructuring. Mesa currently operates 130 aircraft with approximately 700 daily system departures to 127 cities, 41 states, Canada, and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines and go! Mokulele. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,500 employees.
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