Mesa Air Group Signs Letter of Intent to Lease an Additional 737-400F Cargo Aircraft

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) announced a letter of intent to lease a third Boeing 737-400F cargo aircraft, expected to be operational by May 2021. This expansion in the cargo fleet aims to enhance service for DHL and provide pilots with more career opportunities. Currently, Mesa operates two 737-400F aircraft for DHL, highlighting its commitment to growing its cargo operations. The company serves 114 cities across 39 states and other regions, operating approximately 393 daily departures as of January 31, 2021.

Positive

• Leasing a third Boeing 737-400F cargo aircraft, enhancing cargo operations.
• Increased career advancement opportunities for Mesa pilots.

Negative

• None.

PHOENIX, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today announced it signed a letter of intent to lease an additional Boeing 737-400F cargo aircraft currently planned to be available in May 2021. The company currently operates two 737-400F aircraft for DHL.

“This 737-400F will be a great addition to the cargo fleet. The investment in a third 737 aircraft demonstrates our focus on cargo operations and our commitment to DHL,” said Brad Rich, Chief Operating Officer. “This aircraft will provide Mesa pilots with additional career advancement opportunities and provide flexibility to better meet the demands of the current cargo environment.”

About Mesa Air Group, Inc.

Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. is the holding company of Mesa Airlines, a regional air carrier providing scheduled passenger service to 114 cities in 39 states, the District of Columbia, the Bahamas, Canada, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of January 31st, 2021, Mesa operated approximately 393 daily departures. Mesa operates all of its flights as either American Eagle, United Express, or DHL Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc., United Airlines, Inc., and DHL.

Investor Relations
Brian Gillman
Investor.Relations@mesa-air.com

Media
Megan Bilbao
Media@mesa-air.com

FAQ

What recent development has Mesa Air Group announced regarding its cargo operations?

Mesa Air Group announced a letter of intent to lease an additional Boeing 737-400F cargo aircraft, planned for May 2021.

How many 737-400F aircraft does Mesa currently operate?

Mesa currently operates two 737-400F aircraft for DHL.

What is the impact of the new Boeing 737-400F aircraft on Mesa's operations?

The new aircraft will enhance Mesa's cargo fleet and provide greater flexibility to meet current demands.

When is the new aircraft expected to be operational?

The new Boeing 737-400F is expected to be available in May 2021.

What cities does Mesa Air Group serve?

Mesa Air Group provides scheduled passenger services to 114 cities across 39 states and beyond.