UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 13, 2009
Mesa Air Group, Inc.
410 North 44th Street, Suite 700
(Exact name of registrant as specified in its charter)
Phoenix, Arizona 85008
(Address of principal executive offices including zip code)
(602) 685-4000
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement. On October 13, 2009, Mesa Air Group, Inc. (the "Company") issued a press release announcing that it had entered into
agreements with Mokulele Flight Services Inc. d/b/a/ Mokulele Airlines and its majority shareholder, Republic Airways Holdings Inc,. to create
a joint venture to provide Hawaii inter-island airline service under the go! and Mokulele brand names. Under the terms of the agreements, the Company will own 75% of the joint venture and the Mokulele shareholders will own the remaining
25%. Both parties have agreed to make initial cash contributions totaling $1 million, with total required cash contributions of up to $6 million.
Concurrently with the execution of the joint venture agreement, the joint venture entity also has entered into a Services Agreement with the
Company pursuant to which the Company will be responsible for operating the inter-island service on behalf of the joint venture and will be
entitled to be reimbursed for all of its costs and expenses of such operations. The press release is filed herewith as Exhibit 99.1 and is incorporated b reference herein. Item 9.01 Financial Statements and Exhibits
|
Exhibit No. |
Description |
|
99.1 |
Press release, dated October 13, 2009 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| MESA AIR GROUP, INC. |
Date: October 15, 2009
| By: /s/ BRIAN S. GILLMAN |
|
| |
| Name: BRIAN S. GILLMAN | |
| Title: Executive Vice President and General Counsel |
EXHIBIT INDEX
|
Exhibit No. |
Description |
|
99.1 |
Press release, dated October 13, 2009 Also provided in PDF format as a courtesy. |
Exhibit 99.1
|
Mesa Announces Joint Venture Between go! and Mokulele |
PHOENIX, Oct. 13 /PRNewswire-FirstCall/ -- MESA AIR GROUP, INC. (Nasdaq: MESA) today entered into agreements with Mokulele Flight Service Inc. d/b/a Mokulele Airlines and its majority shareholder to create a joint venture to provide Hawaii inter-island airline service under the go! and Mokulele brand names. Under the terms of the agreements Mesa will own 75% of the units and Mokulele shareholders will own 25%. In combination, these agreements will form Hawaii's second largest inter-island airline and Hawaii's only low cost carrier, ensuring a strong competitive presence in the inter-island market for the benefit of consumers. Routes currently served by Mokulele partner Shuttle America will be operated by Mesa Airlines d/b/a go!. Passengers will continue to book reservations on both go! (visit
www.iflygo.com) and Mokulele (visit www.mokulele.com), check in for jet services at the newly co-branded go! Mokulele ticket counters and will have the added benefit of seamless travel to the destinations served by both airlines. Existing reservations booked with both go! and Mokulele will be honored.(Logo:
http://www.newscom.com/cgi-bin/prnh/19990210/LAW065)Mesa Air Group Chairman and CEO, Jonathan Ornstein said, "We are delighted and privileged to launch this joint venture and build upon go!'s strong reputation as Hawaii's only low cost provider of inter-island service. This strategic alliance in partnership with Mokulele is a first among regional airlines and will provide a tremendous platform for the future growth of the go! and Mokulele brands. We look forward to making a positive contribution to the development of this joint venture and to forging a strong, long-term relationship with our friends at Mokulele and Republic."
Mokulele CEO Scott Durgin said, "The partnership announced today is an exciting and positive step for Mokulele and its passengers. We look forward to working with our new partners at go! and are confident that Mokulele and go! will continue to meet and exceed our passengers' expectations. This combination will ensure that the Hawaii inter-island market is served by a strong competitor offering continued low fares to the traveling public and in particular our loyal ohana."
Mesa currently operates 136 aircraft with approximately 800 daily system departures to 126 cities, 40 states, the District of Columbia, 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!. In June 2006 Mesa launched inter-island Hawaiian service as go!. 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 3,700 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005.
Mesa Website:
www.mesa-air.comSOURCE Mesa Air Group, Inc.
Brian Gillman, Exec. VP & General Counsel of Mesa Air Group, Inc., +1-602-685-4052, brian.gillman@mesa-air.com