MESA AIR GROUP INC
For the period ended Sep 30, 2024. Filed May 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed May 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
Fleet
As of September 30, 2024, our active aircraft fleet consisted of the following:
| Average | |||||||
|---|---|---|---|---|---|---|---|
| Passenger · Flight · Cruising · Average | |||||||
| Aircraft Type | Owned | Leased | Total | Capacity | Range (miles) | Speed (mph) | Age (years) |
| E-175 Regional Jet | 18 | 37 | 55 | 70-76 | 2,100 | 530 | 8.7 |
| CRJ-900 Regional Jet | 7 | 5 | 12 | 76-79 | 1,500 | 530 | 18.2 |
| CRJ-700 Regional Jet | — | 2 | 2 | 50-70 | 1,600 | 530 | 17.4 |
| Total | 25 | 44 | 69 | ||||
Several factors impact our fleet size, including contract expirations, lease expirations, growth opportunities and opportunities to transition to an alternative airline partner. Below is a summary of our fleet by aircraft type. Our actual future fleet size and mix of aircraft types may vary materially from our current fleet size.
E-175s – As of September 30, 2024, we operated 55 E-175 aircraft under our United CPA. As part of our Amended and Restated United CPA, we agreed to extend the term of 42 of our E-175 aircraft (owned by United) for an additional five years which will now expire between 2024 and 2028, subject to United's early termination rights. United also has the right to extend the term of these aircraft for four additional three-year increments. In addition, 18 of the E-175 aircraft (owned by us) operating under our United CPA expire between January 2028 and November 2028, subject to United's early termination rights. Our United CPA permits United, subject to certain conditions, including the payment of certain costs tied to aircraft type, to terminate the United CPA in its discretion, or remove aircraft from service, by giving us 90 days’ notice.
CRJ-900s – As of September 30, 2024, we operated 12 CRJ-900 aircraft under our United CPA. Subsequent to September 30, 2024, we entered into an agreement with United which provides for the removal from CRJ-900 aircraft from the CPA.
CRJ-700s – As of September 30, 2024, our fleet included two CRJ-700 aircraft which were leased to a third party. Subsequent to September 30, 2024, we entered into an agreement with United to buy the aircraft out of their lease with the third party and to purchase them for $11.0 million.
Facilities
In addition to aircraft, we have office and maintenance facilities to support our operations. Each of our facilities are summarized in the following table:
| Type | Location | Ownership | ApproximateSquare Feet |
|---|---|---|---|
| Corporate Headquarters | Phoenix, Arizona | Leased | 33,770 |
| Training Center | Phoenix, Arizona | Leased | 23,783 |
| Parts/Stores | Phoenix, Arizona | Leased | 12,000 |
| Hangar | Phoenix, Arizona | Leased | 22,467 |
| Office, Hangar and Warehouse | El Paso, Texas | Leased | 31,292 |
| Parts Storage | Dallas, Texas | Leased | 8,143 |
| Hangar | Houston, Texas | Leased | 74,524 |
| Hangar | Louisville, Kentucky | Leased | 26,762 |
| Hangar | Dulles, Washington | Leased | 28,451 |
| Cargo Building | Dulles, Washington | Leased | 1,475 |
| Warehouse | Tucson, Arizona | Leased | 13,276 |
We believe our facilities are suitable and adequate for our current and anticipated needs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.