Beverly Hills 1/6/2010 1:17:31 AM
News / Business

Mesa Air Files for Chapter 11 Bankruptcy, Reducing Fleet

Finance World News Update by EQUITIES Magazine

Today, Mesa Air Group, Inc. filed for Chapter 11 bankruptcy protection. The carrier plans to shed more aircraft from its fleet but continue normal operations after failing to reach an out-of-court deal with aircraft manufacturers and other parties.

 

After making a profit for the full year in 2009, Mesa reported a net loss of $24.2 million for the nine months ended June 30.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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