Mesa Provides Update on RASPRO Surplus CRJ Asset Transactions
Mesa Air Group, Inc. (MESA)
Last mesa air group, inc. earnings: 2/10 04:02 pm
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Source: GlobeNewswire
PHOENIX, June 06, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today provided an update that the Company has completed the sales of six of the 15 surplus CRJ-900 airframes, and ten of the 30 surplus CRJ engines, associated with its Regional Aircraft Securitization Program (“RASPRO”) finance lease. Mesa previously entered into agreements to sell the 15 airframes and 30 engines, respectively, to two separate third parties. Previously, the RASPRO finance lease carried a $50.4 million obligation for Mesa to purchase the assets at the end of the lease in March 2024. As disclosed with its first quarter fiscal 2024 earnings release, Mesa reached an agreement to fulfill the purchase obligation over the course of May 2024 to September 2024. Based on the aforementioned sale closings and resulting payments to RASPRO, Mesa's purchase obligation has been reduced to $27.3 million as of May 31, 2024. The Company anticipates fully eliminating this obligati
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MESA
News
- Mesa Air Group Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
- Mesa Air Group Reports Second Quarter Fiscal 2024 ResultsGlobeNewswire
- Mesa Provides Update on RASPRO Surplus CRJ Asset Transactions [Yahoo! Finance]Yahoo! Finance
- Mesa Provides Additional Detail on Holdings in XTI AerospaceGlobeNewswire
- Mesa Regains Compliance with NASDAQ Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
MESA
Earnings
- 8/9/23 - Miss
MESA
Sec Filings
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- MESA's page on the SEC website