Mesa Air Group Finalizes Financing

30th Jan 2004

Mesa Air Group, Inc. , announced today it has closed on its previously
announced financing commitment, permanently financing 5 CRJ-700 and 4
CRJ-900 regional jets. As a result, Mesa has permanently financed all of
its aircraft delivered to date and has permanent financing in place for
the next 2 CRJ-900s. Following this financing, Mesa has either committed
interim or backup permanent debt financing for its next 35 regional jet
“We have begun to see improvement in the financing markets and believe we
can finance all of our aircraft deliveries over the foreseeable future,”
said Jonathon Ornstein, Mesa`s Chairman and CEO.

Mesa currently operates 159 aircraft with 1,012 daily system departures to
151 cities, 40 states, the District of Columbia, Canada, Mexico and the
Bahamas. It operates in the West and Midwest as America West Express; the
Midwest and East as US Airways Express; in Denver, Los Angeles, and
Chicago as United Express; in Kansas City with Midwest Airlines and in New
Mexico and Texas as Mesa Airlines. The Company, which was founded in New
Mexico in 1982, has 4,397 employees. Mesa is a member of the Regional
Airline Association and Regional Aviation Partners.



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