Mesa Airlines files for Chapter 11 Reorganization

Mesa in US Airways livery. Photo: Courtesy, Mesa Air.

Mesa Air Group’s proposed Chapter 11 reorganization plan filed Sept. 17 would see unsecured creditors receive most of the stock in the reorganized company while US Airways Group would receive a 10% stake.

With a fleet size of 130, Mesa has about 52 planes parked and not being used, and it plans to retire 25 more aircraft that are not needed to service its customers, the company said in court papers.

Mesa needs to reduce the fleet to eliminate the significant costs associated with retaining, maintaining and storing excess aircraft, it said.