wheelsup
Well-Known Member
PHOENIX, March 7 /PRNewswire-FirstCall/ -- Mesa Air Group MESA today announced an expansion of its strategic partnership with Delta Air Lines. Under this new agreement Freedom Airlines, a wholly owned subsidiary of Mesa Air Group, will fly twelve, 37-seat, De Havilland Dash 8 aircraft in support of Delta Air Lines expanding operations at its New York-JFK hub. The term of the new agreement is three years. The aircraft will be operated under a capacity purchase arrangement similar to Mesa's existing Delta Connection agreement under which Freedom Airlines flies 50-passenger regional jets. The Dash 8s covered under this agreement will be incremental to the 16 Dash 8 aircraft currently operated by Mesa Air Group.
Under the agreement the new service will commence between July and September 2006 from Delta's New York-JFK hub. The aircraft are currently scheduled to operate to Washington DC - Dulles; Philadelphia, PA; Syracuse, NY; Albany, NY; Hartford, CT; Providence, RI; Norfolk, VA; Richmond, VA; Washington DC - Reagan and Baltimore, MD.
"We are honored to be given the opportunity to expand our operations with Delta Air Lines," said Jonathan Ornstein, Chairman and CEO of Mesa Air Group. "We appreciate Delta's confidence in Mesa and look forward to playing an integral role in the Delta Connection family," added Ornstein.
"Mesa has proven itself a highly reliable, cost-effective and flexible partner. In addition, Mesa's employees have done a great job of taking care of our customers," said Shawn Anderson, President, Delta Connection.
From MoneyCentral ...http://news.moneycentral.msn.com/ticker/article.asp?Feed=PR&Date=20060307&ID=5563292&Symbol=US:MESA
Looks like my former CFI buds at Freedom will get a crack at the Dash 8 PIC. Hmmm, maybe I should have gone to Mesa...ah well.
Now, the real question is why is Mesa's stock dropping after this annoucement?
~wheelsup