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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): September 29, 2000
MESA AIR GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
Nevada 0-15495 85-0302351
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation
410 North 44th Street, Suite 700, Phoenix, Arizona 85008
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (602) 685-4000
Not Applicable
(Former name or former address, if changed since last report.)
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Item 2. Acquisition or Disposition of Assets.
On September 29, 2000, Mesa Air Group, Inc. (Mesa) entered into a
definitive agreement with Raytheon Aircraft Company and Raytheon Aircraft Credit
Corporation (collectively, Raytheon) for the sale of sixteen Beechcraft 1900D
aircraft to Raytheon.
The aggregate consideration paid by Raytheon in connection with the
sale was $43.8 million. The agreement provides for Mesa to refurbish the
aircraft in accordance with refurbishment standards set forth in the agreement.
Mesa is entitled to additional consideration of $30,000 to $90,000 per aircraft
if refurbishment is accomplished by certain dates.
The aggregate consideration received in the sale was determined through
arm's length negotiations between representatives of Mesa and Raytheon. To the
knowledge of Mesa, no affiliate, director or officer of Mesa had any material
relationship with Raytheon prior to the sale.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MESA AIR GROUP, INC.
By: /s/ Robert B. Stone
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Name: Robert B. Stone
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Title: Chief Financial Officer
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Dated: October 16, 2000