Unique Original Articles » Mesa Airlines - The Road To A Prosperous Partnership
Mesa Airlines - The Road To A Prosperous Partnership
There's one side of business that is consistent with the airline industry, and that's the power of alliances. In 1982, after just 2 years of Mesa Airlines starting their operations, they had already secured their first code share partnership. Mesa expanded through creating even more partnerships, which ended being up a hallmark for them. They are only a regional carrier, however they have a lot of experience having served in this industry for a little over 30 years. Every single quarter has been profitable for Mesa since the end of 2001. Below you will find some very riveting information regarding the Mesa Air Group.
Mesa Airlines is a part of Mesa Group and you can use the name interchangeably, so if you read about Mesa Group it means Mesa Airlines. The Mesa Group emerged from bankruptcy in March of this year, 2011, and they are poised for continued operations. Chapter 11 bankruptcy was declared by them so that they were able to shift some planes that were no longer needed, in addition to reducing their debt. What is amazing is they were in bankruptcy proceedings for only about three months. The short amount of time they spent in a Chapter 11 bankruptcy court may actually be the least ever spent by an airline.
In the beginning Mesa Airlines had just one plane that ran flights between two different cities. After ten years they had grown to have 38 planes that took passengers to around 63 cities all over the US. The company went from being a private corporation to public, allowing them to then trade on the NASDAQ stock exchange. Midwest Express Airlines and Mesa Airways agreed to a partnership of code sharing. This deal let Mesa Airline grow by allowing them to run an operation from Milwaukee in Wisconsin. United Airlines and Mesa went into partnership on code sharing, which saw the arrival of United Express chartering flights out of Denver.
For three months, from January 2011 to the end of March 2011, Mesa went into Chapter 11 bankruptcy. This is probably the smallest amount of time an airline has ever been in bankruptcy for. The company was able to eliminate one hundred excess aircraft along with the leases for those aircraft. The action Mesa took was very strategic because it allowed them to be free of the debt the aircraft had attached to them. In addition, they refinanced the balance of their Bombardier CRJ200 and Dash 8 aircraft. In doing this their aim was to lower their debt, and to reduce all possible costs for their fleet inventory.
Since the Mesa Air Group has been structured, Mesa Airlines have gained greatly. But Mesa Airlines operates under the umbrella of the Air Group along with three other aviation airline entities. This is one of the more interesting regional carriers if not for the fact they have created an organization in which they exist as a subsidiary.
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