US regional airline Mesa Air Group has filed for Chapter 11 bankruptcy protection while it undergoes a financial restructure.
Chapter 11 will allow the airline to continue to trade while it restructures. Mesa operates 130 aircraft, most on regional or thinner routes on behalf of or on codeshare agreements with United, US Air and Delta, as well as its Go!-Mokulele operation in Hawaii which is not part of the filing.
“This process will allow us to eliminate excess aircraft to better match our needs and give us the flexibility to align our business to the changing regional airline marketplace, ensuring a leaner and more competitive company poised for future success,” Mesa CEO Jonathan Ornstein said in a statement.
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