Mesa Air Group announced that shareholders approved an increase in the number of authorized shares of common stock to 900 million from 75 million and the issuance of shares to satisfy Mesa's potential obligation to repurchase outstanding senior convertible notes due in 2023 and 2024. "We appreciate our shareholders giving us this flexibility while we continue to discuss a number of options with our bondholders," Chairman and CEO Jonathan Ornstein said.

Subscribe to Access this Entire Article

"Other News - 01/08/2009" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.