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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
OF SECURITIES EXCHANGE ACT OF 1934
For the quarter ended March 31, 1996 Commission File
Number 0-15495
MESA AIR GROUP, INC.
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(Exact name of registrant as specified in its charter)
New Mexico 85-0302351
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2325 East 30th Street, Farmington, New Mexico 87401
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (505) 327-0271
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Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
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On July 22, 1996, the Registrant had outstanding 28,217,638 shares of Common
Stock.
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PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
10.81 Letter of Understanding between Mesa Air Group, Inc.
And Raytheon Aircraft Company (RAC) dated April 12,
1996. This Exhibit is the subject of a confidential
treatment request and certain confidential portions
have been omitted as indicated by the bracketed
language [CONFIDENTIAL PORTION DELETED] and filed
separately with the Securities and Exchange Commission.
27 Financial Data Schedule
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this Amendment No. 1 on Form 10-Q/A to be signed
on its behalf by the undersigned thereunto duly authorized.
MESA AIR GROUP, INC.
Registrant
/s/ W. Stephen Jackson
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Date: 7/23/96 W. Stephen Jackson
Chief Financial Officer, Treasurer and
Vice President of Finance
(Principal Accounting Officer)
Internet Address: www.mesa-air.com
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MESA AIR GROUP, INC.
COMMISSION FILE NO. 0-15495
FORM 10-Q/A
FOR THE QUARTER ENDED MARCH 31, 1996
EXHIBIT 10.81
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Exhibit 10.81
MESA AIR GROUP, INC.
Letter of understanding between Mesa Air Group, Inc. and Raytheon Aircraft
Company (RAC) April 12, 1996.
1. The [CONFIDENTIAL PORTION DELETED] 1900 Ds for delivery subsequent
to [CONFIDENTIAL PORTION DELETED] be financed according to
Attachment A as amended.
2. The remaining [CONFIDENTIAL PORTION DELETED] 1900 Ds [CONFIDENTIAL
PORTION DELETED] will be financed in accordance with the following:
A. [CONFIDENTIAL PORTION DELETED] will be [CONFIDENTIAL PORTION
DELETED] in the leases [CONFIDENTIAL PORTION DELETED] and
financing will be [CONFIDENTIAL PORTION DELETED]
B. Term will be [CONFIDENTIAL PORTION DELETED].
C. The Mesa [CONFIDENTIAL PORTION DELETED] deposit per aircraft
will be applied to reduce the principal value.
D. An additional principal reduction payment of [CONFIDENTIAL
PORTION DELETED] will be required by Mesa to eliminate
[CONFIDENTIAL PORTION DELETED]. Payment will be adjusted and
applied as appropriate to each aircraft taking into account
[CONFIDENTIAL PORTION DELETED] as follows:
(1) [CONFIDENTIAL PORTION DELETED] Mesa in accordance with
[CONFIDENTIAL PORTION DELETED].
(2) [CONFIDENTIAL PORTION DELETED] on remaining 1900 aircraft
to be returned.
E. The [CONFIDENTIAL PORTION DELETED] will be divided as follows:
[CONFIDENTIAL PORTION DELETED] retained by Mesa and applied to
[CONFIDENTIAL PORTION DELETED] in accordance with
[CONFIDENTIAL PORTION DELETED]. [CONFIDENTIAL PORTION DELETED]
will be kept by Raytheon Aircraft as [CONFIDENTIAL PORTION
DELETED].
F. The interest rate will be [CONFIDENTIAL PORTION DELETED].
[CONFIDENTIAL PORTION DELETED].
G. No [CONFIDENTIAL PORTION DELETED] while [CONFIDENTIAL PORTION
DELETED].
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Letter of Understanding
Mesa Air Group, Inc. and Raytheon
April 12, 1996
Page 2
H. Mesa has the option to [CONFIDENTIAL PORTION DELETED] by
notifying RAC. RAC will [CONFIDENTIAL PORTION DELETED] on
the [CONFIDENTIAL PORTION DELETED].
I. The fixed payment of [CONFIDENTIAL PORTION DELETED] will be
for [CONFIDENTIAL PORTION DELETED] since [CONFIDENTIAL
PORTION DELETED]. [CONFIDENTIAL PORTION DELETED] paid by
Mesa after [CONFIDENTIAL PORTION DELETED].
J. Entire [CONFIDENTIAL PORTION DELETED] with the exception of
[CONFIDENTIAL PORTION DELETED] will be accomplished by
May 31, 1996.
3. All terms are strictly confidential between Mesa and RAC.
RAYTHEON AIRCRAFT COMPANY MESA AIR GROUP, INC.
By By
/s/ DANIEL K. SMART /s/ W. STEPHEN JACKSON
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Daniel K. Smart W. Stephen Jackson
Vice President - Treasurer Chief Financial Officer
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ATTACHMENT A
RAYTHEON AIRCRAFT CREDIT CORPORATION
MESA AIR GROUP 1995-96 FINANCE PROPOSAL
BEECH MODEL 1900D AIRCRAFT
DELIVERIES FROM [CONFIDENTIAL PORTION DELETED]
Final Deal With Mesa
Aircraft Selling Price [CONFIDENTIAL PORTION DELETED]
Down Payment [CONFIDENTIAL PORTION DELETED]
Amount Financed [CONFIDENTIAL PORTION DELETED]
[CONFIDENTIAL PORTION DELETED] year finance;
[CONFIDENTIAL PORTION DELETED] payments in
[CONFIDENTIAL PORTION DELETED].
[CONFIDENTIAL PORTION DELETED] fixed [CONFIDENTIAL PORTION DELETED]
payments; no interest
[CONFIDENTIAL PORTION DELETED] [CONFIDENTIAL PORTION DELETED]
[CONFIDENTIAL PORTION DELETED]
[CONFIDENTIAL PORTION DELETED]
[CONFIDENTIAL PORTION DELETED] due [CONFIDENTIAL PORTION DELETED]
with [CONFIDENTIAL PORTION DELETED]
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[CONFIDENTIAL PORTION DELETED].
