<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
MESA AIR GROUP, INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
590479 10 1
(CUSIP Number)
George Murnane III
1954 Airport Road, Suite 200
Atlanta, Georgia 30341
(770) 455-9225
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JANUARY 2, 1998
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following page(s))
Page 1 of 8 Pages
Exhibit Index Appears on Page 8
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CUSIP No. 590479 10 1 SCHEDULE 13D Page 2 of 8 Pages
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1) Names of Reporting Persons/S. S. or I. R. S. Identification Nos. of Above Persons
Barlow Partners II, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ X]
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3) SEC Use Only
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4) Source of Funds (See Instructions) OO - Partnership Contributions
- ------------------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ]
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6) Citizenship or Place of Organization Texas
- ------------------------------------------------------------------------------------------------------------------------------------
Number of (7) Sole Voting Power 1,501,813
Shares Bene- ----------------------------------------------------------------------------------------
ficially (8) Shared Voting Power -0-
Owned by Each ----------------------------------------------------------------------------------------
Reporting (9) Sole Dispositive Power 1,501,813
Person With ----------------------------------------------------------------------------------------
(10) Shared Dispositive Power -0-
- ------------------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,501,813
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13) Percent of Class Represented by Amount in Row (11) 5.31%
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14) Type of Reporting Person (See Instructions) PN
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</TABLE>
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CUSIP No. 590479 10 1 SCHEDULE 13D Page 3 of 8 Pages
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1) Names of Reporting Persons/S. S. or I. R. S. Identification Nos. of Above Persons
Barlow Management, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
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3) SEC Use Only
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4) Source of Funds (See Instructions) Not Applicable
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ]
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6) Citizenship or Place of Organization Texas
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Number of (7) Sole Voting Power -0-
Shares Bene- ----------------------------------------------------------------------------------------
ficially (8) Shared Voting Power 1,501,813 - See Responses to Items 5 and 6
Owned by Each ----------------------------------------------------------------------------------------
Reporting (9) Sole Dispositive Power -0-
Person With ----------------------------------------------------------------------------------------
(10) Shared Dispositive Power 1,501,813 - See Responses to Items 5 and 6
- ------------------------------------------------------------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,501,813-See Responses to Items 5 and 6
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 5.31%
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14) Type of Reporting Person (See Instructions) CO
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(1) Solely in its capacity as general partner of Barlow Partners II, L.P.
</TABLE>
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CUSIP No. 590479 10 1 SCHEDULE 13D Page 4 of 8 Pages
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1) Names of Reporting Persons/S. S. or I. R. S. Identification Nos. of Above Persons
Jonathan G. Ornstein
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
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3) SEC Use Only
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4) Source of Funds (See Instructions) Not Applicable
- ------------------------------------------------------------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ]
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6) Citizenship or Place of Organization United States of America
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Number of (7) Sole Voting Power -0-
Shares Bene- ----------------------------------------------------------------------------------------
ficially (8) Shared Voting Power 1,506,813
Owned by Each ----------------------------------------------------------------------------------------
Reporting (9) Sole Dispositive Power -0-
Person With ----------------------------------------------------------------------------------------
(10) Shared Dispositive Power 1,506,813
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11) Aggregate Amount Beneficially Owned by Each Reporting Person-1,506,813-See Responses to Items 5 and 6
- ------------------------------------------------------------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 5.33%
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14) Type of Reporting Person (See Instructions) IN
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(1) Mr. Ornstein is the controlling shareholder of Barlow Management, Inc., the general partner of Barlow
Partners II, L.P. and may be deemed to beneficially own the shares of Common Stock beneficially owned by
Barlow Partners II, L.P. The number also includes 5,000 shares owned by Lisa Ornstein, Mr. Ornstein's wife.
Mr. Ornstein disclaims beneficial interest in such shares except to the extent of his economic interest
therein.
</TABLE>
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CUSIP No. 590479 10 1 SCHEDULE 13D Page 5 of 8 Pages
ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D ("Statement") relates to the Common
Stock, no par value (the "Common Stock"), of Mesa Air Group, Inc., a Nevada
corporation (the "Issuer"). The address of the principal executive offices of
the Issuer is 3753 Howard Hughes Parkway, Suite 200, Las Vegas, Nevada 89109.
ITEM 2. IDENTITY AND BACKGROUND
(a) Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the
General Rules and Regulations under the Securities Exchange Act of 1934, as
amended (the "Act"), the undersigned hereby file this Statement on behalf of
Barlow Partners II, L.P., a Texas limited partnership ("Barlow Partners"),
Barlow Management, Inc., a Texas corporation ("Barlow Management") and Jonathan
G. Ornstein ("Ornstein"). Barlow Partners, Barlow Management and Ornstein are
sometimes hereinafter referred to as the "Reporting Persons." The Reporting
Persons are making this single, joint filing because they may be deemed to
constitute a "group" within the meaning of Section 13(d)(3) of the Act,
although neither the fact of this filing nor anything contained herein shall be
deemed to be an admission by the Reporting Persons that a group exists.
(b)-(c)
BARLOW PARTNERS II, L.P.
Barlow Partners is a Texas limited partnership the principal business
of which is to acquire, hold, own for investment, purchase, deal in, and
ultimately to sell or otherwise dispose of publicly-traded or privately placed
equity securities and debt instruments. The principal business address of
Barlow Partners, which also serves as its principal office, is 1954 Airport
Road, Suite 200, Atlanta Georgia 30341. The sole general partner of Barlow
Partners is Barlow Management. Pursuant to Instruction C to Schedule 13D of
the Act, information with respect to Barlow Management and Ornstein is set
forth below.
BARLOW MANAGEMENT, INC.
Barlow Management is a Texas corporation and is the general partner of
Barlow Partners, L.P., a Texas limited partnership, and Barlow Partners II,
L.P. and provides financial advisory services to various companies.
ORNSTEIN
Jonathan G. Ornstein is a citizen of the United States of America and
his principal business address is Bldg 116, Melsbroek Airport, B-1820 Melsbroek,
Belgium. Mr. Ornstein is President and Chief Executive Officer of Virgin
Express.
(d) None of the entities or persons identified in this Item 2 has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
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CUSIP No. 590479 10 1 SCHEDULE 13D Page 6 of 8 Pages
(e) None of the entities or persons identified in this Item 2 has,
during the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction, resulting in or subjecting such
entity or person to a judgment, decree or final order which enjoins future
violations of, or prohibits or mandates activities subject to federal or state
securities laws or found any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and amount of the funds used by the Reporting Persons to
purchase shares of the Common Stock are as follows:
<TABLE>
<CAPTION>
Reporting Person Source of Funds Amount of Funds
- ---------------- --------------- ---------------
<S> <C> <C>
Barlow Partners II, L.P. Other (1) $ 8,729,288(2)
Barlow Management, Inc. Not Applicable Not Applicable
Jonathan G. Ornstein Personal Funds(3) $ 29,063(2)(3)
</TABLE>
(1) Contributions from partners.
(2) Based on the closing price of the Common Stock on January 8, 1998.
See Item 5(c) herein.
(3) With respect to the 5,000 shares beneficially owned by Lisa Ornstein.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons acquired and continue to hold the shares of the
Common Stock reported herein for the purpose of influencing policies of the
Issuer. The Reporting Persons have recommended changes in operating policies
and management personnel and requested seats on the Board of Directors of the
Issuer. The Reporting Persons may request to have Mr. Ornstein placed on the
Board of Directors to fill one of the requested Board seats, but are not seeking
to place Mr. Ornstein in an executive position at this time. Depending on market
conditions and other factors that each of the Reporting Persons may deem
relevant, such Reporting Person may purchase additional shares of the Common
Stock in the open market or in private transactions.
Except as set forth in this Item 4, the Reporting Persons have no
present plans or proposals that relate to or that would result in any of the
actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the
Act.
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CUSIP No. 590479 10 1 SCHEDULE 13D Page 7 of 8 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
At August 14, 1997, the Issuer had 28,294,584 shares of Common Stock
outstanding.
(a)
BARLOW PARTNERS
The aggregate number of shares of the Common Stock that Barlow
Partners owns beneficially, pursuant to Rule 13d-3 under the Act, is 1,501,813,
which constitutes approximately 5.31% of the 28,294,584 shares of such stock
outstanding as of August 14, 1997.
BARLOW MANAGEMENT
Because of its position as the general partner of Barlow Partners,
Barlow Management may, pursuant to Rule 13d-3 of the Act, be deemed to own
beneficially 1,501,813 shares of the Common Stock, which constitutes
approximately 5.31% of the 28,294,584 shares of such stock outstanding as of
August 14, 1997.
ORNSTEIN
Because of his position as the controlling shareholder of Barlow
Management and on the basis of Mr. Ornstein's wife, Lisa Ornstein, beneficially
owning 5,000 shares of Common Stock, Mr. Ornstein may, pursuant to Rule 13d-3
of the Act, be deemed to own beneficially 1,506,813 shares of the Common Stock,
which constitutes approximately 5.33% of the 28,294,584 shares of such stock
outstanding as of August 14, 1997.
To the best knowledge of each of the Reporting Persons, other than as
set forth above, none of the persons named in response to Item 2(a) herein is
the beneficial owner of any shares of the Common Stock.
(b)
BARLOW PARTNERS
Barlow Partners has the sole power to vote or to direct the vote and
to dispose or to direct the disposition of 1,501,813 shares of Common Stock.
BARLOW MANAGEMENT
In its capacity as the general partner of Barlow Partners, Barlow
Management has the shared power to vote or to direct the vote and to dispose or
to direct the disposition of 1,501,813 shares of the Common Stock.
<PAGE> 8
CUSIP No. 590479 10 1 SCHEDULE 13D Page 8 of 8 Pages
ORNSTEIN
Because of his position as controlling shareholder of Barlow
Management, Mr Ornstein may be deemed to have shared power to vote or to direct
the vote and to dispose or to direct the disposition of 1,501,813 shares of
Common Stock beneficially owned by Barlow Partners.
(c) The Reporting Persons made open market purchases of the
1,506,813 shares of Common Stock covered by this Statement beginning on August
12, 1997 and ending on January 8, 1998 at prices ranging from $5.04 to $6.9991
per share.
Except as set forth in this paragraph (c), to the best of the
knowledge of each of the Reporting Persons, none of the persons named in
response to paragraph (a) has effected any transactions in the shares of the
Common Stock in the past 60 days.
(d) No person other than the Reporting Persons has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the shares of the Common stock owned by them.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Not applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 99.1 Agreement pursuant to Rule 13d-1(f)(1)(iii), filed herewith.
<PAGE> 9
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief
of the undersigned, the undersigned certify that the information set forth in
this statement is true, complete and correct.
BARLOW PARTNERS II, L.P.
By: BARLOW MANAGEMENT, INC., its
General Partner
/s/ George Murnane III
--------------------------
By: George Murnane III, President
BARLOW MANAGEMENT, INC.
/s/ George Murnane III
---------------------------
By: George Murnane III
/s/ Jonathan G. Ornstein
---------------------------
Jonathan G. Ornstein
<PAGE> 10
INDEX TO EXHIBITS
<TABLE>
<S> <C>
Exhibit 99.1 Agreement pursuant to Rule 13d-1(f)(1)(iii), filed herewith.
</TABLE>
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EXHIBIT 99.1
JOINT FILING AGREEMENT FOR SCHEDULE 13D
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General
Rules and Regulations of the Securities and Exchange Commission under the
Securities Exchange Act of 1934, as amended, the undersigned agree that the
statement to which this Exhibit is attached is filed on behalf of them in the
capacities set forth hereinbelow.
BARLOW PARTNERS II, L.P.
By: BARLOW MANAGEMENT, INC., its
General Partner
/s/ George Murnane III
--------------------------
By: George Murnane III, President
BARLOW MANAGEMENT, INC.
/s/ George Murnane III
---------------------------
By: George Murnane III
/s/ Jonathan G. Ornstein
---------------------------
Jonathan G. Ornstein
