Mesa Air raises US$116m after 8-year haul out of bankruptcy
Mesa Air Group, a regional carrier for American and United, raised US$116m in a downsized US IPO 7 years after exiting bankruptcy. Mesa Air sold 9.63m shares for $12 each after marketing them for $14 to $16. The carrier planned earlier to sell 10.7m shares. It’s Mesa’s second run as a publicly traded company. It first went public in 1987 but after filing for reorganisation in 2010, it emerged from bankruptcy the following year as a private company. Mesa’s owners include American Airlines, which now holds a 20% stake. Operating as American Eagle and United Express, it has flights to 110 cities in the US, Mexico, Canada, Cuba and the Bahamas. Mesa had operating revenue of $332m for the 6 months ended March 31, compared with $319m a year earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-10/unaligned/mesa-air-raises-us-116m-after-8-year-haul-out-of-bankruptcy
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Mesa Air raises US$116m after 8-year haul out of bankruptcy
Mesa Air Group, a regional carrier for American and United, raised US$116m in a downsized US IPO 7 years after exiting bankruptcy. Mesa Air sold 9.63m shares for $12 each after marketing them for $14 to $16. The carrier planned earlier to sell 10.7m shares. It’s Mesa’s second run as a publicly traded company. It first went public in 1987 but after filing for reorganisation in 2010, it emerged from bankruptcy the following year as a private company. Mesa’s owners include American Airlines, which now holds a 20% stake. Operating as American Eagle and United Express, it has flights to 110 cities in the US, Mexico, Canada, Cuba and the Bahamas. Mesa had operating revenue of $332m for the 6 months ended March 31, compared with $319m a year earlier. <br/>
