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<ACCESSION-NUMBER>0000950153-01-500963
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20010822
<ITEMS>7
<ITEMS>9
<FILING-DATE>20010827
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MESA AIR GROUP INC
<CIK>0000810332
<ASSIGNED-SIC>4512
<IRS-NUMBER>850302351
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-15495
<FILM-NUMBER>1723877
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>410 NORTH 44TH STREET
<STREET2>SUITE 700
<CITY>PHOENIX
<STATE>AZ
<ZIP>85008
<PHONE>6026854000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>410 NORTH 44TH STREET
<STREET2>SUITE 700
<CITY>PHOENIX
<STATE>AZ
<ZIP>85008
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MESA AIRLINES INC
<DATE-CHANGED>19950426
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>p65513e8-k.htm
<DESCRIPTION>8-K
<TEXT>
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<TITLE>e8-k</TITLE>
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<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="center"><FONT size="2">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549
</FONT>

<P align="center"><FONT size="2">Form&nbsp;8-K
</FONT>

<P align="center"><FONT size="2">CURRENT REPORT
</FONT>

<P align="center"><FONT size="2">Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934
</FONT>

<P><FONT size="2">Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;August&nbsp;22, 2001
</FONT>
<P align="center"><FONT size="2">MESA AIR GROUP, INC.<BR>
(Exact name of registrant as specified in its charter)
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="40%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="25%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="29%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">Nevada</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
000-15495
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">85-0302351</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">(State or other jurisdiction<BR>
of incorporation)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
(Commission<BR>
File Number)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">(IRS Employer<BR>
Identification No.)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">&nbsp;&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">910 North 44th Street, Suite&nbsp;700, Phoenix, Arizona</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">85008</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">(Address of principal executive offices)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">(Zip Code)</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">&nbsp;&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR><TD><TR><TD><TR><TD><TR><TD>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">Registrant&#146;s telephone number, including area code:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">(602) 685-4000</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">Not Applicable<BR>
(Former name or former address, if changed since last report.)
</FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>
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<A name="toc"><DIV align="CENTER"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
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<TR>
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	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Exhibits Index</A></TD></TR>
<TR><TD colspan="9"><A HREF="p65513ex99-1.htm">EX-99.1</A></TD></TR>
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<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>


<P align="left"><FONT size="2"><B>Item&nbsp;7. Financial Statements, Pro Forma Financial Information and Exhibits.</B>
</FONT>

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<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1">Exhibit No</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left"><FONT size="1">Description</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">99.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Press Release dated August&nbsp;22, 2001, announcing agreement with
Raytheon to resolve Beech 1900D aircraft fleet financing.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2"><B>Item&nbsp;9. Regulation&nbsp;FD Disclosure</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information in this report is being furnished pursuant to Regulation
FD. In accordance with General Instruction B.2 of Form&nbsp;8-K, the information in
this report shall not be deemed to be &#147;filed&#148; for purposes of Section&nbsp;18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1934, as
amended. The furnishing of the information set forth in this report is not
intended to, and does not, constitute a determination or admission as to the
materiality or completeness of such information.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On August&nbsp;22, 2001, Mesa Air Group, Inc., a Nevada corporation (the
&#147;Company&#148;), issued a press release announcing the Company&#146;s agreement to
resolve outstanding issues related to its Beech1900D aircraft fleet financed
with Raytheon. A copy of the Company&#146;s press release is attached hereto as
Exhibit&nbsp;99.1 and incorporated herein by reference.
</FONT>
<P align="center"><FONT size="2">2</FONT>
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<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereto duly authorized.
</FONT>
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        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="20%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="35%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">MESA AIR GROUP, INC.</FONT></TD>
</TR>

<TR>
<TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="top">
        <TD valign="top"><FONT size="2">Date:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
August
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top" nowrap><FONT size="2">23, 2001
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">By</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">/s/ Jonathan G. Ornstein<BR>
<HR size="1" noshade></FONT></TD>
</TR>

<TR valign="top">
        <TD valign="top"><FONT size="2"></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2"></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top" nowrap><FONT size="2"></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Title</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">Chairman and CEO<BR>
<HR size="1" noshade></FONT></TD>
</TR>

</TABLE>
</CENTER>
<P align="center"><FONT size="2">3</FONT>
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<H5 align="left"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "Exhibits Index" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="center"><FONT size="2"><B>Exhibit Index</B>
</FONT>

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<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1">Exhibit No</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left"><FONT size="1">Description</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">99.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Press Release dated August&nbsp;22, 2001, announcing agreement with
Raytheon to resolve Beech 1900D aircraft fleet financing.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">4</FONT>
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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>p65513ex99-1.htm
<DESCRIPTION>EX-99.1
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<P align="right"><FONT size="2">Exhibit&nbsp;99.1
</FONT>

<P align="center"><FONT size="2"><B>Mesa Air Group Announces Agreement With Raytheon</B>
</FONT>

<P><FONT size="2">PHOENIX, Aug. 22 &#151; Mesa Air Group, Inc. (Nasdaq: MESA &#151; news) announced today
that it has signed a letter of intent with Raytheon Aircraft Company (NYSE: RTN
- news) and Raytheon Aircraft Credit Corporation (collectively, &#147;Raytheon&#148;) to
resolve outstanding issues related to its Beech1900D aircraft fleet financed
with Raytheon. In the letter of intent, which is subject to definitive
documentation, Raytheon has agreed to assist Mesa in reducing Mesa&#146;s 1900D
operating expenses. Mesa and Raytheon have also come to an agreement under
which Mesa is no longer in default under the outstanding loan agreements. Mesa
currently operates 55 Beech 1900D aircraft at its wholly owned subsidiary Air
Midwest, Inc., of which 47 are financed by Raytheon.
</FONT>
<P><FONT size="2">&#147;We are delighted to have reached this agreement with Raytheon as this was
imperative to the continued viability of our B1900D operation. Rural
communities across America have witnessed the reduction or elimination of air
services as increased government regulation has dramatically increased
operating costs for small aircraft such as the B1900D,&#148; said Jonathan Ornstein,
Chairman and CEO of Mesa Air Group. &#147;Our agreement with Raytheon culminates our
efforts to reduce operating costs to offset the impact of significantly
increased federal regulation imposed over the past five years. The future of
rural aviation is now truly in the hands of our federal government.&#148;
</FONT>
<P><FONT size="2">Mesa Air Group was the recipient of the Professional Pilot Magazine&#146;s Pilot &#151;
Management Teamwork Award in 1999. Air Midwest, a wholly owned subsidiary of
Mesa, has received the Federal Aviation Administration Certificate of
Excellence Diamond Award. Mesa currently operates 126 aircraft with 1,100 daily
system departures to 120 cities, 36 states, Canada and Mexico. It operates in
the west and mid-west as America West Express, the midwest and east as US
Airways Express, in partnership with Midwest Express out of Kansas City and in
New Mexico under the independent Mesa Airlines. In addition, the company has 51
regional jets in service, 57 RJs on firm order and holds options on another 164
aircraft. The Company, which was founded in New Mexico in 1982, has
approximately 4,000 employees.
</FONT>
<P><FONT size="2">This press release contains various forward-looking statements that are based
on management&#146;s beliefs, as well as assumptions made by and information
currently available to management. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable; it
can give no assurance that such expectations will prove to have been correct.
Such statements are subject to certain risks, uncertainties and assumptions.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those anticipated, estimated, projected or expected.
</FONT>

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