Mesa Announces Sale of DHC8-200 Parts and Component Maintenance Agreement

PHOENIX -- Mesa Air Group Inc. announces it has finalized an agreement with Fokker Services Inc., a part of the Stork Aerospace division for the sale, management, and repair of its DHC8-200 spare parts inventories. Under the agreement, Fokker Services will immediately pay Mesa approximately $3 million in cash for the spare parts and will manage and repair the inventory for Mesa's fleet of 16 DHC8-200 aircraft at a flat hourly rate based on fleet flight hours. In addition, Mesa will receive approximately $1.6 million in the form of deferred monthly fee payments under the component maintenance agreement.

Fokker Services' ABACUS program includes asset planning and support for Mesa's spare part operational requirements and the management of all related component repairs. The program covers Mesa's existing DHC8-200 aircraft and has provisions for accommodating changes in Mesa's fleet size. Under this ABACUS program, Fokker Services utilizes its logistics center in Atlanta and component repair centers in Lagrange, GA(Fokker Aerotron), and Fairhope, AL Fokker Airinc).

"This agreement provides Mesa with competitive and predictable costs for the repair and maintenance of our DHC8-200 parts inventory, while insuring higher levels of service than we currently experience," says Gary Appling, VP Technical Services & Purchasing.

Fokker Services is part of the Stork Aerospace group.