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Wed, Feb 04, 2004

New Additions To Mesa's Growing Family

Eight 50-Seat Regional Jets Join Fleet

Mesa Air Group, Inc. seems to continue growing at a rapid pace, as the company announced Monday it has reached a final agreement with US Airways to add eight 50-seat regional jets to its existing agreement.

This amendment, which is subject to US Airways Board of Directors approval, increases the number of 50-seat regional jets under the contract with US Airways to 67. Mesa currently has 57 of its 50-seat regional jet aircraft in service with US Airways. The eight new aircraft, which will be acquired on an operating lease from a third party lessor, are expected to be placed into service starting in May of 2004. These aircraft will go into service for ten years.

"Mesa stands ready to support US Airways and its current efforts to return to profitability," said Jonathan Ornstein, Mesa's Chairman and Chief Executive Officer. "We have faith in US Airways' management and employees and are pleased to have the opportunity to expand our US Airways Express operation."

Mesa currently operates 159 aircraft with 1,012 daily system departures to 151 cities, 40 states, the District of Columbia, Canada, Mexico and the Bahamas.

FMI:  www.mesa-air.com

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