Mesa Air Group completes $30m working capital draw loan

Mesa Air Group has closed on a $30m working capital draw loan through Tennenbaum Capital Partners. The funds are available for up to two years and have a five year term. The funds will be used to support current aircraft purchases and growth-related expenses as well as anticipated future growth opportunities. In the past sixteen months Mesa has added 19 CRJ 900 aircraft to be operated for American Airlines and 6 Embraer 175 aircraft to be operated for United Airlines with an additional 24 Embraer 175 aircraft being delivered over the next 24 months.