Regional Carrier Will Receive Around $3 Million Cash, Save On Payments

Mesa Air Group announced this week it has finalized an agreement with Fokker Services, Inc. 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, GA 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," said Gary Appling, VP Technical Services & Purchasing.

Fokker Services is part of the Stork Aerospace group and is a leading Aerospace services provider, combining OEM (design) knowledge and independent after-sales modification, repair and overhaul support to performance-based aircraft MRO services. As the type certificate holder of all 750 Fokker aircraft operated today, Fokker Services has all the skills, facilities, equipment and systems in place to deliver total support solutions to aircraft operators and owners in the continued competitive operation of their fleet.

Stork Aerospace develops and produces advanced structure and electrical systems for the aerospace industry, and supplies integrated maintenance services and products to aircraft owners and operators. In 2007 the group achieved revenue of euro 550 million with over 3,500 employees out of the total Stork revenue of euro 2 billion.

FMI: www.mesa-air.com/