Mesa Air Says It Sold Or Entered Into Agreements, Since September 2023, To Sell Excess CRJ-900 Aircraft And Related Engines For Combined Gross Proceeds Of $198M
Portfolio Pulse from Benzinga Newsdesk
Mesa Air Group has reported the sale or agreements to sell its excess CRJ-900 aircraft and related engines since September 2023, with combined gross proceeds amounting to $198 million.
January 18, 2024 | 9:25 pm
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POSITIVE IMPACT
Mesa Air Group's sale of excess CRJ-900 aircraft and engines could improve liquidity and reduce maintenance costs, potentially having a positive impact on the company's financials.
The sale of excess aircraft and engines is likely to be viewed positively by investors as it indicates active management of the company's assets and could lead to improved liquidity. The proceeds from the sale may be used to pay down debt, invest in new opportunities, or improve the company's cash position. This can lead to a more favorable view of the company's financial health and potentially result in a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100