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The Honolulu Advertiser
Updated at 12:55 p.m., Monday, February 9, 2009

Mesa Air to terminate agreements with some note holders

Advertiser Staff

Mesa Air Group, the parent of interisland carrier go!, said today it would terminate agreements with certain holders of senior convertible notes due 2024.

The company said it may not resume talks with note holders until or after Feb. 11.

Mesa, which also provides regional service for US Airways Group, Delta Air Lines and other carriers, has been looking to shore up its finances for months as it tries to ride out volatile fuel prices and a drop in travel demand.

Mesa shares closed down 10 percent at 10 cents per share on the Nasdaq.