Business Report: Mesa Air Group bankruptcy - Hawaii News Now - KGMB and KHNL

Business Report: Mesa Air Group bankruptcy

HONOLULU (HawaiiNewsNow) - More details on the Mesa Air Group bankruptcy. Pacific Business news gets credit for being the first local news operation to notice that one of Mesa's bigger creditors is Bank of Hawaii. It lent money for aircraft leases and is owed about $11 million.

Mesa has $26 million in outstanding bond debt and owes $42 million to embraer and a $133 million to bombardier. Those two companies are regional jet manufacturers. The Go/Mokulele operation here in Hawaii is not part of the filing, as we mentioned before.

Also Mesa was mainly concerned with returning jets it doesn't need, using the bankruptcy power to back out of contracts. Mesa now says if it can do that, it won't even need a bankruptcy loan. Mesa has 178 planes but it's not using 52 of them.

Powered by Frankly