Mesa Air Group enters into a $200 million secured loan facility under the CARES Act.

Mesa Air Group has entered into a five-year Loan and Guarantee Agreement with the US Treasury Department which provides the airline with a secured term loan facility to borrow up to $200 million under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On October 30, 2020, Mesa borrowed $43 million under the facility and has until December 15, 2020, to determine if it will borrow up to an additional $157 million in a subsequent borrowing. Mesa’s ability to borrow up to the additional $157 million is subject to the satisfaction of certain conditions precedent under the secured term