Mesa Airlines secures $91 million financing

CIT Group served together with NORD/LB as co-lead arrangers and joint documentation agents on a $91 million term loan financing on behalf of Mesa Airlines, the fifth largest independent regional air carrier in the US. The financing, arranged by CIT’s Aerospace, Defense & Government Finance business and NORD/LB, was used to underwrite the purchase of aircraft engines for Mesa’s fleet of aircraft. “We appreciated the experience and agility of the co-lead arrangers in assembling this financing as Mesa continues to pursue higher operational capabilities and growth opportunities,” said Mesa Airlines President and Chief Financial Officer Mike Lotz. “We were pleased