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MERCURY AIR GROUP ANNOUNCES DEADLINE OF DEC. 31, 1993 TO RECEIVE SERIES B WARRANTS

 LOS ANGELES, Dec. 13 /PRNewswire/ -- Mercury Air Group Inc. (AMEX: MAX, MAX.WS.A, MAX.PR.A) announced today that its board of directors has decided not to extend beyond Dec. 31, 1993, the date on or prior to which Mercury's Series A Redeemable Common Stock Purchase Warrants (exercise price of $3.50) must be exercised in order to receive a Series B Redeemable Common Stock Purchase Warrant in addition to one share of Mercury Common Stock. Series B Warrants issued upon the exercise of Series A Warrants prior to Dec. 31, 1993, have an exercise price equal to the higher of $4.50 or 80 percent of the market price for Mercury's Common Stock and will expire on June 18, 1996. After Dec. 31, 1993, holders exercising their Series A Warrants will only be entitled to receive one share of Mercury Common Stock.
 Mercury Air Group is a leading provider of cargo and passenger aviation services to international and domestic commercial airlines, general aviation and U.S. government aircraft. Based at Los Angeles International Airport (LAX), Mercury operates air centers at four locations in California and one location in Nevada.
 -0- 12/13/93
 /CONTACT: Randy Ajer, CFO, of Mercury Air Group, 310-646-2994 or 310-215-5729/
 (MAX)


CO: Mercury Air Group Inc. ST: California IN: AIR SU:

MF-JL -- LA010 -- 3182 12/13/93 13:01 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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