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MESA AIRLINES OFFERS 1.3 MILLION SHARES OF COMMON STOCK

 MESA AIRLINES OFFERS 1.3 MILLION SHARES OF COMMON STOCK
 FARMINGTON, N.M., June 19 /PRNewswire/ -- Mesa Airlines Inc. (NASDAQ: MESA) announced that the public offering of 1,367,500 shares of its common stock is being made today at an offering price of $22 per share. Of the shares, Mesa will sell 1,300,000 shares and a holder of warrants issued in connection with a prior public offering will sell 67,500 shares. Bear, Stearns & Co. Inc. is acting as the managing underwriter for the offering.
 Of the net proceeds to the company from the sale of the shares of common stock, the company anticipates that approximately $15,600,000 will be used to reduce outstanding company indebtedness and the remainder will be used to reduce indebtedness of its recently acquired WestAir Holding Inc. subsidiary. Pending such uses, the net proceeds will be invested by the company in short-term interest-bearing securities.
 The company and its subsidiaries operate regional airlines servicing 28 states primarily in the Southwest, Southeast, Rocky Mountain, Midwest and Western regions of the United States. The company operates as an independent air carrier out of Albuquerque and Phoenix hubs. In the Rocky Mountain and Western regions, the company operates as United Express. In the Midwest region, the company operates as Skyway Airlines. In the lower Midwest and Southeast regions, the company operates as USAir Express.
 -0- 6/19/92
 /CONTACT: Gary Risley of Mesa Airlines, 505-327-0271/
 (MESA) CO: Mesa Airlines Inc. ST: New Mexico IN: AIR SU: OFR


BB -- DV003 -- 1863 06/19/92 10:59 EDT
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Publication:PR Newswire
Date:Jun 19, 1992
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