MESA AIR GROUP INC : Other Events (form 8-K)
MESA AIR GROUP INC : Other Events (form 8-K) However, the Company will provide customary representations and warranties for a transaction of this nature in the definitive aircraft purchase agreement, such as due authorization, no conflicts, validity of agreement, regulatory matters, good and marketable title, airworthiness, no liens, aircraft records, manufacturer warranties, and no brokers' fees. On , the Company's wholly owned subsidiary, ("Mesa"), entered into a Fourth Amendment (the "Amendment") to the Second Amended and Restated Capacity Purchase Agreement, dated as of , between United and Mesa (the "United CPA"). The Amendment provides, among other things, that United may remove from the scope of the United CPA certain E175LL Covered Aircraft (as defined in the United CPA) set forth on a specified schedule thereto after giving proper notice to the Company, and amends certain remedies that apply in the event of a Termination Event (as defined in the United CPA). The foregoing description of the Amendment and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which we expect to file as an exhibit to our Annual Report on Form 10-K for the fiscal year ending , subject to applicable requests for confidential treatment with respect to certain portions of the Amendment.
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On , (the "Company") entered into a letter agreement (the "Letter Agreement") regarding the sale of 18 CRJ-700 aircraft owned by the Company to a third party. Pursuant to the Letter Agreement, the parties will agree to the specific terms of the purchase and sale of each aircraft in a definitive aircraft purchase agreement. The consummation of the purchase and sale of each aircraft is currently expected to take place prior to .
Pursuant to the Letter Agreement, the definitive aircraft purchase agreement will provide that each aircraft shall be delivered "as is, where is" subject to and with the benefit of a related lease agreement. However, the Company will provide customary representations and warranties for a transaction of this nature in the definitive aircraft purchase agreement, such as due authorization, no conflicts, validity of agreement, regulatory matters, good and marketable title, airworthiness, no liens, aircraft records, manufacturer warranties, and no brokers' fees. The closing of the sale of each aircraft is subject to certain customary closing conditions, including the execution of mutually acceptable sale and lease assignment documentation, board approval of each party, and the buyer's satisfactory inspection of the aircraft.
On , the Company's wholly owned subsidiary, ("Mesa"), entered into a Fourth Amendment (the "Amendment") to the Second Amended and Restated Capacity Purchase Agreement, dated as of , between United and Mesa (the "United CPA"). The Amendment provides, among other things, that United may remove from the scope of the United CPA certain E175LL Covered Aircraft (as defined in the United CPA) set forth on a specified schedule thereto after giving proper notice to the Company, and amends certain remedies that apply in the event of a Termination Event (as defined in the United CPA). The Amendment will be effective upon the earlier to occur of (i) , and (ii) the date (if any) on which the Company enters into a definitive aircraft purchase agreement in accordance with the terms of the Letter Agreement.
The foregoing description of the Amendment and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which we expect to file as an exhibit to our Annual Report on Form 10-K for the fiscal year ending , subject to applicable requests for confidential treatment with respect to certain portions of the Amendment.