Air Transport World

MESA SALE IS REJECTED BY SHAREHOLDERS

Mesa Air Group shareholders have rejected a proposal that could have led to the possible sale or merger of the multipart airline as one way to enhance shareholder value. Nearly 90% of the shareholders rejected the proposal to hire an investment banker to seek a buyer or partner, which seemed to indicate shareholder confidence in the present management and directors, who were re-elected for 1-year terms.

The shareholders also approved all of management's proposals during their annual meeting held in Las Vegas this summer. The Key Officers Stock Option Plan, which will provide compensation to the company's CEO, Jonathan Ornstein, and CFO, and the company's Outside Directors Stock Option Plan were approved by wide margins. …

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