Mesa Air Group (MESA) files for Chapter 11 to help eliminate excess aircraft and reach a faster...

|By:, SA News Editor

Mesa Air Group (MESA) files for Chapter 11 to help eliminate excess aircraft and reach a faster resolution in its lawsuit with Delta (DAL). Mesa says it faces an "untenable financial situation" due to lease obligations on aircraft in excess to requirements. (MW) Shares -65% to $0.042.