Mesa Air Group has signed a new agreement with United Airlines (UA, Chicago O’Hare) that includes an improved block-hour rate for an existing capacity purchase agreement (CPA) and the repayment of debt to the mainline carrier with Mesa’s shares in electric aircraft start-up Heart Aerospace.

United agreed to extinguish the outstanding USD10.5 million bridge loan facility to Mesa Air Group and reduce the outstanding amount of the revolving credit facility by USD2.1 million. In return, the regional carrier will transfer to United its…

Source: ch aviation
Read more: Mesa Air Group repays United debt with Heart Aerospace stock