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NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by AnalystChoice.com (AC).

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After a bruising year in Hawaii’s fierce inter-island carrier market, Republic Airways is taking its jets and going home.

Mesa And Republic Combine Thier Hawaii Routes

MESA AIR GROUP, INC. (Nasdaq: MESA) entered in to an agreement with Mokulele Flight Service Inc. to create a joint venture to provide Hawaii inter-island airline service under the go! and Mokulele brand names.

Mesa currently operates 136 aircraft with approximately 800 daily system departures to 126 cities, 40 states, the District of Columbia, Canada, and Mexico. The Company has approximately 3,700 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005.

Earlier this month, Aar Corp. (AIR) entered into a series of related transactions with Mesa Air Group, Inc. (MESA). AAR and Mesa amended their parts supply and maintenance agreements for Mesa’s CRJ-200 and ERJ-145 aircraft fleet to provide Mesa with increased flexibility to respond to demand fluctuations in the 50-seat aircraft market. In consideration for these [...]

(AIR) Aar Corporation Signs with Mesa Air Group

Earlier this month, Aar Corp. (AIR) entered into a series of related transactions with Mesa Air Group, Inc. (MESA).
 
AAR and Mesa amended their parts supply and maintenance agreements for Mesa's CRJ-200 and ERJ-145 aircraft fleet to provide Mesa with increased flexibility to respond to demand fluctuations in the 50-seat aircraft market. In consideration for these amendments AAR will receive a cash payment from Mesa along with 15 million shares of Mesa's common stock. AAR will return to Mesa $6.1 million aggregate principal amount at maturity of Mesa's 2023 notes.
 
AAR does not expect to increase its stock ownership in Mesa, and may sell down its position from time to time as market conditions permit. AAR has generated approximately $30 million in annual sales supporting Mesa's CRJ-200 and ERJ-145 fleets.
 
Management believes that such agreements will further increase its cash flow from operations.
 
During the first quarter of fiscal 2010, the company generated $34 million of cash flow from operations and ended the first quarter with $122.8 million of cash and cash equivalents on hand from $112.5 million in the first quarter of fiscal 2009. However, weak conditions in the commercial markets have stretched sales and margins in the aftermarket businesses supporting commercial airlines.
 
The global airline industry continue to experience significant financial difficulties, with several carriers filing for bankruptcy protection and recent warnings regarding industry profitability largely due to volatility in oil prices and the economic downturn. Additionally, the recent surge in oil prices also remains a problem. Furthermore, we do not expect a significant recovery in the global airline industry even in 2010.
Read the full analyst report on "AIR"
Read the full analyst report on "MESA"
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Today's Wall Street Journal had an article that asked the question "Can Rally Run without Revenue?" Is the revenue situation really that bad? Let's take a quick look at some the data compiled through the Alert HQ process. After each quarter's earnings season, I try to pull together what I am now calling the Growth Report. Part 1 compiles the list of stocks that have shown a year-over-year increase in both revenue and earnings AND a sequential quarter-over-quarter increase in both revenue and earnings. Given the severity of the economic downturn, very few companies have been able to to pull off this trick. The following table presents a comparison of the last two quarters: <table style="margin-left: 50px; text-align: center;" width="400" bgcolor="#ffffff" border="1"[More...]

At this time, StocksHaven Investments would like to recall and look back at the last few months of equity advice in order to showcase the proven track record. The following is a list of chosen companies which have been nothing short of stellar, giving investors much needed short term and long term gains despite the ongoing hostile recessionary environment. 1. Spongetech Delivery Systems, Inc. (+ 948% as of April/1/09) ( <a href="http://www.stockshaven.com/spng-is-a-buy/"[More...]

{loadposition comment2} Mesa Air Group Inc. (MESA) announced that the U.S. Court of Appeals for the 11th Circuit has affirmed the preliminary injunction against Delta Air Lines (DAL), which enjoined Delta from terminating Freedom Airlines' Delta Connection Agreement covering certain ERJ-145 aircraft. {loadposition link_supportresistance}   {loadposition homeaccordion2}   {loadposition contentad}       On May 29, 2008 the United States District Court for the Northern District of Georgia issued a preliminary injunction against Delta enjoining it from terminating the Agreement in place between Freedom Airlines and Delta. Delta had sought to terminate the Agreement based upon allegations that Freedom had failed to meet certain operational performance requirements.   The Order granting a preliminary injunction included the finding that Delta acted in "bad faith" in its attempt to terminate the Agreement. The preliminary injunction will remain in place while the case proceeds in the District Court. {loadposition link_nowtime}   Free trading ideas and analysis are always found at LearningMarkets.com. {loadposition followus}

 

 

Schaeffer's Laura Houser takes a look at activity on the Street after the market close

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