Signalling their confidence the airline will turn around this year, Mesa board members, executives and family members took advantage of declining stock prices to buy Mesa stock beginning just prior to the release of its Q4/year-end results, when it announced...
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Signalling their confidence the airline will turn around this year,
Mesa board members, executives and family members took advantage of declining stock prices to buy Mesa stock beginning just prior to the release of its Q4/year-end results, when it announced it would miss its required 10K filing date. At that time the stock was at $2.29, and executives spent $200,000 for approximately 66,000 shares at between $2.63 and $3.33 per share. The investors include CEO Jonathan Ornstein, his mother, son and daughter, Executive Vice President Brian Gilman, as well as board members
Regional Aviation Partners Executive Director Maurice Parker, Richard Thayer, Carlos Bonilla, Joseph Altibello and Peter Nostrand. Mesa still faces the
Aloha Airline’s lawsuit, which follows on its loss to
Hawaiian Airlines. Its loss to Hawaiian contributed to its bad Q4 and year-end results; something that does not bode when for its success in its second suit.
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