Mesa Air Group Receives New Nasdaq Letter

Mesa Air Group received yet another letter from Nasdaq January 5 citing the company’s failure to meet filing requirements for its plan to delist the company’s stock. However, MAG has 60 days to submit a plan to regain compliance. Following review of this plan, the Nasdaq staff can grant an exception, up to 180 calendar days from the date of the Periodic Report, or until June 29, 2009, to regain compliance. The Notice arises as a result of Mesa's failure to timely file its Form 10-K for the fiscal year ended September 30, 2008.