TCP Provides $100MM Engine Financing Facility to Mesa Airlines



Tennenbaum Capital Partners agreed to provide a $100 million engine financing facility to Mesa Air Group. The facility will be used to purchase a portfolio of new GE CF34-8C5 engines and will provide Mesa with additional financing capacity.

“We have a long history and deep track record in aviation investing and Mesa is a best-in-class operator that serves our nation’s leading airlines,” said Rob DiPaolo, managing director of TCP. “We are pleased to provide capital to support Mesa’s fleet requirements and expand our relationship with the airline.”

“We are investing in Mesa’s long-term growth and operational success through the purchase of these new engines,” said Jonathan Ornstein, Mesa chairman and CEO. “With a fleet of 133 large regional jets and industry-leading performance, Mesa is in a unique position in the airline industry. We thank our finance group for their work on this transaction and TCP and Imperial Capital for their continued support.”

Imperial Capital acted as the exclusive financial advisor to Mesa in sourcing the financing. In closing the financing, Mesa was represented by DLA Piper and TCP was represented by Hughes Hubbard and Reed.

Tennenbaum Capital Partnersis an alternative investment management firm focused on direct lending and special situations for middle-market companies.

Phoenix-based Mesa Airlines operates as American Eagle from hubs in Phoenix and Dallas/Fort Worth and as United Express from Washington Dulles and Houston.


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