PHOENIX--(BUSINESS WIRE)--Mesa Air Group, Inc. (NASDAQ:MESA) today announced it has signed a term sheet with American Airlines to significantly expand their existing codeshare agreement. Under the terms of the new agreement, Mesa would add up to 40 new Embraer E175 aircraft to its American Eagle fleet. Deliveries of the new aircraft are expected to begin in the second quarter of 2015 and continue through 2016. Mesa currently operates 30 Bombardier CRJ900 aircraft under the American Eagle brand. "We are very pleased to announce this exciting new agreement with American, which will significantly expand our current operations and solidify Mesa's position as a leading regional airline," said Jonathan Ornstein, Chairman and Chief Executive Officer of Mesa Air Group. "This agreement is a testament to the outstanding efforts of our employees, who consistently deliver industry-leading operational performance. We look forward to continuing our strong partnership with American and providing our passengers with safe, reliable and comfortable air travel." About Mesa Air Group, Inc. Mesa Air Group, Inc. is a holding company with subsidiaries that operate as regional air carriers under capacity purchase agreements with American Airlines (American Eagle) and United Airlines (United Express). As of March 31, 2014, Mesa operated a fleet of 118 aircraft with approximately 675 daily departures to 108 cities, 36 states, the District of Columbia, Canada and Mexico. The Company's subsidiaries operate under the Mesa Airlines and go! brands. Forward Looking Statements Certain statements contained in this press release that are not historical facts, including statements about our beliefs, expectations, estimates, projections, goals and future performance, and the assumptions underlying such statements, involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the possibility that the proposed transaction with American Airlines will not close or that the closing may be delayed; the possibility that the terms of the transaction may change; the impact of changes in fuel prices, including any hedge positions we may elect to enter into; risks related to our contracts with our major airline partners; risks associated with pilot shortages; our dependence on our major airline partners; economic and other conditions in the regional airline industry and the overall economy; and other factors as set forth from time to time in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.