MESA AIR GROUP INC — Director's Dealing 2006

Feb 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MESA AIR GROUP INC (MESA)
CIK: 0000810332
Period of Report: 2006-02-06

Reporting Person: FERVERDA MICHAEL L (Senior VP - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-06	Mesa Common	M	5400	$5.63	Acquired	0	Direct
2006-02-06	Mesa Common	S	5400	$12.03	Disposed	0	Direct
2006-02-06	Mesa Common	M	15000	$8.5	Acquired	0	Direct
2006-02-06	Mesa Common	S	15000	$12.03	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-06	Stock Option (Right to Buy)	$5.63	M	5400	Acquired	2011-01-26	Mesa Common (5400)	Direct
2006-02-06	Stock Option (Right to Buy)	$8.5	M	15000	Acquired	2012-01-29	Mesa Common (15000)	Direct

Footnotes

F1: Weighted Average Selling Price