Document:

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                                                          EXHIBIT 10.26

                              EMPLOYMENT AGREEMENT

                  THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and
entered into as of January 3rd, 2000 by and between MESA AIR GROUP, INC., a
Nevada corporation (the "Company"), and ____________ (the "Executive").

                              W I T N E S S E T H:

                  1.       EMPLOYMENT

                  The Company hereby employs the Executive, and the Executive
hereby accepts such employment, upon the terms and subject to the conditions set
forth in this Agreement.

                  2.       TERM

                  Subject to the provisions for termination as hereinafter
provided, the term of employment under this Agreement shall begin on the date
hereof and shall continue ______________provided, however, that if the Company
fails to give one hundred eighty days written notice prior to the date of
termination, the term of this Agreement shall automatically be extended for an
additional one hundred eighty day period.

                  3.       COMPENSATION

                  3.1 Base Salary. The Company shall pay to the Executive as
basic compensation for all services rendered by the Executive during the term of
this Agreement a basic annualized salary of ________ per year, or such other sum
in excess of that amount as the parties may agree on from time to time or as
provided in the last sentence of this Section 3.1 (as in effect from time to
time, the "Base Salary"), payable bi-weekly or in other more frequent
installments, as determined by the Company. The Board of Directors shall have no
authority to reduce the Executive's Base Salary in effect from time to time. In
addition, the Board of Directors, in its discretion, may award a bonus or
bonuses to the Executive in addition to the bonuses provided for in Section 3.2,
provided, however, such discretionary bonus shall not be included in the
definition of "Base Salary." Annually, the Board of Directors shall review the
Base Salary and increase it as it deems appropriate.

                  3.2 Bonuses. In addition to the Base Salary to be paid
pursuant to Section 3.1, the Company shall pay the Executive as incentive
compensation a bonus. The bonus will be a minimum of __ of base wages provided
the Company is profitable and it will be paid quarterly.

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                  3.3 Stock Option Award. Upon the execution of this Agreement,
the Company shall grant the Executive an option (the "Initial Option") under a
plan, the underlying shares of Common Stock of which will be registered on Form
S-8 or any successor form, to purchase _____shares of the Company's common stock
(the "Common Stock") at an exercise price per share which is no greater than the
market price on the effective date of this agreement The Initial Option will be
for a term of ten years from the date of grant and, except as otherwise provided
(but in no event shall the vesting schedule be more restrictive than as set
forth in this Agreement), shall vest one-third on___________, one-third on
___________, and one-third on __________. The Initial Option, to the extent it
is vested, shall be exercisable until the time stated in the agreement granting
the Initial Option but in no event shall it terminate earlier than the earlier
of (i) ten years from the date of grant or (ii) the ninety days after the date
the Executive is no longer employed with the Company, whichever is later.

                  3.4 Other Benefits. The Executive shall be entitled to such
fringe benefits including, but not limited to, medical and other insurance
benefits (for the Executive and his family), airline travel benefits on the
Company's airlines, as may be provided from time to time by the Company to other
senior management of the Company. The Company will use its commercially
reasonable efforts to obtain from other airlines the same benefits for the
Executive as the Company provides to executive officers of other airlines.

                  3.5 Reimbursement. The Company shall reimburse the Executive,
in accordance with the Company's policies and practices for senior management,
for all reasonable expenses incurred by the Executive in the performance of the
Executive's duties under this Agreement, including the cost of relocating the
Executive's household from Seattle from Phoenix.

                  3.6 Other Incentive and Benefit Plans. The Executive shall be
eligible to participate, in accordance with the terms of such plans as they may
be adopted, amended and administered from time to time, in incentive, bonus,
benefit or similar plans, including without limitation, any stock option, bonus
or other equity ownership plan, any short, mid or long term incentive plan and
any other bonus, pension or profit sharing plans established by the Company from
time to time.

                  3.7 Life and Disability Insurance. The Company shall
immediately purchase and maintain during the term of this Agreement or any
renewal or extension thereof a term life insurance policy on the Executive's
life in the face amount of____________. The life insurance policy shall be
payable to a beneficiary designated by the Executive from time to time. The
Company shall also immediately purchase and maintain during the term of this
Agreement, a disability insurance policy in the face amount of at
least____________. The face amount of such policies will be increased
proportionally with any increase in the Base Salary. The Company shall maintain
the policies in full face value and effect without decrease in the benefit and
pay the premiums during the terms of this Agreement and any renewals or
extensions hereof. The Executive shall have the right of ownership of said
policy and to continue to maintain said insurance and be responsible for the
satisfaction of premiums after the termination of this Agreement.

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                  4.       DUTIES

                  The Executive is engaged as the Chief Financial Officer and
Treasurer of the Company. The Executive's duties and responsibilities shall be
commensurate with those customarily associated with the Chief Financial Officer
and Treasurer of a publicly traded Company, including such other duties as from
time to time may be assigned by the Chairman of the Board, Chief Executive
Officer or by the directors.

                  5.       VACATIONS AND DAYS OFF

                  The Executive shall be entitled to vacations with pay and to
such personal and sick leave with pay in accordance with the policy of the
Company as may be established from time to time by the Company and applied to
other senior officers of the Company. In no event shall the Executive be
entitled to fewer than two weeks annual vacation. Unused vacation days may be
carried over from one year to the next for a period of up to one year. Any
vacation days which remain unused on the first anniversary of the end of the
fiscal year to which they originally related shall expire and shall thereafter
no longer be useable by the Executive.

                  6.       ILLNESS OR INCAPACITY, TERMINATION ON DEATH, ETC.

                  6.1 Death. If the Executive dies during the term of the
Executive's employment, the Company shall pay to the estate of the Executive
within 30 days after the date of death such Base Salary and any cash bonus
compensation earned pursuant to the provisions of this Agreement or any
incentive compensation plan then in effect but not yet paid, as would otherwise
have been payable to the Executive up to the end of the month in which the
Executive's death occurs. After receiving the payments provided in this Section
6.1, the Executive and the Executive's estate shall have no further rights under
this Agreement (other than those rights already accrued).

                  6.2 Disability. (i) During any period of disability, illness
or incapacity during the term of this Agreement which renders the Executive at
least temporarily unable to perform the services required under this Agreement,
the Executive shall receive the Base Salary payable under Section 3.1 of this
Agreement plus any cash bonus compensation earned pursuant to the provisions of
this Agreement or any incentive compensation plan then in effect but not yet
paid, less any cash benefits received by him under any disability insurance
carried by or provided by the Company. Upon the Executive's "Permanent
Disability" (as defined below), which Permanent Disability continues during the
payment periods specified herein, the Company shall pay to the Executive for the
period of time specified below an amount (the "Disability Payment") equal to the
(i) sum of (A) the Base Salary paid in the same bi-weekly or other period
installments as in effect at the time of the Executive's Permanent Disability
plus (B) an amount equal to the Minimum Bonus payable to the Executive under
Section 3.2 of this Agreement or the minimum amount of any similar bonus or
incentive plans or programs then in effect if greater than the Minimum Bonus in
respect of the fiscal year during which the Executive's Permanent Disability
occurred, which amount, in any event, shall be paid in pro rata equal bi-weekly
installments over the period of time specified below (ii) reduced by the amount
of any monthly payments under any policy of disability income insurance paid for
by

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the Company which payments are received during the time when any Disability
Payment is being made to the Executive following the Executive's Permanent
Disability. For so long as the Executive's Permanent Disability continues, the
Disability Payment shall be paid by the Company to the Executive in equivalent
installments at the same time or times as would have been the case for payment
of Base Salary over the unexpired term of this Agreement if the Executive had
not become permanently disabled and had remained employed by the Company
hereunder, but in no case shall such period exceed 24 months. The Executive may
be entitled to receive payments under any disability income insurance which may
be carried by or provided by the Company from time to time. Upon "Permanent
Disability" (as that term is defined in Section 6.2(ii) below) of the Executive,
except as provided in this Section 6.2 all rights of the Executive under this
Agreement (other than rights already accrued or the Executive's rights under
Sections 3.7 shall terminate).

                  (ii) The term "Permanent Disability" as used in this Agreement
shall mean, the inability of the Executive, as determined by the Board of
Directors of the Company, by reason of physical or mental disability to perform
the duties required of him under this Agreement for a period of one hundred and
eighty (180) days in any 210-day period. Successive periods of disability,
illness or incapacity will be considered separate periods unless the later
period of disability, illness or incapacity is due to the same or related cause
and commences less than three months from the ending of the previous period of
disability. Upon such determination, the Board of Directors may terminate the
Executive's employment under this Agreement upon ten (10) days' prior written
notice. If any determination of the Board of Directors with respect to permanent
disability is disputed by the Executive, the parties hereto agree to abide by
the decision of a panel of three physicians. The Executive and Company shall
each appoint one member, and the third member of the panel shall be appointed by
the other two members. The Executive agrees to make himself available for and
submit to examinations by such physicians as may be directed by the Company.
Failure to submit to any such examination shall constitute a breach of a
material part of this Agreement.

                  7.       OTHER TERMINATIONS

                  7.1 By the Executive. (i) The Executive may terminate the
Executive's employment hereunder upon giving at least ninety (90) days' prior
written notice. In addition, the Executive shall have the right to terminate the
Executive's employment hereunder on the conditions and at the times provided for
in Section 7.4 of this Agreement.

                  (ii) If the Executive gives notice pursuant to the first
sentence of Section 7.1 (i) above, the Company shall have the right (but not the
obligation) to relieve the Executive, in whole or in part, of the Executive's
duties under this Agreement, or direct the Executive to no longer perform such
duties, or direct that the Executive should no longer report to work, or any
combination of the foregoing. In any such event, the Executive shall be entitled
to receive only the Base Salary not yet paid, as would otherwise have been
payable to the Executive up to the end of the month specified as the month of
termination in the termination notice. If the Executive gives notice pursuant to
the first sentence of Section 7.1 (i) above but specifies a termination date in
excess of ninety (90) days from the date of such notice, the Company shall have
the right (but not the obligation) to accelerate the termination date to any
date prior to the date specified in the notice that is in excess of ninety (90)
days from the date of the notice, and the Company shall have the right (but not
the

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obligation) to relieve the Executive, in whole or in part, of the Executive's
duties under this Agreement, or direct the Executive to no longer perform such
duties, or direct that the Executive should no longer report to work, or any
combination of the foregoing; provided, however, that in any such event the
Executive shall be entitled to receive the Base Salary, as would otherwise have
been payable to the Executive up to the end of the month of the termination date
properly selected by the Company. If the Executive gives notice pursuant to the
first sentence of Section 7.1 (i), upon receiving the payments provided for
under this Section 7.1, all rights of the Executive under this Agreement (other
than rights already accrued or the Executive's rights under Section 3.7) shall
terminate.

                  7.2 Termination for "Good Cause." (i) Except as otherwise
provided in this Agreement, the Company may terminate the employment of the
Executive hereunder only for "good cause," which shall mean the termination of
employment of Employee because of Employee's personal dishonesty, willful
misconduct, breach of fiduciary duty involving personal profit, intentional
failure to perform stated duties (including failure to travel to the Company's
headquarters to the extent necessary to complete his duties), willful violation
of any material law, rule or regulation resulting in the Company's detriment or
reflecting upon the Company's integrity (other than traffic infractions or
similar minor offenses) or a material breach by the Employee of the terms of
this Agreement and failure to cure such breach within thirty (30) days after
receipt of written notice from the Company specifying the nature of such breach
or to pay compensation to the Company deemed reasonable by the Company if the
breach cannot be cured.

                  (ii) If the employment of the Executive is terminated for good
cause under Section 7.2(i) of this Agreement, the Company shall pay to the
Executive any Base Salary earned prior to the effective date of termination but
not yet paid and any cash bonus compensation earned pursuant to the provisions
of this Agreement or any incentive compensation plan then in effect but not paid
to the Executive prior to the effective date of such termination. Under such
circumstances, such payments shall be in full and complete discharge of any and
all liabilities or obligations of the Company to the Executive hereunder, and
the Executive shall be entitled to no further benefits under this Agreement
(other than rights already accrued or the Executive's rights under Section 3.7).

                  (iii) Termination of the employment of the Executive, other
than as expressly specified above in Section 7.2(i) for good cause, shall be
deemed to be a termination of employment "Without Good Cause."

                  7.3 Termination Without Good Cause. (i) Notwithstanding any
other provision of this Agreement, the Company shall have the right to terminate
the Executive's employment Without Good Cause pursuant to the provisions of this
Section 7.3. If the Company shall terminate the employment of the Executive
Without Good Cause effective on a date earlier than the termination date
provided for in Section 2 (with the effective date of termination as so
identified by the Company being referred to herein as the "Accelerated
Termination Date"), the Executive, shall receive a lump sum cash payment equal
to a sum of (1) the number of years (or fractions thereof)

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remaining in the then unexpired term of this Agreement or two, whichever is
greater, multiplied by (A) the Base Salary, times the number of years plus (B)
an amount of cash equal to the Minimum Bonus payable to the Executive under
Section 3.2 of this Agreement or the minimum amount of any similar bonus or
incentive plans or programs then in effect if greater than the Minimum Bonus in
respect of the fiscal year during which the Executive's termination Without Good
Cause occurs plus (C) any other cash or other bonus compensation earned prior to
the date of such termination pursuant to the terms of all incentive compensation
plans then in effect other than any such plan relating to annual incentive cash
bonuses or any similar bonus or incentive plans or programs then in effect; and
(2) the additional payments necessary to discharge certain tax liabilities (the
"Gross Ups"), as the term is defined in Section 11 of this Agreement, provided
that, notwithstanding such termination of employment, the Executive's covenants
set forth in Section 9 are intended to and shall remain in full force and effect
and provided further that in the event of such termination, the Company shall
have the right (but not the obligation) to relieve the Executive, in whole or in
part, of the Executive's duties under this Agreement, or direct the Executive to
no longer perform such duties, or direct that the Executive no longer be
required to report to work, or any combination of the foregoing.

                  (ii) The parties agree that, because there can be no exact
measure of the damage that would occur to the Executive as a result of a
termination by the Company of the Executive's employment Without Good Cause, the
payments and benefits paid and provided pursuant to this Section 7.3 shall be
deemed to constitute liquidated damages and not a penalty for the Company's
termination of the Executive's employment Without Good Cause.

                  7.4 Termination by Executive For Good Reason. (i) The
Executive shall be entitled to terminate his employment hereunder for Good
Reason within one-year of the occurrence of an event constituting Good Reason.
For purposes of this Agreement, "Good Reason" shall mean the occurrence of any
of the following circumstances without the Executive's consent: (1) assignment
of the Executive to any duties substantially inconsistent with his position or
duties contemplated by this Agreement or a substantial reduction of his duties
contemplated by this Agreement; (2) the removal of any titles of the Executive
specified in Section 4 of this Agreement; (3) any breach of the Company's
obligation under this Agreement or any failure by the Company to carry out any
of its material obligations hereunder, and the failure to cure such breach or
failure within seven days after written notice of such breach or failure has
been delivered to the Company by the Executive; (4) a Change of Control (as
hereinafter defined); or (5) the relocation of the Executive or his office,
facilities, personnel, or equipment; provided however, it shall not constitute
"Good Reason" if the Executive or his office, facilities, personnel, or
equipment are relocated to any future location of the Company's corporate
headquarters and the relocated corporate headquarters is in a metropolitan area
with a population of at least 1,000,000 people.

                  (ii) For purposes of this Agreement, a "Change in Control"
shall mean the first to occur of:

                       (1)  a change in control of the Company of a nature that
                            is required, pursuant to the Securities Exchange
                            Act of 1934 (the "1934 Act"), to

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                         be reported in response to Item 1(a) of a Current
                         Report on Form 8-K or Item 6(e) of Schedule 14A under
                         the 1934 Act (in each case under this Agreement,
                         references to provisions of the 1934 Act and the rules
                         and regulations promulgated thereunder being
                         understood to refer to such law, rules and regulations
                         as the same are in effect on April 1, 1998); or

                    (2)  the acquisition of "Beneficial Ownership" (as defined
                         in Rule 13d-3 under the 1934 Act) of the Company's
                         securities comprising 25% or more of the combined
                         voting power of the Company's outstanding securities by
                         any "person" (as that term is used in Sections 13(d)
                         and 14(d)(2) of the 1934 Act and the rules and
                         regulations promulgated thereunder, but not including
                         any trustee or fiduciary acting in that capacity for an
                         employee benefit plan sponsored by the Company) and
                         such person's "affiliates" and "associates" (as those
                         terms are defined under the 1934 Act), but excluding
                         any ownership by the Executive and his affiliates and
                         associates; or

                    (3)  the closing of a sale of all or substantially all of
                         the assets of the Company;

                    (4)  the Company's adoption of a plan of dissolution or
                         liquidation; or

                    (5)  the closing of a merger or consolidation involving the
                         Company in which the Company is not the surviving
                         corporation or if, immediately following such merger or
                         consolidation, less than seventy-five percent (75%) of
                         the surviving corporation's outstanding voting stock is
                         held or is anticipated to be held by persons who are
                         stockholders of the Company immediately prior to such
                         merger or consolidation.

               (iii) If an event constituting Good Reason occurs, the Executive
shall have the right, exercisable for a period of one year thereafter by
delivering a written statement to that effect to the Company, to immediately
terminate this Agreement and upon such a determination the Executive shall have
the right to receive and the Company shall be obligated to pay to Executive in
cash a lump sum payment in an amount equal to the sum of (1) three times (A) the
Base Salary then in effect, plus (B) the Minimum Bonus payable to the Executive
under Section 3.2 of this Agreement or the minimum amount of any similar bonus
or incentive plans or programs then in effect if greater than the Minimum Bonus
in respect of the fiscal year during which the Executive exercises his rights to
terminate his employment under this Section 7.4(iii) and plus (C) any other cash
or other bonus compensation earned prior to the date of such termination
pursuant to the terms of all incentive compensation plans then in effect other
than any such plan relating to annual incentive cash bonuses or any similar
bonus or incentive plans or programs then in effect; and (2) the Gross Up (the
sum of the foregoing amounts other than the Gross Up being referred to as the
"Good Reason Termination Payment"). If the Executive fails to exercise his
rights under this Section 7.4(iii) within one year

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following an event constituting Good Reason, such rights shall expire and be of
no further force or effect.

                  7.5 Intentions Regarding Certain Stock and Benefit Plans.
Except as otherwise provided herein, upon any termination of the Executive's
employment Without Good Cause or upon the exercise by the Executive of his
rights to terminate his employment for Good Reason, it is the intention of the
parties that any and all vesting or performance requirements or conditions
affecting any outstanding restricted stock, performance stock, stock option,
stock appreciation right, bonus, award, right, grant or any other incentive
compensation under the Mesa Air Group Employee Stock Option Plan or any other
similar incentive plan, under this Agreement, or otherwise received, shall be
deemed to be fully satisfied and any risk of forfeiture with respect thereto
shall be deemed to have lapsed.

                  7.6 Certain Rights Mutually Exclusive. The provisions of
Section 7.3 and Section 7.4 are mutually exclusive, provided, however, that if
within one year following commencement of an 7.4 payout there shall be a Change
in Control as defined in Section 7.4(ii), then the Executive shall be entitled
to the amount payable to the Executive under Section 7.4(iii) reduced by the
amount that the Executive has received under Section 7.3 up to the date of the
Change in Control. The triggering of the lump sum payment requirement of Section
7.4 shall cause the provisions of Section 7.3 to become inoperative.

                  8.       DISCLOSURE

                  The Executive agrees that during and after the term of the
Executive's employment by the Company, the Executive will disclose and disclose
only to the Company all ideas, methods, plans, developments or improvements
known by him which relate directly or indirectly to the business of the Company,
whether acquired by the Executive before or during the Executive's employment by
the Company. Nothing in this Section 8 shall be construed as requiring any such
communication where the idea, plan, method or development is lawfully protected
from disclosure as a trade secret of a third party or by any other lawful
prohibition against such communication.

                  9.       CONFIDENTIALITY

                  The Executive agrees to keep in strict secrecy and confidence
any and all information the Executive assimilates or to which the Executive has
access during the Executive's employment by the Company and which has not been
publicly disclosed and is not a matter of common knowledge in the fields of work
of the Company, including but not limited to information regarding the Company's
trade secrets, business plans, marketing plans or programs, any non-public
financial information, including forecasts, statistics relating to routes and
markets, contracts, customers, compensation arrangements and business
opportunities (collectively, the "Confidential Information"). The Executive
agrees that both during and after the term of the Executive's employment by the
Company, the Executive will not, without the prior written consent of the
Company, disclose any Confidential information to any third person, partnership,
joint venture, company, corporation or other organization. The foregoing
covenants shall not be breached to the

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extent that any such confidential information becomes a matter of general
knowledge other than through a breach by a person with an obligation to the
Company to maintain such confidentiality (and the Executive knows that such
person had an obligation to keep such information confidential), including but
not limited to the Executive's obligations to the Company under this Section 9.

                  10.      SPECIFIC PERFORMANCE

                  The Executive agrees that damages at law will be an
insufficient remedy to the Company if the Executive violates the terms of
Sections 8 or 9 of this Agreement and that the Company would suffer irreparable
damage as a result of such violation. Accordingly, it is agreed that the Company
shall be entitled, upon application to a court of competent jurisdiction, to
obtain injunctive relief to enforce the provisions of such Sections, which
injunctive relief shall be in addition to any other rights or remedies available
to the Company.

                  11.      PAYMENT OF EXCISE TAXES

                  11.1 Payment of Excise Taxes. If the Executive is to receive
any (1) Good Reason Termination Payment under Section 7.4 of this Agreement, (2)
any benefit or payment under Section 6 as a result of or following the death or
Permanent Disability of the Executive, (3) any benefit or payment under Section
7.3 as a result of or following any termination of employment hereunder Without
Good Cause, (4) any benefit or payment under the Plans as a result of a Change
of Control, following the death or Permanent Disability of the Executive or
following the termination of employment hereunder Without Good Cause (such
sections being referred to as the "Covered Sections" and the benefits and
payments to be received thereunder being referred to as the "Covered Payments"),
the Executive shall be entitled to receive the amount described below to the
extent applicable: If any Covered Payment(s) under any of the Covered Sections
or by the Company under another plan or agreement (collectively, the "Payments")
are subject to the excise tax imposed by Section 4999 of the Internal Revenue
Code of 1986 (as amended from time to time, the "Code"), or any successor or
similar provision of the Code (the "Excise Tax"), the Company shall pay the
Executive an additional cash amount (the "Gross Up") such that the net amount
retained by the Executive after deduction of any Excise Tax on the Payments and
the federal income tax and Excise Tax on any amounts paid under this Section 11
shall be equal to the Payments. The Gross-Up shall not include the amount of
state or federal income tax owed by the Executive on the amount of the Payments
excluding any state or federal income tax on the Gross-Up.

                  11.2 Certain Adjustment Payments. For purposes of determining
the Gross Up, the Executive shall be deemed to pay the federal income tax at the
highest marginal rate of taxation (currently 39.6%) in the calendar year in
which the payment to which the Gross Up applies is to be made. The determination
of whether such Excise Tax is payable and the amount thereof shall be made upon
the opinion of tax counsel selected by the Company and reasonably acceptable to
the Executive. The Gross Up, if any, that is due as a result of such
determination shall be paid to the Executive in cash in a lump sum within thirty
(30) days of such computation. If such opinion is not finally accepted by the
Internal Revenue Service upon audit or otherwise, then appropriate adjustments
shall be computed (without interest but with Gross Up, if applicable) by such
tax

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counsel based upon the final amount of the Excise Tax so determined; any
additional amount due the Executive as a result of such adjustment shall be paid
to the Executive by his or her Company in cash in a lump sum within thirty (30)
days of such computation, or any amount due the Executive's Company as a result
of such adjustment shall be paid to the Company by the Executive in cash in a
lump sum within thirty (30) days of such computation.

                  12.      MISCELLANEOUS

                  12.1     Waiver of Breach.  The waiver by either party to
this Agreement of a breach of any of the provisions of this Agreement by the
other party shall not be construed as a waiver of any subsequent breach by such
other party.

                  12.2 Compliance With Other Agreements. The Executive
represents and warrants that the execution of this Agreement by him and the
Executive's performance of the Executive's obligations hereunder will not
conflict with, result in the breach of any provision of or the termination of or
constitute a default under any Agreement to which the Executive is a party or by
which the Executive is or may be bound.

                  12.3  Binding Effect: Assignment.  The rights and obligations
of the Company under this Agreement shall inure to the benefit of and shall be
binding upon the successors and assigns of the Company.  This Agreement is a
personal employment contract and the rights, obligations and interests of the
Executive hereunder may not be sold, assigned, transferred, pledged or
hypothecated.

                  12.4     Entire Agreement.  This Agreement contains the entire
agreement and supersedes all prior agreements and understandings, oral or
written, with respect to the subject matter hereof.  This Agreement may be
changed only by an agreement in writing signed by the party against whom any
waiver, change, amendment, modification or discharge is sought

                  12.5     Headings.  The headings contained in this Agreement
are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement.

                  12.6 No Duty to Mitigate. The Executive shall be under no duty
to mitigate any loss of income as result of the termination of his employment
hereunder and any payments due the Executive upon termination of employment
shall not be reduced in respect of any other employment compensation received by
the Executive following such termination.

                  12.7     Nevada Law.  This Agreement shall be construed
pursuant to and governed by the substantive laws of the State of Nevada (except
that any provision of Nevada law shall not apply if the law of a state or
jurisdiction other than Nevada would otherwise apply).

                  12.8 Severability. Any provision of this Agreement which is
determined by a court of competent jurisdiction to be prohibited, unenforceable
or not authorized in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition, unenforceability or non-
authorization without invalidating the remaining provisions hereof or affecting
the validity,

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enforceability or legality of such provision in any other jurisdiction. In any
such case, such determination shall not affect any other provision of this
Agreement, and the remaining provisions of this Agreement shall remain in full
force and effect. If any provision or term of this Agreement is susceptible to
two or more constructions or interpretations, one or more of which would render
the provision or term void or unenforceable, the parties agree that a
construction or interpretation which renders the term or provision valid shall
be favored.

                  12.9     Deduction for Tax Purposes.  The Company's
obligations to make payments under this Agreement are independent of whether any
or all of such payments are deductible expenses of the Company for federal
income tax purposes.

                  12.10 Enforcement. If, within ten (10) days after demand to
comply with the obligations of one of the parties to this Agreement served in
writing on the other, compliance or reasonable assurance of compliance is not
forthcoming, and the party demanding compliance engages the services of an
attorney to enforce rights under this Agreement, the prevailing party in any
action shall be entitled to recover all reasonable costs and expenses of
enforcement (including reasonable attorneys' fees and reasonable expenses during
investigation, before and at trial and in appellate proceedings). In addition,
each of the parties agrees to indemnify the other in respect of any and all
claims, losses, costs, liabilities and expenses, including reasonable fees and
reasonable disbursements of counsel (during investigation prior to initiation of
litigation and at trial and in appellate proceedings if litigation ensues),
directly or indirectly resulting from or arising out of a breach by the other
party of their respective obligations hereunder. The parties' costs of enforcing
this Agreement shall include prejudgment interest. Additionally, if any party
incurs any out-of-pocket expenses in connection with the enforcement of this
Agreement, all such amounts shall accrue interest at ten percent (10%) per annum
(or such lower rate as may be required to avoid any limit imposed by applicable
law) commencing thirty (30) days after any such expenses are incurred.

                                      -11-

<PAGE>

                  12.11 Notices. All notices which are required or may be given
under this Agreement shall be in writing and shall be deemed to have been duly
given when received if personally delivered; when transmitted if transmitted by
telecopy or similar electronic transmission method; one working day after it is
sent, if sent by recognized expedited delivery service; and three days after it
is sent, if mailed, first class mail, certified mail, return receipt requested,
with postage prepaid. In each case notice shall be sent to:

                  To the Company:         c/o Mesa Airlines, Inc.
                                          410 North 44th Street  Suite 700
                                          Phoenix, AZ 85008
                                          Attn: Chief Executive Officer
                                          Telephone: (602) 685-4000

                  To the Executive at the Executive's last known address, or to
such other address as either party may specify by written notice to the other.

             [THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

                                      -12-

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement the day and year first above written.

                                       MESA AIR GROUP, INC.

                                       By:
                                          -------------------------------------
                                                                           Date
                                       Name:  Jonathan Ornstein
                                       Title: Chief Executive Officer

                                       By:
                                          -------------------------------------
                                                                           Date
                                       Brian Gillman

                                      -13-EXHIBIT 10.1

                        AUTO-TROL TECHNOLOGY CORPORATION

                           INCENTIVE STOCK OPTION PLAN

                      (Revised effective January 30, 2001)

I.        PURPOSE

          This Auto-trol Technology Corporation Incentive Stock Option Plan (the
          "Plan") provides for the grant of Stock Options to Key Employees of
          Auto-trol Technology Corporation ("the Company") and its Participating
          Subsidiaries in order to advance the interests of the Company and its
          Participating Subsidiaries through the motivation, attraction and
          retention of their Key Employees. This Plan is intended to qualify
          options granted hereunder as Incentive Stock Options under Section
          422A Internal Revenue Code of 1986, as amended.

II.       ADMINISTRATION

          2.1  Committee
               ---------
               The Plan shall be administered by the Compensation Committee of
               the Company (the "Committee") which shall be composed of at least
               two (2) or more members of the Board of Directors of the Company
               (the "Board"), all of whom shall be Disinterested Persons. The
               Committee shall have full authority to administer the Plan,
               including authority to interpret and construe any provision of
               the Plan and to adopt such rules and regulations for
               administering the Plan as it may deem necessary in order to
               comply with the requirements of the Plan. The Committee may
               delegate any of its responsibilities under the Plan, other than
               its responsibilities to grant Stock Options, or to interpret and
               construe the Plan.

          2.2  Actions of the Committee
               ------------------------
               All actions taken and all interpretations and determinations made
               by the Committee in good faith (including determinations of Fair
               Market Value) shall be final and binding upon all Key Employees
               and the Company. No member of the Committee shall be personally
               liable for any action, determination or interpretation made in
               good faith with respect to the Plan and all members of the
               Committee shall, in addition to their rights as directors of the
               Company, be fully protected by the Company with respect to any
               such action, determination or interpretation.

<PAGE>

III.      DEFINITIONS

          3.1  "Stock Option"
               --------------
               A Stock Option is the right granted by the Committee to a Key
               Employee to purchase the number of shares of Common Stock at such
               time or times as determined by the Committee.

          3.2  "Key Employee"
               --------------
               A Key Employee is an employee of the Company or any Participating
               Subsidiary whose judgment, initiative and continued efforts are
               expected to contribute to the successful conduct of the business
               of the Company or any Participating Subsidiary, and who has been
               employed by the Company or any Participating Subsidiary for more
               than three (3) months prior to the grant of the Stock Option.

          3.3  "Participating Subsidiary"
               --------------------------
               A Participating Subsidiary is any subsidiary of the Company
               meeting the definition of Section 425(f) of the Internal Revenue
               Code of 1986, as amended (the "Code").

          3.4  "Incentive Stock Option"
               ------------------------
               An Incentive Stock Option is an option which qualifies for
               treatment as an incentive stock option pursuant to Section 422A
               of the Code, as amended from time to time.

          3.5  "Disinterested Person"
               ----------------------
               A Disinterested Person shall have the meaning set forth in Rule
               16b-3(c)(2)(i) and its successor promulgated under the Securities
               Exchange Act of 1934.

          3.6  "Fair Market Value"
               -------------------
               The Fair Market Value of a share of Common Stock on any date
               shall be the average of the representative highest and lowest
               prices, as quoted by the National Association of Securities
               Dealers through the Over-the Counter Bulletin Board, for the date
               in question, or, if the Common Stock is listed on a national
               stock exchange, the average of the highest and lowest
               officially-quoted prices on such exchange on the date in
               question.

          3.7  "Common Stock"
               --------------
               A share of Common Stock means a share of authorized but unissued
               or reacquired $.02 par value common stock of the Company.

                                       2

<PAGE>

          3.8  "Option Price"
               --------------
               Option Price is the Fair Market Value of the Common Stock on the
               date that the Stock Option is granted.

IV.       ELIGIBILITY AND PARTICIPATION

          4.1  Grants
               ------
               Grants of Stock Options may be made to Key Employees of the
               Company or any participating Subsidiary. Any director of the
               Company or of a Participating Subsidiary who is also a Key
               Employee shall also be eligible to receive Stock Options, but no
               member of the Committee shall be eligible to receive Stock
               Options. The Committee shall from time to time determine the Key
               Employees to whom Stock Options shall be granted, the number of
               Stock Options to be granted to each such Key Employee, and the
               terms and provisions of such Stock Options. Each Stock Option
               grant shall be evidenced by a written agreement between the
               Company and a Key Employee (the "Incentive Stock Option
               Agreement") containing such terms and provisions as the Committee
               may determine in accordance with the provisions of this Plan. The
               aggregate Fair Market Value (determined at the time of grant of a
               Stock Option) of the Common Stock exercisable for the first time
               by a Key Employee during any calendar year shall not exceed one
               hundred thousand dollars ($100,000). The purchase price for each
               share of Common Stock shall be the Option Price on the date on
               which the Stock Option is granted. Grants must be accepted by the
               Key Employee within 45 days of grant or, prior to the end of the
               fiscal year in which the grant is made, whichever date occurs
               first.

          4.2  Exchange for Options under this Plan
               ------------------------------------
               The Committee may grant Stock Options to replace options
               previously granted to Key Employees who hold options to purchase
               Common Stock under other stock option or performance share plans
               ("Replacement Stock Options") Key Employees, in their sole
               discretion, may within thirty (30) days following execution of
               the Incentive Stock Option Agreement, consent to the conversion
               of options granted under any such previous plans. Replacement
               Stock Options granted pursuant to this Section 4.2 shall be
               granted in the ratio of a Stock Option to purchase one share of
               Common Stock for each option under such applicable previous
               plans. The price for each such Replacement Stock Option shall be
               the Option Price of Common Stock on the date that the Stock
               Option is granted. The Committee, in its sole discretion, may
               vary the terms and conditions of Replacement Stock Options
               offered in exchange for options under such previous plans,
               subject to the same limitations imposed on grants of new
               Replacement Stock Options under this Plan.

                                       3

<PAGE>

V.        SHARES OF COMMON STOCK SUBJECT TO THE PLAN

          5.1  Maximum Number
               --------------
               The maximum, aggregate number of shares of Common Stock that may
               be made subject to Stock Options granted under the Plan shall be
               four million (4,000,000) under this Plan, and the Company's
               Special Purpose Stock Option Plan collectively, as determined
               from time to time to be appropriate by the Committee. In no event
               shall the total amount of shares for which options are granted
               under both Plans exceed 4,000,000 shares. If any shares of Common
               Stock subject to Stock Options are not purchased or otherwise
               paid for before such Stock Options expire, such shares may again
               be made subject to Stock Options.

          5.2  Capital Changes
               ---------------
               In the event any changes are made to the shares of Common Stock
               (whether by reason of merger, consolidation, reorganization,
               recapitalization, stock dividend in excess of ten percent (10%)
               at any single time, stock split, combination of shares, exchange
               of shares, change in corporate structure or otherwise),
               appropriate adjustments shall be made in the number of shares of
               Common Stock theretofore made subject to Stock Options. If any of
               the foregoing adjustments shall result in a fractional share, the
               fraction shall be disregarded. All adjustments to the number of
               Stock Options granted as a result of application of this Section
               must be made to conform with the requirements set forth in
               Section 425(a) of the Code.

          5.3  Compliance with Securities Law
               ------------------------------
               The Company is under no obligation to register or to maintain any
               registration of the shares subject to these options under the
               Securities Act of 1933, or any state securities law. If the
               shares are not so registered, they may be sold and issued to the
               Key Employee only pursuant to applicable exemptions from the
               registration requirements of such laws, which may include an
               exemption for transactions not involving a public offering. The
               Company may endorse or cause to be endorsed on such certificate
               or certificates an appropriate legend referring to the foregoing
               restrictions, if applicable.

                                       4

<PAGE>

VI.       EXERCISE OF STOCK OPTIONS

          6.1  Date of Exercise

               Except as provided below and in Section 6.3, Stock Options may be
               exercised at the dates, and in the quantities in accordance with
               the schedule set forth below:

               -------------------------------------------  -------------------
                                                             Maximum Number of

                      Date of Exercise                      Options Exercisable

                                                                (Cumulative)
               ===========================================  ===================

               First Anniversary of Grant of Stock Option           20%
               -------------------------------------------  -------------------
               -------------------------------------------  -------------------

               Second Anniversary of Grant of Stock Option          20%
               -------------------------------------------  -------------------
               -------------------------------------------  -------------------

               Third Anniversary of Grant of Stock Option           20%
               ------------------------------------------   -------------------
               ------------------------------------------   -------------------

               Fourth Anniversary of Grant of Stock Option          20%
               -------------------------------------------  -------------------
               -------------------------------------------  -------------------

               Fifth Anniversary of Grant of Stock Option           20%
               ------------------------------------------   -------------------

               A Stock Option shall expire, to the extent not exercised, on the
               tenth anniversary of the date on which it was granted. Any shares
               of Common Stock not purchased at the time a Stock Option first
               becomes exercisable shall remain exercisable at any time until
               the Stock Option expires. The schedule set forth above shall be
               applied separately to each Stock Option granted to a Key
               Employee. The Committee may, in its discretion, establish
               provisions for the exercise of Stock Options different from those
               described above.

          6.2  Exchange of Outstanding Stock

               The Committee, in its sole discretion, may permit a Key Employee
               to surrender to the Company shares of Common Stock previously
               acquired by the Key Employee as part or full payment for the
               exercise of a Stock Option. Such surrendered shares shall be
               valued at their Fair Market Value as of the date they are
               tendered to the Company.

          6.3  Termination of Employment Before Exercise

               If a Key Employee's employment with the Company or a
               Participating Subsidiary shall terminate by reason of the Key
               Employee's death or disability, any Stock Option then held by the
               Key Employee shall remain exercisable for a period of one (1)
               year following such termination, to the extent such Stock Option
               is then exercisable as provided in Section 6.1 or which Stock
               Option becomes exercisable during the one year period following
               such termination. If a Key Employee's employment with the Company
               or a Participating Subsidiary shall terminate for any reason
               other than the Key Employee's death or disability, any Stock
               Option then held by the Key Employee shall remain exercisable
               after the termination of his or her employment for a period of
               thirty (30) days, to the extent such Stock Option was exercisable
               as provided in Section 6.1 as of the date of termination. During
               such periods, Stock Options shall be exercisable to the maximum
               extent permitted by Section 422A of the Code and regulations
               issued thereunder as then in effect. If the Stock Option is not
               exercised during the applicable period, it shall be deemed to
               have expired and be of no further force or effect.

                                       5

<PAGE>

          6.4  Availability of Stock Previously Subject to Option

               Any shares of Common Stock which were subject to Stock Options,
               but such Stock Options have expired, shall again be available for
               purposes of granting Stock Options under this Plan.

VII.      NO CONTRACT OR EMPLOYMENT

          Nothing in this Plan or in the Incentive Stock Option Agreement shall
          confer upon the Key Employee the right to continue in the employ of
          the Company or any Participating Subsidiary, nor shall it interfere in
          any way with the right of the Company or any such Participating
          Subsidiary to discharge the Key Employee at any time for any reason
          whatsoever, with or without cause.

VIII.     RIGHTS AS A SHAREHOLDER

          A Key Employee shall have no rights as a shareholder with respect to
          any shares of Common Stock subject to Stock Options granted to him or
          her under the Plan. No adjustments shall be made for dividends,
          distributions or other rights (for which the record date is prior to
          the date of exercise) to any shares of Common Stock issued to a Key
          Employee upon exercise of a Stock Option.

IX.       COMPLIANCE WITH SECURITIES LAWS

          With regard to any Stock Option awarded under this Plan, or any rights
          acquired by a Key Employee under this Plan, the recipient shall comply
          with the six-month holding period requirements of Rule 16b-3(c)(1),
          and its successor promulgated under the Securities Exchange Act of
          1934, and with applicable state securities laws, with regard to the
          holding of Stock Options and/or Common Stock.

X.        ASSIGNABILITY; EXERCISE

          No Stock Option awarded under this Plan, or any rights acquired by a
          Key Employee under this Plan, shall be assignable or transferable by a
          Key Employee other than by will or applicable law of intestate
          succession. During a Key Employee's lifetime, Stock Options may only
          be exercised by such Key Employee.

XI.       MERGER OR LIQUIDATION OF THE COMPANY

          In the event the Company or its controlling shareholders enter into an
          agreement to dispose of all, or substantially all, of the assets or
          outstanding capital stock of the Company by means of a sale or
          liquidation, or a merger or reorganization in which the Company is not
          the surviving corporation ("Change of Control"), then options granted
          hereunder and otherwise exercisable in the twenty-four (24) month
          period following the date on which the Change of Control takes place
          shall for all purposes be exercisable as of the day before such Change
          of Control takes place, even though the dates upon which such options
          are otherwise exercisable have not yet occurred. No portion of a Stock
          Option shall become exercisable hereunder after termination of the Key
          Employee's employment with the Company except as provided in Section
          6.3 above.

XII.      WITHHOLDING TAXES

          The Company or any Participating Subsidiary will take such steps for
          the withholding of any taxes which the Company or any Participating
          Subsidiary is required, by law or regulation of any governmental
          authority, to withhold in connection with the exercise of any Stock
          Option. Such steps include, but are not limited to, the withholding of
          issuance of shares of Common Stock to be issued upon exercise of any
          Stock Option, until the Key Employee reimburses the Company or any
          Participating Subsidiary for the amount the Company or any
          Participating Subsidiary is required to withhold with respect to such
          taxes, or reacquiring any portion of such exercise in an amount
          sufficient to reimburse itself for the amount it is required to so
          withhold.

                                       6

<PAGE>

XIII.     AMENDMENT

          The Board may from time to time alter, amend, suspend or discontinue
          the Plan, provided, however, that no such action shall adversely
          affect the rights and obligations with respect to Stock Options
          outstanding under the Plan, and provided further that no such action
          shall, without the approval of the shareholders of the Company, (i)
          increase the maximum number of shares of Common Stock that may be made
          subject to Stock Options (unless such increase is necessary to affect
          the adjustments required by Section 5.2); or (ii) materially increase
          the benefits accruing to Key Employees under the Plan; or (iii)
          materially modify the requirements of eligibility for participation in
          the Plan.

XIV.      EFFECTIVE DATE

          The Plan shall become effective as of the date of its adoption by the
          Board, provided it is approved by the shareholders of the Company
          within twelve (12) months after that date. Amendments to the Plan
          shall become effective as of the date such amendments are adopted by
          the Board. If such amendments require shareholder approval in
          accordance with Section XII of this Plan, such amendments shall
          nonetheless become effective as of the date of their adoption by the
          Board, conditioned upon approval by the shareholders of the Company
          within twelve (12) months after that date.

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