Bankruptcy Rumors
12-19-2022, 09:23 AM
#221
Here for the money
Joined APC: Sep 2022
Position: Doggy
Posts: 15
Reporting live from the training center in Mesa, officials have confirmed the arrival of the United CEO Scott Kirby. Mesa employees are frantically aligning chairs in the lobby in the hopes of hearing a confirmed deal with United and not just a handshake deal.
Jim, back to you
Jim, back to you
12-19-2022, 09:30 AM
#222
Line Holder
Joined APC: Jan 2021
Posts: 57
Reporting live from the training center in Mesa, officials have confirmed the arrival of the United CEO Scott Kirby. Mesa employees are frantically aligning chairs in the lobby in the hopes of hearing a confirmed deal with United and not just a handshake deal.
Jim, back to you
Jim, back to you
12-19-2022, 12:06 PM
#224
Here for the money
Joined APC: Sep 2022
Position: Doggy
Posts: 15
Here’s the cliff notes of the meeting
Kirby’s responses
2% a month flow per month to united through the Aviate program. First day of Indoc to United would be 4 years
No scope issues, will park ERJs to fly crjs
Domiciles will remain the same
Not buying Mesa/Not absorbing
Deal will be done/finalized by the end of the year. “All we have to do is cross the ts and dot the i’s”
Oresteins responses
Said Mesa asked to get out of American deal
Opening a base in Denver
Trying to increase training numbers but short on LCA/instructors
Played a song from his phone he made through artificial intelligence. Rap song. “Switching it up I’m dropping American for United “. (Yes I’m not kidding, super cringe)
Kirby’s responses
2% a month flow per month to united through the Aviate program. First day of Indoc to United would be 4 years
No scope issues, will park ERJs to fly crjs
Domiciles will remain the same
Not buying Mesa/Not absorbing
Deal will be done/finalized by the end of the year. “All we have to do is cross the ts and dot the i’s”
Oresteins responses
Said Mesa asked to get out of American deal
Opening a base in Denver
Trying to increase training numbers but short on LCA/instructors
Played a song from his phone he made through artificial intelligence. Rap song. “Switching it up I’m dropping American for United “. (Yes I’m not kidding, super cringe)
12-19-2022, 12:16 PM
#225
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,603
So pretty much as speculated. Park 175s, fly CRJs.
"Oh Kirby would never replace 175's with CRJs".
Yep yep.
I'd say we all know they will close PHX and DFW eventually, but for now this is just a stop gap to prevent a massive training wave they can't afford. Helps Mesa to fly more airframes on the UA side, but won't stop the bleeding.
Sounds like a bit of a non-event.
"Oh Kirby would never replace 175's with CRJs".
Yep yep.
I'd say we all know they will close PHX and DFW eventually, but for now this is just a stop gap to prevent a massive training wave they can't afford. Helps Mesa to fly more airframes on the UA side, but won't stop the bleeding.
Sounds like a bit of a non-event.
12-19-2022, 12:43 PM
#228
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,603
12-19-2022, 12:46 PM
#229
Line Holder
Joined APC: Nov 2009
Posts: 51
The question remains, will they run out of cash by the time they turn it around.
"Mesa (MESA.NaE) is pursuing other avenues to increase liquidity through the sale of additional surplus aircraft, spare parts and spare engines,"
Sounds like they're having to burn some of the family furniture to stay warm.
"Mesa (MESA.NaE) is pursuing other avenues to increase liquidity through the sale of additional surplus aircraft, spare parts and spare engines,"
Sounds like they're having to burn some of the family furniture to stay warm.
12-19-2022, 12:48 PM
#230
Line Holder
Joined APC: Aug 2018
Posts: 61
I realize this information may now be unnecessary, but I spent the past 10 minutes looking it up so here it is anyway....
1-C-1-a-(2) On or after January 1, 2014 United Express Carriers may operate United Express Flying under the following limitations:
1-C-1-a-(2)-(a) 37-Seat Turboprop Aircraft; and
1-C-1-a-(2)-(b) 50-Seat Aircraft, provided that such aircraft do not number more than ninety percent (90%) of the number of single aisle aircraft in the Company Fleet; and
12 1-C-1-a-(2)-(c) Up to a total of 255 76-Seat Aircraft plus 70-Seat Aircraft (“76/70-Seat Aircraft”), of which up to 130 may be 76-Seat Aircraft, and then, on or after January 1, 2016, up to 153 76-Seat Aircraft.
1-C-1-g Number of 76-Seat Aircraft
If the Company adds New Small Narrowbody aircraft to the Company Fleet, then on or after January 1, 2016, the number of permitted 76-Seat Aircraft may increase from 153 (as permitted under Section 1-C-1-a-(2)-(c)) up to a total of 223 76-Seat Aircraft, and the number of permitted 76/70-Seat Aircraft may increase from 255 as permitted under Section 1-C-1-a-(2)-(c)) up to a total of 325 76/70-Seat Aircraft, except that once the number of 76/70-Seat Aircraft exceeds 255, then the number of 70-Seat Aircraft may not be more than 102. 76-Seat Aircraft (above 153 such Aircraft) may be added on a one 76-Seat Aircraft for each one and one quarter New small Narrowbody Aircraft (1:1.25) ratio (rounded to the closest integer). In addition, in the event more than 153 76-Seat Aircraft are in United Express Flying, the Company shall remove from United Express Flying a number of 50-Seat Aircraft determined as follows:
1. “FSFC” is the number of 50-Seat Aircraft in United Express Flying on the date that the 154th 76-Seat Aircraft enters United Express Flying.
2. Subtract 125 from FSFC.
3. Divide the number resulting from step 2 by seventy (70). This results in a factor “X” rounded to the second decimal place.
4. For each 76-Seat Aircraft added to United Express Flying above 153, remove from United Express Flying a number of 50-Seat Aircraft no less than X, with the resulting number of 50-Seat Aircraft to be removed, rounded to the closest integer.
5. Example 1: If the number of 50-Seat Aircraft in United Express Flying is 334, then FSFC125 equals 209; when 209 is divided by seventy (70), then X = 2.99
6. Example 2: If the number of 50-Seat Aircraft in United Express Flying is 488, then FSFC125 equals 363; when 363 is divided by seventy (70), then X = 5.19.
For the phrase “rounded to the closest integer,” in step 4, the values .1 to .4 shall be rounded down to the next lower whole number and the values .5 to .9 shall be rounded up to the next higher whole number.
1-C-1-g-(1) If on January 1, 2016, or any succeeding January 1 thereafter, the number of 50-Seat Aircraft in United Express Flying exceeds the maximum permitted number, the Company shall require United Express Carriers that engage in United Express Flying to suspend or cease operations on a sufficient number of 50-Seat Aircraft or 76-Seat Aircraft to comply with these requirements within sixty (60) days and to remain in compliance thereafter. The Company shall be excused from compliance with the provisions of this Section 1-C-1-g-(1) in the event a Circumstance Beyond the Company’s Control is the cause of such non-compliance
1-C-1-a-(2)-(a) 37-Seat Turboprop Aircraft; and
1-C-1-a-(2)-(b) 50-Seat Aircraft, provided that such aircraft do not number more than ninety percent (90%) of the number of single aisle aircraft in the Company Fleet; and
12 1-C-1-a-(2)-(c) Up to a total of 255 76-Seat Aircraft plus 70-Seat Aircraft (“76/70-Seat Aircraft”), of which up to 130 may be 76-Seat Aircraft, and then, on or after January 1, 2016, up to 153 76-Seat Aircraft.
1-C-1-g Number of 76-Seat Aircraft
If the Company adds New Small Narrowbody aircraft to the Company Fleet, then on or after January 1, 2016, the number of permitted 76-Seat Aircraft may increase from 153 (as permitted under Section 1-C-1-a-(2)-(c)) up to a total of 223 76-Seat Aircraft, and the number of permitted 76/70-Seat Aircraft may increase from 255 as permitted under Section 1-C-1-a-(2)-(c)) up to a total of 325 76/70-Seat Aircraft, except that once the number of 76/70-Seat Aircraft exceeds 255, then the number of 70-Seat Aircraft may not be more than 102. 76-Seat Aircraft (above 153 such Aircraft) may be added on a one 76-Seat Aircraft for each one and one quarter New small Narrowbody Aircraft (1:1.25) ratio (rounded to the closest integer). In addition, in the event more than 153 76-Seat Aircraft are in United Express Flying, the Company shall remove from United Express Flying a number of 50-Seat Aircraft determined as follows:
1. “FSFC” is the number of 50-Seat Aircraft in United Express Flying on the date that the 154th 76-Seat Aircraft enters United Express Flying.
2. Subtract 125 from FSFC.
3. Divide the number resulting from step 2 by seventy (70). This results in a factor “X” rounded to the second decimal place.
4. For each 76-Seat Aircraft added to United Express Flying above 153, remove from United Express Flying a number of 50-Seat Aircraft no less than X, with the resulting number of 50-Seat Aircraft to be removed, rounded to the closest integer.
5. Example 1: If the number of 50-Seat Aircraft in United Express Flying is 334, then FSFC125 equals 209; when 209 is divided by seventy (70), then X = 2.99
6. Example 2: If the number of 50-Seat Aircraft in United Express Flying is 488, then FSFC125 equals 363; when 363 is divided by seventy (70), then X = 5.19.
For the phrase “rounded to the closest integer,” in step 4, the values .1 to .4 shall be rounded down to the next lower whole number and the values .5 to .9 shall be rounded up to the next higher whole number.
1-C-1-g-(1) If on January 1, 2016, or any succeeding January 1 thereafter, the number of 50-Seat Aircraft in United Express Flying exceeds the maximum permitted number, the Company shall require United Express Carriers that engage in United Express Flying to suspend or cease operations on a sufficient number of 50-Seat Aircraft or 76-Seat Aircraft to comply with these requirements within sixty (60) days and to remain in compliance thereafter. The Company shall be excused from compliance with the provisions of this Section 1-C-1-g-(1) in the event a Circumstance Beyond the Company’s Control is the cause of such non-compliance
Last edited by queso; 12-19-2022 at 12:52 PM. Reason: added additional context
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