Bankruptcy Rumors
#41
Banned
Joined APC: Apr 2014
Posts: 1,291
#42
Gets Weekends Off
Joined APC: Oct 2017
Posts: 933
And honestly when I left it was painfully obvious the AA contract was on the way out. Anyone surprised by this has simply not been paying attention.
#45
Gets Weekends Off
Joined APC: Dec 2021
Posts: 661
#46
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,603
If there is no pathway for the UA scope, Ornstein should go to prison. Mesa is a publicly traded company, you legally cannot say these "best deal ever" things unless you materially know them to be true.
#48
Line Holder
Joined APC: May 2022
Posts: 31
Scope is a ratio or narrow bodies to RJs. As the max deliveries increase scope caps will increase. A CEO of a publicly traded company can’t make public statements that will materially affect the value of the stock if they aren’t factual. It’s been negotiated. It’s done. If you don’t like it that’s your problem.
#49
Line Holder
Joined APC: Sep 2022
Posts: 55
This is correct, in an email to employees from JO, in part, stated that Mesa is finalizing a new agreement with United which would transfer the CRJs currently flying for AE to United Express. United is expected to maintain all existing domiciles and maintenances bases currently operated by AA and plans to add Denver as a domicile and Houston as a CRJ domicile. He says that as a result of the planned transition of the CRUs "we have ensured not only all of the jobs associated with flying but the future of our company."
Seems it is now clear about the bankruptcy rumor after AA refused to subsidize pay increases. As Pangolin said, part of a chess game. And it seems pretty clear now why Mesa missed its 10-K filing with this happening, i.e., losing the AA flying, and the agreement with United. I hope the agreement with United is finalized, as Mesa is really at the mercy of United now. But I would think they are trying to get that finalized before filing the 10-K. Let's hope that happens for Mesa's sake, weren't we talking about mergers? ;-)
Seems it is now clear about the bankruptcy rumor after AA refused to subsidize pay increases. As Pangolin said, part of a chess game. And it seems pretty clear now why Mesa missed its 10-K filing with this happening, i.e., losing the AA flying, and the agreement with United. I hope the agreement with United is finalized, as Mesa is really at the mercy of United now. But I would think they are trying to get that finalized before filing the 10-K. Let's hope that happens for Mesa's sake, weren't we talking about mergers? ;-)
#50
Gets Weekends Off
Joined APC: Dec 2021
Posts: 661
Scope is a ratio or narrow bodies to RJs. As the max deliveries increase scope caps will increase. A CEO of a publicly traded company can’t make public statements that will materially affect the value of the stock if they aren’t factual. It’s been negotiated. It’s done. If you don’t like it that’s your problem.
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