Mesa Air Group Chapter 11 Info
02-09-2010, 06:44 AM
#362
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Joined APC: Jan 2006
Position: Engines Turn Or People Swim
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Kind of like if you leased a car and defaulted on payments...they would simply come repo it and put a hit in your credit report.
But if they then discovered that you had removed the engine and sold it on craigslist to buy hookers and crack, they would probably call the sheriff to discuss conversion (theft) charges.
But it's not unusual to remove engines from parked aircraft, for a variety of reasons...as long as you still have them readily available.
02-09-2010, 08:04 AM
#363
Gets Weekends Off
Joined APC: Dec 2009
Posts: 172
I agree but he does have to return the aircraft in a flyable condition when he is done with them. How much is that going to cost him? Does MAG have the cash to do it or are the counting on winning the DL case to give them that cash?
02-09-2010, 10:04 AM
#364
Go Knights Go
Joined APC: Apr 2008
Position: OCC/Dispatch
Posts: 261
Does flyable condition also include any heavy mx checks the plane is due for? A lot of airlines will ground birds they are lease returning if they hit the mark for heavy chck before the return date. (In regards to planes scheduled for return)
02-09-2010, 11:00 AM
#365
Banned
Joined APC: Jun 2008
Posts: 8,350
Jeez.........given Mesa's conduct in how they've treated their aircraft and how they're going to be returned, I wouldn't think anybody would be interested in leasing them aircraft in the future. Even if Mesa survives this self-induced nightmare, I doub't they'd ever be able to afford to buy new aircraft, so even if any of these carriers they've screwed over (and continue to) or others watching would sign a deal with them in the future, it would seem they'd never be likely to be able to get the equipment to meet the contract anyway.
My guess is whatever shape Mesa comes out of this in (if at all), will be the best of times that will only get worse.
My guess is whatever shape Mesa comes out of this in (if at all), will be the best of times that will only get worse.
02-09-2010, 01:34 PM
#366
Gets Weekends Off
Joined APC: Feb 2009
Posts: 208
Almost certainly the contract obligations said that, but Bankruptcy is all about getting out of obligations.
02-09-2010, 02:18 PM
#368
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02-09-2010, 02:41 PM
#369
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Joined APC: Feb 2007
Position: e190
Posts: 929
You cant get blood out of a rock though. If Mesa is ending its relationship with that lease holder i would imagine mesa telling them to get in line behind all of the other creditors who mesa owes money to. Mesa will forfeit the airplane and pay a penalty but the penalty will be substantially less then what they would have paid outside of bankruptcy court.
02-09-2010, 03:40 PM
#370
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,041
If the airplanes were leased, BK does not mean you can sell them, or sell or misappropriate any part of them. That really would be theft, and if individuals did not get charged, the company would. This would mean criminal fines for the company (not avoidable in bankruptcy), and stolen property is not negotiated in BK court, it is seized by law enforcement and returned to the owner.
If mag took the engines off for Mx and never put them back they can probably get away with that. But if leased engines ended up on other airplanes, or parted out and sold, somebody is in deep doo-doo. I seem to remember mag holding a parts fire sale last year...
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