rickair7777

Yes, that is what they have asked for permission to do. But even if granted permission they might not return all of those aircraft....assuming they can come to terms to fly them for someone at a profit.

But I'm not sure they could even find profitable 200 flying. There are companies out there who will fly at cost or lower just to make their own lease payments.

H46Bubba

JO will most likely dump most of the CRJ's, except what he can still utilize at Go!. He get rid of all the Dash's that aren't being flown under contract (US). He'll hold onto the ERJ's unless he loses the ERJ litigation.

SpiraMirabilis

Anyone know why he doesn't move the Dashes to the islands? It seems like a perfect fit for that kind of flying, but maybe I'm just a silly little pilot.

CrippleHawk

logically you are correct, but Pax like shiny jets more

DashDriverYV

If he moves the Dashes there, we automatically win the Scope Grievance with Island Air flying codeshare.
Also, does anyone have specifics on the US Dash contract, I've heard ( I know, I don't trust it either) that the contract is expired and on a 6 month renewal. If that is true, I could see the Dashes going away completely

dashtrash300

Airways contract with Mesa is not expired....Mesa can't be touched yet...but once they can, I am sure Airways will dump them. Parker has made it clear that he does not like Mesa.

theHub

Parker did say that in the past, a few times, but now that Mesa officially filed, he has changed his tune. In a crew news a few months ago, he said it would be great if Mesa would just shut the doors. Now that Mesa has actually filed, in a more recent crew news Parker said that Mesa is to valuable to lose as a feeder so he has wants to modify the current contract, but not cancel it. He even went as far as saying that Airways might have to subsidize Mesa to keep them flying for us. I guess Parker believes Mesa is the only on who can do what they do. Someone needs to let him in on a little secret that if Mesa does go, then he does have two wholly owned express carriers that might have the ability to do it too. One of which needs a new fleet anyways. I have a feeling that the only reason Parker doesn't want Mesa to fold is because, as far as I know, he co-signed for the 900's while he was at America West so he doesn't want to get stuck with the 900 lease payments right now.

rickair7777

SKW would fly them, and take care of the lease payments. He has plenty of options, as long as he can control those 39 airframes.

winglet

Releasemaster,

This order gives MAG permission to:

-- Reject immediately (as of January 25th, 2010) "excess leased equipment". Items are five engines listed as (2 GE CF34-3B1's, 1 ea. GE CF34-8C1, 1 Rolls Royce AE3007, and 1 GE CR34-8C5).

--Reject leases/subleases "on date to be determined, subject to further notice". Items are 16 Dash 8's, 46 CRJ-200's, 38 ERJ-145's, 12 GE CR34-3B1's, 7 Allison AE300-7A1's, and 4 P&W PW123D's.

--Abandon "excess owned equipment on date to be determined, subject to further notice". Items are 2 CRJ-200's.

This order provides MAG the ability to reject leases and/or abandon aircraft and engines if it fits into their reorginization plan. The plan still has to be approved by the Creditors and the Judge and claims can still be submitted at this time. It allows MAG to strengthen their reorganization plan.

In addition to the Dash-8's and CRJ-200's, the ERJ's are also listed and may be returned or remain in service depending on the outcome of the Delta litigation. We'll know a lot more after the financial disclosure and the Creditor's Meeting.

In their required monthly operating report (MOR) for January MAG reports:

Revenue: $61,869,000
Total Operating Expenses: $59,714,000
Operating Income: $2,155,000
Net Income: $542,000
Total Assets: $958,191,000
Total Liabilities: $852,196,000
Total Stockholder's Equity: $105,995,000
Cash and Cash Equivilents at Beginning of January: $29,233,000
Cash and Cash Equivilents at End of January: $67,471,000
Cash and Cash Equivilents Difference: $38,238,000

Jonathan Ornstein's Wages for January: $39,384

winglet

TheDashRocks

They could fund the lease payments with the money they save on employee health care costs.