How long until Mesa closes its doors?

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05-02-2008, 05:47 AM

#11

andy171773

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Position: CRJ2, ATR, CRJ7, E145, 737

Posts: 1,845

Quote:

Originally Posted by maxjet

Being a former Mesa rat I have followed this from time to time. Help me understand something. Hawaiian had a suit based on Mesa using information obtained illegally to compete against HI. I can see HI winning that one. What is the crux of the case that Aloha has? All I have heard is that they are complaining that Mesa used predatory pricing?

I thought Aloha had the same argument of insider info?

I may be wrong, but that was the impression i always got (along with pred. pricing)

05-02-2008, 05:49 AM

#12

Flatspin

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Joined APC: Sep 2007

Posts: 85

You gotta love it when a regional airline pilot is explaining legal matter circumstances and to top it off their source is Holly's plane buz bantor. LOL

05-02-2008, 05:58 AM

#13

WhizWheel

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Joined APC: Mar 2008

Position: dogstyle

Posts: 375

Quote:

Originally Posted by paxhauler85

That's been floating around for months now, don't think its going to happen. Got enough cash from the HI settlement to pay off our debt in June. Stock is up. If we get some $ out of the delta lawsuit, or have the flying re-instated we'll be right back where we were 3 months ago. Not a stong airline, but we'll make it.

So you eat a large portion of your cash on hand to pay off those pesky bonds coming due in a few months, your getting rid of some airframes, a paper tiger Delta lawsuit that IF it ever comes down to a monetary judgement will be long after Mesa is gone, Aloha suit on the horizon, airport user fees still not paid........most healthy airlines don't skirt their user fees like Mesa does to the last possible second.
My guess, Mesa is gone by summer's end or is in a completely different form by then.
As an ex-Mesa slave I have ZERO ill will towards the drivers there. Great group of people and I hope they all end up better off in the end. I hope JO ends up in a northern Chinese prison.

05-02-2008, 06:34 AM

#14

mach946

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Joined APC: Feb 2008

Posts: 91

Quote:

Originally Posted by andy171773

I thought Aloha had the same argument of insider info?

I may be wrong, but that was the impression i always got (along with pred. pricing)

No. Aloa is going with the preditory pricing issue, which is very hard to prove. It would be better for them to let it go rather than use up financial resources in litigation.

05-02-2008, 07:21 AM

#15

iahflyr

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Joined APC: Jan 2006

Posts: 1,597

I need to see Mesa's 1st quarter numbers as well as cash on hand in order to make that prediction. I don't see Mesa flying in 2009. JMHO.

05-02-2008, 08:20 AM

#16

kansas

Swearing at the FMA

Joined APC: Jun 2006

Position: MD-88 FO

Posts: 902

They'll never die...

05-02-2008, 08:36 AM

#17

The Chow

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Joined APC: Feb 2007

Position: 1st year pay for the 3rd time

Posts: 1,434

Quote:

Originally Posted by kansas

They'll never die...

You know if JO pulls this out Lord only knows where he'll end up and the damage that will be caused down the road.

05-02-2008, 09:40 AM

#18

rickair7777

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Joined APC: Jan 2006

Position: Engines Turn Or People Swim

Posts: 40,107

Quote:

Originally Posted by kansas

They'll never die...

I was pretty optimistic for a while there, but I didn't see HA letting them off the hook for $40M at exactly the wrong moment. That's the problem with JO, he's a cockroach and thus hard to kill.

05-02-2008, 11:36 AM

#19

The Chow

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Joined APC: Feb 2007

Position: 1st year pay for the 3rd time

Posts: 1,434

Looks like Mesa's stock will close above $1 today so the clock starts over. Now their 52 week range is 7.25-0.44. Today's close will be around 1.14.

05-02-2008, 01:30 PM

#20

ERJ Driver

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Joined APC: Jul 2007

Position: ERJ CA

Posts: 299

Yea, these things seem to keep limping along... like some bum with his face all bloodied up, missing a few teeth, unshowered with smelly cloths and a fist full of dirty one-dollar bills. Yea, MAG will keep limping along.