How long until Mesa closes its doors?
05-04-2008, 05:35 AM
#31
Gets Weekends Off
Joined APC: Nov 2006
Posts: 585
Their successor has been chosen: http://money.cnn.com/news/newsfeeds/...3-24328591.htm
JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.
JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.
05-04-2008, 05:53 AM
#32
Gets Weekends Off
Joined APC: Dec 2007
Position: EX - OHJFKCRJFO
Posts: 836
Their successor has been chosen: http://money.cnn.com/news/newsfeeds/...3-24328591.htm
JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.
JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.
(It's May now)
05-04-2008, 07:14 AM
#33
Gets Weekends Off
Joined APC: Dec 2007
Position: A320 FO
Posts: 1,454
Their successor has been chosen: http://money.cnn.com/news/newsfeeds/...3-24328591.htm
JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.
JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.
05-04-2008, 12:20 PM
#34
Gets Weekends Off
Joined APC: Nov 2006
Posts: 585
Didn't think I had to be that basic, the stock is already being removed from standings, in preparation for their delisting.
As for the statement on JO, just think of the nastiest possible action towards employees, and there ya go.
As for the statement on JO, just think of the nastiest possible action towards employees, and there ya go.
05-05-2008, 07:54 PM
#35
*********
Joined APC: Dec 2007
Posts: 1,068
Just a few problems with that logic:
1. Millions of dollars in debentures payable in June.
38 million due in June, the exact amount we just got back from the Hawaiian settlement.
2. Pending lawsuit from Aloha.
They are going after preditory pricing, like someone else said, very hard to prove. Could go either way.
3. Major problems with Delta, possible code share loss, spelling out the possible end to Freedom.
Delta is over, we've known that for about a month. Lawsuit with them, court date later this month. Could get some flying back or $$ or neither. Who knows.
4. JO unable to unload unprofitable CRJ 200's on the Chinese.
Don't know about that operation, JO keeps us out of the loop on that one. Completely separate airline.
5. 55 million due out to last law suit.
That was in a bond, meaning it has been out of our bank since this past summer. No monetary hit on that one, since it was set aside.
6. No one to unload the ERJ 145's that were based in JFK.
We'll see.
7. Fuel and market instability risk, in combination with all of the above, combined with high pilot attrition rate.
Attrition has slowed considerably.
What do you think is going to happen?
1. Millions of dollars in debentures payable in June.
38 million due in June, the exact amount we just got back from the Hawaiian settlement.
2. Pending lawsuit from Aloha.
They are going after preditory pricing, like someone else said, very hard to prove. Could go either way.
3. Major problems with Delta, possible code share loss, spelling out the possible end to Freedom.
Delta is over, we've known that for about a month. Lawsuit with them, court date later this month. Could get some flying back or $$ or neither. Who knows.
4. JO unable to unload unprofitable CRJ 200's on the Chinese.
Don't know about that operation, JO keeps us out of the loop on that one. Completely separate airline.
5. 55 million due out to last law suit.
That was in a bond, meaning it has been out of our bank since this past summer. No monetary hit on that one, since it was set aside.
6. No one to unload the ERJ 145's that were based in JFK.
We'll see.
7. Fuel and market instability risk, in combination with all of the above, combined with high pilot attrition rate.
Attrition has slowed considerably.
What do you think is going to happen?
05-07-2008, 05:31 AM
#36
Gets Weekends Off
Joined APC: Oct 2005
Posts: 188
Mesa is a cockroach that will never go away. Bankruptcy....allows them to unload the ERJ's and temporarily take care of their pilot shortage, it also allows Mesa to go to a one type fleet of CRJ's that will lower training and Mx costs.
05-07-2008, 03:27 PM
#37
Banned
Joined APC: May 2007
Posts: 152
If Fuel spikes up again unexpectedly, and another code share affiliate decides to dump Mesa unexpectedly like Delta had prudently decided wisely,
then the whole infestation might finally actually come to a fitting end.
Last edited by muushin; 05-07-2008 at 03:44 PM.
05-07-2008, 07:55 PM
#38
Banned
Joined APC: May 2007
Posts: 152
"We'll keep stumbing along, just like we always do."
With all due respect sir,
Stumble on this!!!
http://showmenews.com/2008/May/20080507News006.asp
With all due respect sir,
Stumble on this!!!
http://showmenews.com/2008/May/20080507News006.asp
05-08-2008, 11:53 AM
#39
Gets Weekends Off
Joined APC: Oct 2005
Posts: 188
"We'll keep stumbing along, just like we always do."
With all due respect sir,
Stumble on this!!!
http://showmenews.com/2008/May/20080507News006.asp
With all due respect sir,
Stumble on this!!!
http://showmenews.com/2008/May/20080507News006.asp
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