JO does it again... (and Mesa recall rumor)
01-10-2009, 01:11 PM
#71
Gets Weekends Off
Joined APC: Oct 2008
Position: 320B
Posts: 248
) There were 49 furloughed that were in ground school in July. Then they furloughed another 15 in October that were out on the line. I was one of those lucky 15....
01-11-2009, 07:14 AM
#75
Line Holder
Joined APC: Mar 2007
Position: CRJ-200 FO
Posts: 57
Mesa is a terrible airline, When I was a ramp agent, freedom would land and their force fed release wouldn't show up. You call there dispatch to get one and they would say "we don't fly into there" what kinda crap is that. The pilot group isn't the bad part, and I don't want to see anyone on the street. But If I work for a decent company and there is another company out there with similar badging that does crappy work, it makes us look bad. SO on that note, yeah I wish Mesa would drop off the planet. Like what was said before, that extra flying will be picked up, along with the pilots.
And from what I have heard ( buddy of mine one of the 64 fed) the give their own new hires the run around on training. They never call when classes are changed and they don't rebook classes when they need to be. Makes the pilots have to stay weeks on end at the hotel doing nothing. That Hotel BS makes since now.
And from what I have heard ( buddy of mine one of the 64 fed) the give their own new hires the run around on training. They never call when classes are changed and they don't rebook classes when they need to be. Makes the pilots have to stay weeks on end at the hotel doing nothing. That Hotel BS makes since now.
01-11-2009, 07:37 AM
#76
Line Holder
Joined APC: Apr 2007
Position: Furloughed
Posts: 32
What will bondholders due?
I agree that according to the debt obligations JO can use stock to pay off the bondholders IF they elect to exercise their puts in Jan/Feb.
However, at the close Friday the 9th, the TOTAL market cap of MESA was $7.52 million and the amount of debt that could come due if the puts are exercised is about $95 million. How can you pay off $95 million with $7.52 million?
I don't know if the bondholders will go to court, but I think they would have a strong equitable argument that stock cannot be used to satisfy the debt. Who knows, however, what they'll do - they may let JO limp along.
However, at the close Friday the 9th, the TOTAL market cap of MESA was $7.52 million and the amount of debt that could come due if the puts are exercised is about $95 million. How can you pay off $95 million with $7.52 million?
I don't know if the bondholders will go to court, but I think they would have a strong equitable argument that stock cannot be used to satisfy the debt. Who knows, however, what they'll do - they may let JO limp along.
01-11-2009, 08:30 AM
#77
Gets Weekends Off
Joined APC: Jul 2008
Position: CL-65 CA
Posts: 246
Mesa is a terrible airline, When I was a ramp agent, freedom would land and their force fed release wouldn't show up. You call there dispatch to get one and they would say "we don't fly into there" what kinda crap is that. The pilot group isn't the bad part, and I don't want to see anyone on the street. But If I work for a decent company and there is another company out there with similar badging that does crappy work, it makes us look bad. SO on that note, yeah I wish Mesa would drop off the planet. Like what was said before, that extra flying will be picked up, along with the pilots.
And from what I have heard ( buddy of mine one of the 64 fed) the give their own new hires the run around on training. They never call when classes are changed and they don't rebook classes when they need to be. Makes the pilots have to stay weeks on end at the hotel doing nothing. That Hotel BS makes since now.
And from what I have heard ( buddy of mine one of the 64 fed) the give their own new hires the run around on training. They never call when classes are changed and they don't rebook classes when they need to be. Makes the pilots have to stay weeks on end at the hotel doing nothing. That Hotel BS makes since now.
01-11-2009, 11:18 AM
#78
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,050
But I would sue him too...if I were going to get left holding the short end of that stick I would consider it fraud.
01-11-2009, 03:59 PM
#80
Banned
Joined APC: Dec 2007
Position: CRJ FO
Posts: 84
Originally Posted by samuraiguytn
Mesa is a terrible airline, When I was a ramp agent, freedom would land and their force fed release wouldn't show up. You call there dispatch to get one and they would say "we don't fly into there" what kinda crap is that. The pilot group isn't the bad part, and I don't want to see anyone on the street. But If I work for a decent company and there is another company out there with similar badging that does crappy work, it makes us look bad. SO on that note, yeah I wish Mesa would drop off the planet. Like what was said before, that extra flying will be picked up, along with the pilots.
And from what I have heard ( buddy of mine one of the 64 fed) the give their own new hires the run around on training. They never call when classes are changed and they don't rebook classes when they need to be. Makes the pilots have to stay weeks on end at the hotel doing nothing. That Hotel BS makes since now.
And from what I have heard ( buddy of mine one of the 64 fed) the give their own new hires the run around on training. They never call when classes are changed and they don't rebook classes when they need to be. Makes the pilots have to stay weeks on end at the hotel doing nothing. That Hotel BS makes since now.
Was their a statement made cause that didn't make any cents.
Umm....Preview Post?
OO.
