JO does it again... (and Mesa recall rumor)
01-07-2009, 02:43 PM
#1
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JO does it again... (and Mesa recall rumor)
Mesa Air Group Shareholders Approve Increase in Authorized Shares of Common Stock and Use of Common Stock for Repurchases of Notes
It would appear the bond issue is temporarily solved and there is not an immediate threat of Mesa shutting its doors.
Also, with the displacement run, I have heard from a source in the recruiting dept. they are thinking of recalling upwards of 20 furloughs for an ERJ/dash class.
It would appear the bond issue is temporarily solved and there is not an immediate threat of Mesa shutting its doors.
Also, with the displacement run, I have heard from a source in the recruiting dept. they are thinking of recalling upwards of 20 furloughs for an ERJ/dash class.
01-07-2009, 03:18 PM
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ExpressJet issued new stock, but we had to renegotiate with our Note holders and the new agreement had us paying a portion in cash and issueing them a bunch in stock as well.
01-07-2009, 03:24 PM
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Actually, I believe in the paperwork I received as a shareholder, it said that in the terms of the bonds, the company is allowed to issue stock in lieu of cash. It also says it in the DEF14A filing on November 22.
Keep in mind, that this is also based on the bondholders exercising their right to sell it back to the company.
Keep in mind, that this is also based on the bondholders exercising their right to sell it back to the company.
Last edited by DENpilot; 01-07-2009 at 03:36 PM.
01-07-2009, 04:02 PM
#5
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Well one more hurdle down for Mesa, one to go. Im keeping my fingers crossed and hope that I get called back sometime in 2009, im #61/64 furloughs. I know many people have moved on and gone elsewhere so we will have to see how many return.... Good Luck to everyone in this screwed up industry
01-07-2009, 04:08 PM
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Actually, I believe in the paperwork I received as a shareholder, it said that in the terms of the bonds, the company is allowed to issue stock in lieu of cash. It also says it in the DEF14A filing on November 22.
Keep in mind, that this is also based on the bondholders exercising their right to sell it back to the company.
Keep in mind, that this is also based on the bondholders exercising their right to sell it back to the company.
OO.
01-07-2009, 04:14 PM
#7
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Ok, they have 75 million shares out now - they are planning on issuing 825 million new shares - how would this not devalue the stock to around $.04 per share?
01-07-2009, 04:29 PM
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That was what I was wondering too. My friend is a advisor and he was the one that called me about this news artical on Yahoo news. I asked him about it after I read it. He said it all depends on how the shareholders and the bonds are handled. At this point there is just not enough information to know.
01-07-2009, 05:53 PM
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The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 4200 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005. Mesa is a member of the Regional Airline Association and Regional Aviation Partners.
I guess someone hid the fact that Freedom Airlines is a Mesa Company when ATW magazine was looking for a Regional of the Year (2005).
I guess someone hid the fact that Freedom Airlines is a Mesa Company when ATW magazine was looking for a Regional of the Year (2005).
01-07-2009, 06:00 PM
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The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 4200 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005. Mesa is a member of the Regional Airline Association and Regional Aviation Partners.
I guess someone hid the fact that Freedom Airlines is a Mesa Company when ATW magazine was looking for a Regional of the Year (2005).
I guess someone hid the fact that Freedom Airlines is a Mesa Company when ATW magazine was looking for a Regional of the Year (2005).
