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Old 11-28-2008, 08:49 PM   #21 (permalink)
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Mesa won the argument in May because they argued that they would be bankrupt while waiting for the court date in Jan. It wasn't because they're special. Still, that makes sense, it wouldn't be fair to Mesa. However this Jan they're going to have to come up with something better if they want to win. It could be a settlement but then why hasn't Delta, which isn't bankrupt like Aloha, wait till Jan? They obviously think they have a case. We'll see no matter what the outcome, not good for Mesa's future.
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Old 11-28-2008, 09:11 PM   #22 (permalink)
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There sure are a lot of wild accusations flying around this thread with not one source to back any of them up. If you're going to make accusations, back them up with a reputable source or their nothing but gossip.
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Old 11-28-2008, 09:13 PM   #23 (permalink)
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Originally Posted by Purpleanga View Post
Mesa won the argument in May because they argued that they would be bankrupt while waiting for the court date in Jan. It wasn't because they're special. Still, that makes sense, it wouldn't be fair to Mesa. However this Jan they're going to have to come up with something better if they want to win. It could be a settlement but then why hasn't Delta, which isn't bankrupt like Aloha, wait till Jan? They obviously think they have a case. We'll see no matter what the outcome, not good for Mesa's future.
The court date is for Delta's appeal on the ERJ injunction, not the actual hearing for the case. The actual hearing is sometime this spring.
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Old 11-28-2008, 09:58 PM   #24 (permalink)
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mesa and anyone affiliated is an utter disgrace. what a slap in the face to those that worked at aloha. the only reason delta brought mesa into the delta brand was for ONE reason. 1) to lower the dci average for work rules, pay, etc. (during the bankrupcty proceedings) thats it. plain and simple. i would feel like a complete loser if i knew that the only reason i was getting awarded flying from a company was to screw everyone else. sorry to be so straightforward but i really am sick of mesa and anyone affiliated with them.
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Old 11-28-2008, 10:41 PM   #25 (permalink)
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Sounds like maybe the Aloha paper holders think Mesa won't be around very long and want some money now? If Mesa liquidates, will JO buy the Aloha name from Mesa and start another airline? There's more hear than meets the eye.
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Old 11-28-2008, 11:20 PM   #26 (permalink)
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mesa and anyone affiliated is an utter disgrace. what a slap in the face to those that worked at aloha. the only reason delta brought mesa into the delta brand was for ONE reason. 1) to lower the dci average for work rules, pay, etc. (during the bankrupcty proceedings) thats it. plain and simple. i would feel like a complete loser if i knew that the only reason i was getting awarded flying from a company was to screw everyone else. sorry to be so straightforward but i really am sick of mesa and anyone affiliated with them.
And we're sick of people like you.
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Old 11-28-2008, 11:29 PM   #27 (permalink)
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3.) Probably the biggest hurdle is yet to be resolved: A supposed non-deferrable $100,000,000 bond payment to Bombardier due sometime in January/February. Don't know what can be done about that. It's my understanding that we don't have nearly that much cash on hand.
Mesa has $60mil of cash and cash equiv. Net tangible assets is roughly $140.5mil as of June 2008.

MESA: Balance Sheet for Mesa Air Group, Inc. - Yahoo! Finance
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Old 11-28-2008, 11:41 PM   #28 (permalink)
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Mesa was valued at exactly 0 dollars by a leading analysis group that have 90% success rate in predicting the demise of companies. Just a month ago JO said himself they have no cash and are going to try to be creative for the money due in Jan. Cactusone might be on to something......
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Old 11-29-2008, 05:06 AM   #29 (permalink)
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Mesa has $60mil of cash and cash equiv. Net tangible assets is roughly $140.5mil as of June 2008.

MESA: Balance Sheet for Mesa Air Group, Inc. - Yahoo! Finance
This is correct. I dont see how things can continue for Mesa after the 1st and 2nd Q of next year. I would be amazed not to see them filing for BK buy March or maybe even February, and out of business by June.
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Old 11-29-2008, 05:38 AM   #30 (permalink)
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And we're sick of people like you.

how about i fly you out to hawaii and you can tell all the locals that face to face....hmmmm. how about i fly you up to milwaulkee and you can tell the folks there that too... naaah! how about cincinnati and you can tell the pilot group there that? ITS NOT JUST ME.

question: HOW MANY PILOTS LIVES ARE SELFISH MESA PILOTS GOING TO RUIN IN 2009?
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