Who is telling you this? I hear this over and over it makes no sense, IMHO. There is no evidence to show that Mesa has a plan that would prevent a bankruptcy. Mesa has a pilot contract that doesn't expire and that absent a bankruptcy, that same contract will likely be in effect for at least another two years. The RLA process takes some time before unions are allowed self help which is the only thing which could hurt Mesa's cash flow. If threatened with a strike, management would likely file to prevent it.

What is going to determine Mesa's bankruptcy is its cash position, performance and its ability to keep and earn new capacity agreements. The reality is the Mesa has little cash, its performance is near the bottom of the regional carriers and airlines are suing Mesa to cancel their service.

This TA doesn't address pay (for the most part), trip and duty rigs, insurance, and the line guaranty is conditioned up PBS which, after all the commotion, is still totally manipulated at the discretion of the company.

I'm not saying the TA is bad or good, but it doesn't appear to address the concerns which would prevent a bankruptcy. It may or may not happen regardless of the TA. If the bankruptcy happens, PBS will be imposed, premium pay will go away and understaffing will go back to nearly where it was in January.