Originally Posted by
Purpleanga
If Mesa goes into BK, do they have any chance of chapter 11? I'm not sure about the details but since they barely own their fleet and it seems like not much hope, why would the courts allow them to restructure?
We own all of our CRJ-900's (38), a few-700's and a few-200's.
We've got roughly $50 mil in the bank, but owe over $100 mil in the spring.
Things look terrible, but not hopeless.