Originally Posted by
dashrash
Guys,
Everything is re-negotiable. Even if these Bonds are due do you really think the lender will demand the full payment when they know Mesa doesn't have the money. No they will come to Mesa and work out a payment plan to keep Mesa in business. If Mesa shuts down the bond holder gets nothing, Mesa has nothing. If Mesa stays in business the bond holder knows Mesa has contracts through at least 2012 allowing them to make payments. I have been hearing since United and Mesa signed their first contract that United wanted to dump them so I give little weight to that claim. The Aloha lawsuit is not the same as the Hawaiian lawsuit and will be much harder for Aloha to win. (doesn't matter what you think of mesa that is the fact). Doug Parker claims to hate Mesa but at the same time they still work for him and there isn't anyone else that could move in tomorrow and fill in for Mesa. He might refuse to resign but that is still down the road and it will be a slow faze out to allow another carrier to build up the A/C and crews. We all hate JO but lets be realistic here, he will work out a deal just like he did with the last bond that everyone claimed would shut Mesa down. I am not saying that the skies are blue for Mesa cause we all know that is not the fact, but be realistic in the fact that the sky isn't falling and there will be a tomorrow for Mesa wether we want it or not.
Ha, thanks for a good laugh. Not only are there current pilots licking their lips at the opportunity to jump on former mesa runs but there are airplanes available as well. Piedmont for example can fill in your dash routes very easily. Along with the other dozens of regionals. Also the fact is that just because there will be a void, doesn't mean the majors will be willing to fill it. A reduction in 50 seaters for example are just what the majors are looking for. That is one of the reasons UA wants to get rid of mesa and their underperforming flying.
As far as the payment, first of all I doubt the lenders will be as forgiving this time. And I'm pretty sure these payments are non-negotiable. Mesa has been doing nothing but losing money and more importantly with no future. All they have to do is liquidate and get at least something. No matter what happens JO is screwed, they're going to lose money either way. Even the shareholders know this but the stock is so worthless they're just going to stick around and watch the house burn. Good luck..