Originally Posted by
PinnacleFO
Please no bashing on this thread, peoples jobs are at stake
1. In chapter 11 can majors just cancel contracts with no penalty?
2. Your 700's and 900's - are those owned or leased?
3. How many 200's do you have flying for the carriers
I wouldn't be suprised if Mesa ends up an all 700/900 fleet or if they get purchased by someone and that someone may not be republic or Skywest.
Either way good luck to everyone involved, you never know this may lead to something better.
All of the facts above can be seen on the Mesa Airlines website under, financial information.
http://phx.corporate-ir.net/phoenix....-reportsAnnual
1. Direct quote from the 2008 annual report:
Airways:
"The code-share agreement is subject to termination prior to that date in various circumstances including: If either US Airways or we become insolvent, file for bankruptcy or fail to pay our debts as they become due, the non-defaulting party may terminate the agreement;"
UA:
The code-share agreement is subject to termination prior to these dates under various circumstances including: If either United or we become insolvent, file bankruptcy or fail to pay debts when due, the non-defaulting party may terminate the agreement;"
DL:
The agreements may be subject to early termination under various circumstances including: If either Delta or we file for bankruptcy, reorganization or similar action or if either Delta or we make an assignment for the benefit of creditors;"
2. From the 2008 annual report:
-200: 2 owned, 50 leased; total: 52.
-700: 8 owned, 12 leased; total: 20.
-900: 14 owned, 31 leased; total: 45.
All Dash-8s and ERJs are leased.
3. Not quite sure, but at least 8 with Airways and 20ish for UA. Those UA numbers are fluid as we continue to draw down with UA. The 8 with Airways can be reduced as well. "Under our code-share agreement, US Airways has the right to reduce the combined CRJ fleets utilized under the code-share agreement by one aircraft in any six-month period."
Looks good to me.