Originally Posted by
hiplainsdrifter
I’ll weigh in on this one and consolidate what some folks have already said. Mesa still has two standing viable, current contracts. When the bankruptcy court grants the approval to exit bankruptcy, it will be with a business plan that many parties have vetted. At that point, Mesa, a streamlined, debt balanced company, could be “in play” and be bought by another company who would absorb and possibly diversify into the United and USAir contracts with the 700 and 900 flying.
The chances of Mesa just “going away” is too remote and unlikely to even comment on. The UAL and USA contracts with the 7 and 9 flying alone more than likely would stop such an event. Doing a quick scan of the APC profiles show only Mesaba has more 900’s, 3 more, than Mesa. Raise a little money with the sale of GO (to who I don't know!?), and let Piedmont pick a PHX base and everybody’s happy.
My friends there pretty much feel the only way forward, the lesser of evils, would be a purchase of the company, anything to shed their management. Becoming a division of a viable other airline may be a nice change. Who knows, but I guess we will all see soon enough.
you sure about this? I think the chances are pretty good they liquidate. Mesa really isn't a viable company if the usair contract doesn't get extended and we all know that there are many other companies salivating over the kill. Oh and many of those companies have alot of money just hanging around giving them the opportunity to undercut the **** out of mesa or even offer loans to USair... I would say the chances of the creditors and Parker getting a better deal from another carrier are very good. In the end it's only the creditors that matter.
Let's be clear about one more thing. No management wants to pick up your pilot group. They are looking at cost and the intergration issues associated with doing it. Why do that instead of just taking the contracts and airplanes. Capitalism is a beotch sometimes i'm just trying to be realistic. Maybe people are looking at buying Mesa's scrapps if they emerge but that's the last option i'm sure.
No offense to you guys. I honestly don't want anyone to lose their livelyhood but to managements you're just a cost and as in every single case in the airline industry cutting costs is the whole game.