Originally Posted by
Releasemaster
Winglet,
I have heard the proposed plan sets Mesa up to be sold. There may be truth to that if the creditors agreed on this plan as it was written.
What is your take on this?
Skywest buys Mesa out of B/K and gets the contract flying with Airways till 2015- JO gets his stock (per POR) probably his golden parachute- Mesa's flying continues as is sans interruption- Airways makes money selling their ownership in Mesa (per POR) to Skywest - this scenario would explain the creditors committee going along with this POR and it's giving money to someone like JO- its the best way for the creditors to recuperate the largest amount of money.