afterburn81

You do know that they don’t just walk into the Embraer lobby and slap a shoe box full of three hundred dollar bills on Karen’s desk saying “I’ll take 20 of these now Wrap it up!”. Right?

Little thing called “finance”. According to the NASDAQ in December. Mesa knew at the time that their cash flow could support payments. Just like everyone else right now, they can “pump the brakes”.

Highly unlikely that their projected cash flow will support the purchase.

point80

This is funny bc you make bold statements about another airlines that has already informed their pilot group of some of the steps moving forward. Mesa’s 737 program that was supposed to start in March is now starting in June. And the shipment of E175s that were suppose to start in May now being received in Sep. Ian is currently still working on the program to move them from Brazil. And rumor has it that the classes that were released earlier this yr are set to come back sometime in June to restart training. (This one I cant confirm, yet)

You should be asking yourself what does Mesa know that XJT doesnt... But, keep waiting for that Cares Act as your company plans to downgrade its CAs back to FOs.

LoneStar32

FOs are easy to staff. The limitations were probably qualified CAs.

afterburn81

Yeah yeah yeah. I think you may be surprised one day that......well you’ll see.

Just curious. How much do you think Mesa is bleeding (just like every other airline) each day?

point80

Im not saying Mesa isn't hurting like everyone else. Of course they are. But we have all seen a rise in pax over the last week. Based on projections travel should be back up 60-70% by year end. At those numbers most regionals will survive (might be a little smaller, though). CEOs dont make decisions based on today. They look 6 months down the road.

You have to realize that those 20 Ejets are replacing the crj700 fleet in Dulles. Those planes are scheduled to be leased to GoJet and converted to 550s. If Mesa doesnt take those planes then they cant lease them to GoJet to turn a profit and GoJet cant meet contract obligations to United. Also when United made the deal with Mesa to purchase them instead of UA there was a capacity clause requiring them to be used extensively in return.

Im not saying XJT will go under bc I do think they serve a niche with the 50 seaters and will be taking business from Air Wisconsin in ORD as the 200s are phased out.

I do however feel XJT will be hurting if they cant convince their shareholders to give up equity and take a loan (roughly $40 million) from the government for the Cares Act. Problem is how do you justify that for a company that has no assets, flying an airframe that UA already said they want to remove, and was purchased for only $60 million? XJT will survive but I expect they wont get government aid and will be much smaller.

amcnd

Mesa also flys for AA... XJT is only UA now.....

avi8tor614

Bravo, I think it's hard for other airlines pilots to see that we are hurting but in a better position right now. We are considered the bottom of the barrel for whatever odd reason, but yet internally we are pushing forward with certainty, unlike other regionals who are supposed to be superior.
They don't get our emails indicating we are just fine, bruised but fine. I'm sure I'll get the hate speech: No degree, washout, or some other negative response that is not true because I chose Mesa. I looked at XJT and Endeavor both were higher paying jobs at the time, reserve was in my future at both companies till I died. I chose Mesa because I got a line immediately and the culture was awesome. XJT commute and Jumpseat on my flights all the time. They are always welcome here, I like them. We shoot the sheeeet and talk about how bad our companies are. If Mesa goes under and they are around I would hope they would have me. I know most of pilot group would welcome them as well.
I think we both will be here. I know we both will be different after this clears up.
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itsmytime

i don’t know when you looked at xjt that was going to have you on eternal reserve? Must have been a long time ago. But you are right that guys talk junk about Mesa all day long, but have no problem jump seating on them when they need to get somewhere. Doesn’t make any sense.

Delag

So I don't usually post often, mostly read, but I have to put my two cents in on this. Mesa is not in a good position because of its CEO. Mesa is currently being sued for securities fraud. JO is a criminal who has already had major fines assessed against him for past trading indiscretions. Mesa's stock has plummeted from $12 per share, to $3 per share today, getting as low as $2.10 last week. JO is not legally allowed to own any stock, and was previously terminated from multiple brokerage firms for breaching ethical standards. He also lies and likes to say that he "saved" Continental Express, now ExpressJet, when in actuality he was fired in a huge display. There are many people that still work at XJT, that remember the childish show he put on in our training center as he was being escorted out of the building by Harris County Police. Mesa was publicly traded in 2009 as a way to garner capital, and then filed for bankruptcy in 2011 as a way to get out their contracts and subsequently because private again. Mesa also said 737's were coming in 2004. It NEVER happened. And lets not forget all of the other failed ventures... like the Hawaiian operation and the Chinese operation.... Since Mesa is a publicly traded company, they would have to put out a press release regarding a deal with 737's in order to satisfy the SEC. They have not done that. They have made the announcement for the 175's, but that's it... From a Mesa employee who was hired in 2003, "you can't believe anything Mesa says, until the plane is in the air with a mesa crew on board."

Also, XJT does not have to convince its shareholders of anything, because XJT not a publicly traded company and therefore, does not have shareholders. XJT is privately owned by ManaAir, which is a joint venture by KAir, and United Continental holdings. KAir is the majority owner and is also NOT publicly traded. That is the bare minimum to know about a company when attempting to speak on financial viability, and since you don't know that, you're opinions on the situation are no longer valid.

The reason Mesa gets a bad rap is because they have, historically, accepted subpar wages and work rules in order to obtain "shiny new jets". They have hired pilots without an interview and via text message. Their flight attendants, at one point not that long ago, didn't even have uniforms, and were instructed to wear anything navy blue. XJT locks its doors to its crew room in IAH because of the behavior of Mesa crews basically living in our crewroom, sleeping on the couches and lets not forget the caught on camera theft from the bag rooms and employee fridge. And no, commuters are not excited to jumpseat on mesa, but they do because sitting in the jumpseat is the safer option than sitting in the back... because they don't trust Mesa pilots.

Was this mean? Probably, but it was absolutely necessary. Any one that works for Mesa, is attributing the whip saw that XJT's "no vote" of 2014 was trying to stop. Flying for Mesa also tells me you did zero research on the industry before you started and went with the first airline to offer you a job. Is everyone that works for Mesa this way? No, I'm sure there are many fine people working for the company. Unfortunately, they are not the ones representing the company.

Thanks for listening

watch

nice post, thanks