Will ExpressJet survive this?

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04-18-2020 | 11:02 AM

#331

Softpayman

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Joined: Feb 2013

Posts: 1,299

Likes: 5

From: CA

Quote:

Originally Posted by Melit

There is no reason.

I’ll tell you what’s funny. Somebody working for Mesa acting strong. Mesa will always be Mesa.

04-18-2020 | 12:56 PM

#332

terks43

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Joined: Oct 2017

Posts: 969

Likes: 17

Quote:

Originally Posted by Softpayman

I’ll tell you what’s funny. Somebody working for Mesa acting strong. Mesa will always be Mesa.

He doesn’t work at Mesa bud. He’s a troll on our boards to.

04-18-2020 | 03:59 PM

#333

DBono

Gets Weekends Off

Joined: Sep 2017

Posts: 101

Likes: 0

From: Whole lotta sitting

Quote:

Originally Posted by simscott

I would think owning their own planes provides collateral for restructuring or loans needed.

Thus the question of how much they still owe on the planes. If the plane is registered to you, you're considered the owner, but if you borrowed 80% of the value to buy it and have only paid back a little of that, then there is not much equity left to serve as collateral.

04-18-2020 | 05:02 PM

#334

flightlessbirds

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Joined: Aug 2018

Posts: 334

Likes: 59

Quote:

Originally Posted by DBono

Exactly! Similar to 2008 — home ownership is great but if you don’t have enough equity to weather an asset value decrease without the ability to keep cash flows coming in it can quickly become a weight around your neck and not a help through turbulent times.

It was this thinking that informed my earlier post. Maybe some of these outfits that own their planes are the ‘underwater homeowners’ caught unemployed in 2008. In which case there might be some really cheap airframes available as they pawn some off in distressed times to save the company. Not a pretty picture but one I’m thinking more about.

04-18-2020 | 05:22 PM

#335

captive apple

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Joined: Jan 2019

Posts: 1,130

Likes: 0

Sure owning your own (financed) aircraft means the bank and not your customer is the one to shut you down. Pros and cons.
What is abnormal about this, what would a bank do with planes nobody in THE WORLD can fill right now? Repo and storage would have an associated cost. Until there is a buyer somewhere in the world a banks bet is to be made whole later by the current owner.

04-19-2020 | 06:56 AM

#336

Melit

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Joined: Jul 2018

Posts: 873

Likes: 0

Quote:

Originally Posted by Softpayman

I’ll tell you what’s funny. Somebody working for Mesa acting strong. Mesa will always be Mesa.

Thanks for proving my point. Karma! This is the only group that openly trash talks other pilot groups. Mesa, GoJets and Skywest. ManAir doesn’t even own a tug... lol

04-19-2020 | 08:27 AM

#337

HighWingingIt

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Joined: Feb 2018

Posts: 214

Likes: 0

Quote:

Originally Posted by Melit

Thanks for proving my point. Karma! This is the only group that openly trash talks other pilot groups. Mesa, GoJets and Skywest. ManAir doesn’t even own a tug... lol

Interesting...you must not hangout in the AA WO forums

04-19-2020 | 08:31 AM

#338

itsmytime

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Joined: Jun 2017

Posts: 991

Likes: 9

Quote:

Originally Posted by HighWingingIt

Interesting...you must not hangout in the AA WO forums

or republic.

04-19-2020 | 09:00 AM

#339

uipilot45x

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Joined: Sep 2011

Posts: 77

Likes: 0

Quote:

Originally Posted by Melit

Thanks for proving my point. Karma! This is the only group that openly trash talks other pilot groups. Mesa, GoJets and Skywest. ManAir doesn’t even own a tug... lol

There you go with ManAir again. What’s the dig? Where’s the punchline?

04-19-2020 | 09:25 AM

#340

Itsajob

Banned

Joined: Mar 2018

Posts: 1,358

Likes: 0

Quote:

Originally Posted by uipilot45x

There you go with ManAir again. What’s the dig? Where’s the punchline?

The punchline is that he gets a response. Asking a question that has an unpleasant answer, or talking about some of the stuff going on right now may involve ideas or possibilities that people don’t want to hear, but he just says stuff to stir the pot. Keep feeding trolls, and they keep coming back.