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-   -   Things I never expected to see... (https://www.airlinepilotforums.com/hangar-talk/132353-things-i-never-expected-see.html)

Excargodog 02-10-2021 07:08 AM
Things I never expected to see...
 
Mesa bailing out United and American economically:

https://www.flightglobal.com/strateg...142365.article

Winston 02-10-2021 07:18 AM
The regional carrier received $195 million from the US Treasury Department during the first quarter as a five-year loan under the CARES Act programme. It also expects to receive a total of $49 million in payroll support from the US Treasury by the time the programme expires on 31 March.
Perhaps a timely (and painless) gesture tied to a future contact extension? Not a bad move.

rickair7777 02-10-2021 11:29 AM
In previous downturns, OO bailed out UAL and IIRC, ZW bailed out US in exchange for flying. Pay to play isn't a new thing.

velosnow 02-10-2021 11:50 AM
Originally Posted by rickair7777 (Post 3193288)
In previous downturns, OO bailed out UAL and IIRC, ZW bailed out US in exchange for flying. Pay to play isn't a new thing.
Yep, this is nothing new. I remember OO had UAL gates/slots as collateral at one point too.

John Carr 02-10-2021 05:45 PM
Originally Posted by rickair7777 (Post 3193288)
ZW bailed out US in exchange for flying. Pay to play isn't a new thing.
IIRC, RAH/Wexford was in on that too with USAir.

Originally Posted by velosnow (Post 3193297)
Yep, this is nothing new. I remember OO had UAL gates/slots as collateral at one point too.
Also, IIRC, had the OO loan payback gone to full term, the interest paid would have been crazy.

velosnow 02-10-2021 05:55 PM
Originally Posted by John Carr (Post 3193497)
Also, IIRC, had the OO loan payback gone to full term, the interest paid would have been crazy.
Yep, memory fuzzy at this point but something to the tune of ~30% rings a bell.

Evelyn Roberts 04-30-2021 03:32 PM
Originally Posted by Excargodog (Post 3193162)
Mesa bailing out United and American economically:

https://www.flightglobal.com/strateg...142365.articlesoft boy outfit
I think it is not a bad idea for a better future.


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