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Old 02-10-2021, 07:08 AM   #1  
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Default Things I never expected to see...

Mesa bailing out United and American economically:

https://www.flightglobal.com/strateg...142365.article
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Old 02-10-2021, 07:18 AM   #2  
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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.
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Old 02-10-2021, 11:29 AM   #3  
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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.
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Old 02-10-2021, 11:50 AM   #4  
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Originally Posted by rickair7777 View Post
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.
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Old 02-10-2021, 05:45 PM   #5  
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Originally Posted by rickair7777 View Post
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.

Quote:
Originally Posted by velosnow View Post
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.
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Old 02-10-2021, 05:55 PM   #6  
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Originally Posted by John Carr View Post
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.
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Old 04-30-2021, 03:32 PM   #7  
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Originally Posted by Excargodog View Post
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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