United Ejet award
12-18-2018, 10:57 AM
#11
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Originally Posted by pangolin
Wrong. UAL owns 40 percent of the group buying XJet.
Just got the email you are correct
They said initially it was reported wholly owned
25 planes with limited to 70 seats to replace crjs
The union still trying to get all in house and is trying to convinced management as I type
12-18-2018, 11:02 AM
#12
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Joined APC: Aug 2017
Posts: 130
Originally Posted by calmwinds
The program from ExpressJet will look like CommutAir. There will be no staple on. CommutAir has a similar investor group that owns them as is buying ExpressJet.
We will know shortly whether the Mesa Ejets are extended. United has the option to extend them for two more years. Otherwise, they go back starting in June 2019.
I also think it will be GoJet’s 700’s that are retired and not Mesa’s for a variety of reasons. But, it could be 20 Mesa 700’s and 5 GoJet’s that are retired.
I suspect Mesa and GoJet will hear shortly after the holidays, if not before.
We will know shortly whether the Mesa Ejets are extended. United has the option to extend them for two more years. Otherwise, they go back starting in June 2019.
I also think it will be GoJet’s 700’s that are retired and not Mesa’s for a variety of reasons. But, it could be 20 Mesa 700’s and 5 GoJet’s that are retired.
I suspect Mesa and GoJet will hear shortly after the holidays, if not before.
Don't be so naive on how the business world works. "Investor group" are Ual's bestest, coolest, closest buddies that they share drinks with, golf with, have family dinners with.. haha this is the beauty of business entities, they just use these entities to get around loopholes and get what they want and call them "Joint ventures" Don't be fooled! UAL owns and controls Commutair and now Xjt. They call the shots and their bestest buddies are along for the ride and hold the majority equity under the entity and some of those members are of Ual interest also. Expect a consolidation of CommutAir and Xjt into 1 entity. Ual MEC and Management clearly state they want all 76 seat and up in-house flown by UAL pilots.... and they will maneuver as necessary in other ways to get that done. Btw, with an LLC.. you can do anything you want with your operating agreement... i own 2 LLC's that hold apartments and my investors have majority equity, but i control the company as per operating agreement...
12-18-2018, 11:31 AM
#14
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Originally Posted by Sniper66
United will be the sole owner not an investor group in this case
and yes I hope you keep the 700s
Emergency MEC meeting in Chicago by UAL MEC soon to take place
and yes I hope you keep the 700s
Emergency MEC meeting in Chicago by UAL MEC soon to take place
12-18-2018, 01:02 PM
#15
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Joined APC: Oct 2012
Position: e145 fo
Posts: 250
Originally Posted by calmwinds
Yep. It would not surprise me that both the United contracts are both going to be allowed to expire. If the announcement comes soon, which I expect, watch for hiring to stop and upgrade classes to be cancelled.
The problem with knowing whether it is Mesa’s or GoJet’s is no one knows the expiration of GoJet’s CPA since they are a private company.
The problem with knowing whether it is Mesa’s or GoJet’s is no one knows the expiration of GoJet’s CPA since they are a private company.
12-18-2018, 01:06 PM
#16
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Joined APC: Jul 2014
Position: Retired
Posts: 63
"...but I expect our stock price to drop sharply on the news."
Stock price at today's close of $9.14 is down 42.33% from its high of $15.85 on 9/5/18, down 23.83% down from the IPO of $12.00; and, 23.19% lower than it was last Thursday.
One of the key strategies involved in this IPO was to limit the number of outstanding, or floating shares to the general public.
That is, go public without actually going "public" ~ Mesa's stock is held 71.34% by Institutions, other entities (AA), and hedge funds, and 3.77% is held by Insiders, Officers, and Directors, thus leaving only 24.89% of the stock floating in the "market".
This limits the company's exposure to PIA type lawsuits about stock manipulation, insider trading, and the like ~ there is simply not enough stock even available to create this.
However if you want to have some real fun, run the names of your favorite airline executives, DO's, DM's, and other Insiders thru this database: https://www.secform4.com/.
12-18-2018, 01:07 PM
#17
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Originally Posted by Bonanzer
Why would they cancel the 175 contract. I thought yall were pretty reliable now on the 175.
12-18-2018, 01:41 PM
#19
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Posts: 450
Originally Posted by pangolin
They don’t have to cancel. They expire a couple at a time over the next several months starting in June. They can easily be given to XJT who will have their E175 program up and running by then.
12-18-2018, 02:58 PM
#20
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Originally Posted by backtoregionals
That’s probably what’ll happen.
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