Originally Posted by loganeich

If your 700 million in debt and not making a profit, then your company is likely heading to bankruptcy. You don’t need to be an accountant to figure that out.


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Originally Posted by CrewRoomLize

This is a internet hack. He’s a travel blogger. He’s not a airline financial analyst or even a industry insider. Just a guy throwing something against the wall to see if it will stick. None of the financial media have said anything about Mesa since this hack piece came out.

Originally Posted by Amg4me

You can find out for sure at sec.edgar/gov and do a search of company filings for Mesa. This is the database of all US public companies filings with the SEC. Mesa disclosed on Oct 5, 2022 in an 8K filing the following:



Item 1.01. Entry into a Material Definitive Agreement.



On September 27, 2022, Mesa Air Group, Inc. (the “Company”), its wholly owned subsidiary, Mesa Airlines (“Mesa”), and United Airlines, Inc. (“United”) entered into an Aircraft Purchase Agreement (the “Purchase Agreement”), which provides for the sale of 18 CRJ-700 aircraft owned by Mesa to United. The Company expects the net proceeds from the sale of such aircraft will be approximately $50,000,000.



The Purchase Agreement provides that each aircraft will be delivered “as is, where is” subject to and with the benefit of a related lease agreement. Under the terms of the Purchase Agreement, the Company is providing customary representations and warranties for a transaction of this type including authorization, no conflicts, validity of agreement, regulatory matters, good and marketable title, airworthiness, no liens, aircraft records, manufacturer warranties, and no brokers’ fees. United has agreed to deposit a specified sum per aircraft with FAA counsel, to be applied toward the purchase of each aircraft. The closing of the sale of each aircraft is subject to certain customary closing conditions, including the execution of mutually acceptable sale and lease assignment and assumption documentation, and United’s satisfactory inspection of the aircraft. The Purchase Agreement provides for a downward adjustment in the purchase price based on a formula set forth therein if the closing date in respect of an aircraft occurs after January 31, 2023.

The foregoing descriptions of the Purchase Agreement and the transactions contemplated thereby do not purport to be complete and are qualified in their entirety by reference to the full text of the Purchase Agreement, which will be filed as an exhibit to the Company’s Form 10-K for the fiscal year ended September 30, 2022.

Originally Posted by Duffman

$2.5M for a CRJ700 seems really cheap. Anybody know why United is getting them for roughly 1/10th their street value?

Originally Posted by Duffman

$2.5M for a CRJ700 seems really cheap. Anybody know why United is getting them for roughly 1/10th their street value?

Originally Posted by Duffman

$2.5M for a CRJ700 seems really cheap. Anybody know why United is getting them for roughly 1/10th their street value?

Originally Posted by cornerpocket

This. This author doesn't back the claim up with any credible (inside or otherwise) information, and he doesn't seem to be a reputed source of industry knowledge. He's an unknown quantity and lacks any real credibility. Hell, the article is vague enough that you could replace "Mesa" with just about any other regional carrier and it could seem plausible. But people are talking about this article now, and no press is bad press. So maybe he accomplished what he set out for?

In this case, the "blind squirrel" ain't finding the nut. Back to your regularly scheduled programming.

Originally Posted by Twr199

Burning the furniture to stay warm.

Originally Posted by Duffman

$2.5M for a CRJ700 seems really cheap. Anybody know why United is getting them for roughly 1/10th their street value?