Delta's probably assembling a team in ATL to finalize their severance as we speak...........that grinding sound in ATL is the sharpening of the ax.

They've got too much feed now anyway.

It wouldn't surprise me if they released a statement later today.

How exactly will chapter 11 help them with there suit against Delta? Delta can now cancel there contract with no liabilities... I just don't get it.

Usually a company will already have a plan to deal with the downsizing of that feed within the initial days of bankruptcy. I would expect the DAL contract will probably be drawn down rather quickly. Otherwise the judge could temporarily force DAL to honor the contract, however, no one will provide any type of dip or exit financing to mesa if it is dependent on a null and void contract.

Well yea they will, that's why they filed. I'm a little puzzled why the creditors didn't help them out before BK because now they're probably going to get nothing. On the other hand now the partners can dump Mesa. It's a mess, you've got to hand it JO he's still saying they'll operate for many years to come, yea after all the contracts run out with a couple of RJs in Hawaii.

Mesa's in Ch 11. They don't have any assets. They already dumped 300,000,000 shares on the market just to pay bills last time. They've burned their cash on parked aircraft they're still paying leases on and about to see that number of aircraft more than double. Frontier made it because they received DIP financing which after purchase was later dropped. Mesa has nothing to secure DIP financing with. This goose is cooked. Expect to hear from DAL, UAL, and US Airways soon. Without the ability to secure new financing, which I guess could be possible if JO meets someone that hasn't heard of him before, the majors won't see Mesa as a stable regional to place feed. They don't want the liability of having to cover all that flying all the sudden. I'd assume they are looking to spread out what they can to other carriers and cancel the rest.

OJ has to keep company moral up. If he preaches the truth of doom and gloom the employee's will not work as hard, Show up, exc,exc....its management 101.......He will continue to paint a rosy picture until they lock the doors....best of luck to my mesa brothers and sisters....RIP Mesa

Mesa would have a hard time touching the pilot contract in BK because they need to show that they are being held back from being a successful company by that contract. That is a very tough sell when their pilots, FAs and mechanics are on the low end of every regionals pay scale.

I really dont think they will disappear. I think they will re-work one or two of their contracts and fly 40-50 aircraft for US-Airways and United for substantially reduced rates. I believe the Hawaii operation will be sold off. There is always another possibility that another regional could buy mesa with an agreement in place with delta, united, and US Airways. Skywest could agree to buy mesa and end this lawsuit with delta to secure more flying as well as get a foot in the door at airways.

interesting though

That is what's probably going to happen. Assuming they survive. I don't think there's ever been a regional to come out of BK without being bought up or greatly reduced as an airline, if they actually come out at all.