Mesa Chap 11 Filling
#21
Banned
Joined APC: Jun 2008
Posts: 8,350
They've got too much feed now anyway.
#22
#24
:-)
Joined APC: Feb 2007
Posts: 7,339
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.
#25
Gets Weekends Off
Joined APC: Nov 2005
Position: MD80
Posts: 1,111
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.
#26
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.
#27
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.
#28
Gets Weekends Off
Joined APC: Feb 2007
Position: e190
Posts: 929
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
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
#29
Gets Weekends Off
Joined APC: Nov 2005
Position: MD80
Posts: 1,111
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.
#30
The Go! operation cannot be left out......Mesa must list all there assets and income in order to file BK. They cannot conveniently "Leave out" the Go! operation as it provides income or liabilities that must be considered in the restructuring process.....its Federal Law that all assets and income must be considered for the restructuring process......BK 101
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