Mesa Chap 11 Filling
01-05-2010, 07:54 AM
#51
Gets Weekends Off
Joined APC: Jul 2008
Position: Stage Left
Posts: 366
Originally Posted by CheapFlyer
Funny how he didn't even mention that he plans on gutting YOUR contract to the fullest extent of the law.
Best of luck you guys.
Best of luck you guys.
No, he did.
"Thank you for your on-going hard work and support. You have our commitment that we will provide updates to you as we move through this process."
He's committed to updating the pilots of the new terms as they progress!
GET OUT NOW boys and girls.
01-05-2010, 07:58 AM
#52
Gets Weekends Off
Joined APC: Apr 2007
Position: NOYDB
Posts: 876
My heart goes out to all the MAG employees. MAG has a tough mountain to climb. MAG's biggest hurdle to overcome is DIP financing. Without it, there's no getting out of BK. Since MAG is regualted by the SEC; they come under the jurisdiction of the U.S. Bankruptcy Court SOuthern District of New York. They presided over USAir, NWA, Mesaba, Delta, and United bankruptcies. Good luck guys. It's a long tough battle. I'd have something lined up just incase!
01-05-2010, 08:10 AM
#53
Gets Weekends Off
Joined APC: Apr 2007
Position: NOYDB
Posts: 876
Originally Posted by carlomonte
Nothing will change in regards to current contracts with delta, united, and usairways. Under reorganization plan they can cherri pick contracts for ch11. As I understand only certain aircraft leases are in ch11 filing.
01-05-2010, 08:13 AM
#54
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,293
Originally Posted by eaglefly
He says they'll continue to pay employees, but doesn't BK ultimately allow for petitions to alter labor agreements as part of any final restructuring ?
In other words, look for contract decimation to the bone, including pay.
In other words, look for contract decimation to the bone, including pay.
Originally Posted by eaglefly
Additionally, regardless whether they win or lose against Delta, Delta will be dump them at the first opportunity and this will only leave U as the major carrier partner, so look for a noticable reduction of the current fleet and that means more downgrades and furloughs for pilots. There will probably be noticable downsizing even before Delta kicks Mesa to the curb as noted in the statement.
Originally Posted by eaglefly
But do remember.......your considerate friend Johnny wishes you a very merry christmas and happy new year !
01-05-2010, 08:15 AM
#55
On Reserve
Joined APC: Dec 2009
Position: horizon CA bomber
Posts: 24
Originally Posted by bradeku1008
Yea, I would hope the CRJ 900's go to mainline. But I highly doubt they even act on them. Airways already has PDT PSA AWAC and Republic that can pick up all the flying out of both CLT and PHX. Would hope they give some of the flying to mainline to bring back all the furloughed pilots there.
01-05-2010, 08:17 AM
#56
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,293
Originally Posted by Clocks
Can the courts prevent Delta and United from doing that?
Otherwise every BK airline would simply require each and every pax who bought tickets last year to buy the same number this year...alleviating pesky economic downturns.
01-05-2010, 08:32 AM
#57
Gets Weekends Off
Joined APC: Feb 2008
Posts: 161
Originally Posted by rickair7777
No. Bankruptcy allows you to get out of YOUR obligations...it does not force your customers to keep employing you.
Otherwise every BK airline would simply require each and every pax who bought tickets last year to buy the same number this year...alleviating pesky economic downturns.
Otherwise every BK airline would simply require each and every pax who bought tickets last year to buy the same number this year...alleviating pesky economic downturns.
01-05-2010, 08:42 AM
#59
Gets Weekends Off
Joined APC: Sep 2007
Position: CRJ 200/700/900 CA & Instructor
Posts: 658
This was posted on another thread. It provides some insight about the contracts Mesa has with other airlines.
All of the facts above can be seen on the Mesa Airlines website under, financial information.
http://phx.corporate-ir.net/phoenix....-reportsAnnual
1. Direct quote from the 2008 annual report:
Airways:
"The code-share agreement is subject to termination prior to that date in various circumstances including: If either US Airways or we become insolvent, file for bankruptcy or fail to pay our debts as they become due, the non-defaulting party may terminate the agreement;"
UA:
The code-share agreement is subject to termination prior to these dates under various circumstances including: If either United or we become insolvent, file bankruptcy or fail to pay debts when due, the non-defaulting party may terminate the agreement;"
DL:
The agreements may be subject to early termination under various circumstances including: If either Delta or we file for bankruptcy, reorganization or similar action or if either Delta or we make an assignment for the benefit of creditors;"
All of the facts above can be seen on the Mesa Airlines website under, financial information.
http://phx.corporate-ir.net/phoenix....-reportsAnnual
1. Direct quote from the 2008 annual report:
Airways:
"The code-share agreement is subject to termination prior to that date in various circumstances including: If either US Airways or we become insolvent, file for bankruptcy or fail to pay our debts as they become due, the non-defaulting party may terminate the agreement;"
UA:
The code-share agreement is subject to termination prior to these dates under various circumstances including: If either United or we become insolvent, file bankruptcy or fail to pay debts when due, the non-defaulting party may terminate the agreement;"
DL:
The agreements may be subject to early termination under various circumstances including: If either Delta or we file for bankruptcy, reorganization or similar action or if either Delta or we make an assignment for the benefit of creditors;"
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