Mesa Air Group Chapter 11 Info
08-19-2010 | 02:16 AM
#1151
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Joined: Feb 2009
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I think Skywest would pay less if they acquired post bankruptcy as the only way a judge and the creditors committee would approve an outside plan that involved liquidation is either if Mesa's POR was complete crap or if the payout was more (a good deal more) than what they could recover in Mesa's POR.
But then again maybe not, obviously JO would have no job post-merger and that might be enough to cause him to torpedo a post-BK merger, he is a felon after all.
But then again maybe not, obviously JO would have no job post-merger and that might be enough to cause him to torpedo a post-BK merger, he is a felon after all.
Last edited by SpiraMirabilis; 08-19-2010 at 02:30 AM.
08-20-2010 | 02:57 PM
#1152
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Joined: Mar 2006
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From: EMB 145 FO
Why do people think they know everything? To liquidate you would have to be in Chap 7 which we are not. In chap 11 you would take everything including the 200's that everybody is trying to get rid of, (all or nothing) read our scope, USairways would lose feed for quite sometime in your scenerio since you would have to train pilots immediately. In the end nobody knows, yet so many pretend too.
These rumors are crazy. I sure read alot about the compass andMesaba deals nefore they happened.....................NOT!
These rumors are crazy. I sure read alot about the compass andMesaba deals nefore they happened.....................NOT!
Maybe JO does get what he pays for.
08-20-2010 | 04:28 PM
#1154
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Joined: Dec 2007
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Don't spend that extra $125 bucks a month in one place.
08-21-2010 | 07:00 AM
#1155
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Joined: Mar 2006
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From: EMB 145 FO
08-21-2010 | 01:15 PM
#1157
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Joined: Apr 2006
Posts: 204
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From: CL-65 R, L, R... R.
There may have been sarcasm involved, but not humor. More like mean-spirited and uninformed flamebaiting.
MAG pilots did raise the bar, not nearly enough, but it has been raised just enough to stay off the chopping block in BK.
When should be expect others doing the same job to follow suit instead of allowing their contracts to be purchased or operated at for a loss?
That was sarcasm.
MAG pilots did raise the bar, not nearly enough, but it has been raised just enough to stay off the chopping block in BK.
When should be expect others doing the same job to follow suit instead of allowing their contracts to be purchased or operated at for a loss?
That was sarcasm.
08-22-2010 | 07:12 PM
#1159
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Joined: Jun 2008
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The July MOR has been submitted.
Summary:
Total Revenue: $65,342,000
Total Operating Expenses: $66,208,000
Total Non-Operating Income (Expense): ($1,057,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($923,000)
Income (Loss) Before Discontinued Operations: ($27,888,000)
Net Income (Loss): ($27,888,000)
Total Assets: $923,525,000
Total Liabillities: $1,126,731,000
Total Liabilities and Stockholder's Equity: $923,525,000
Cash and Cash Equivalents at Beginning of Period: $52,165,000
Cash and Cash Equivalents at End of Period: $53,257,000
Increase (Decrease) in Cash and Cash Equivalents: $1,110,000
winglet
Summary:
Total Revenue: $65,342,000
Total Operating Expenses: $66,208,000
Total Non-Operating Income (Expense): ($1,057,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($923,000)
Income (Loss) Before Discontinued Operations: ($27,888,000)
Net Income (Loss): ($27,888,000)
Total Assets: $923,525,000
Total Liabillities: $1,126,731,000
Total Liabilities and Stockholder's Equity: $923,525,000
Cash and Cash Equivalents at Beginning of Period: $52,165,000
Cash and Cash Equivalents at End of Period: $53,257,000
Increase (Decrease) in Cash and Cash Equivalents: $1,110,000
winglet
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