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Mesa Air Group Chapter 11 Info

Old 09-17-2010 | 09:15 PM
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when do we get the details if they are doing it tonight?
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Old 09-18-2010 | 01:23 AM
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I'm guessing it would have already been posted by now, but wouldn't their POR become public domain once filed?

Disregard, found it. I was able to pick out a few key parts of interest to us, but not as exciting or breakthrough as we may have hoped, unless I'm missing something. I'll leave the expert summary and key points analysis to someone better versed at connecting the dots of the 70-page document.

Last edited by Rock752000; 09-18-2010 at 02:31 AM. Reason: found answer to own question
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Old 09-18-2010 | 03:15 AM
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The Plan:

MAG rejects/abandons 113 aircraft (47 CRJ 200, 36 ERJ145, 20 BE1900, 10 DHC-8)

MAG is to continue existing code share agreements with 77 aircraft (38 CRJ900, 20 CRJ700, 13 CRJ200, 6 DHC-8).

MAG management continues in present position.

US Airways gets $5.5 million in notes and 1 million new shares (10%) (estimated @ $2.4 - $21.8 million).

Tenth Amendment to US Airways Code-Share Agreement being finalized.

winglet
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Old 09-18-2010 | 03:31 AM
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I think 1,000,000 shares totaling $22million is a bit bold isn't it?
Right now a million shares are worth $30k.
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Old 09-18-2010 | 04:16 AM
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Originally Posted by seafeye
I think 1,000,000 shares totaling $22million is a bit bold isn't it?
Right now a million shares are worth $30k.
New shares, not the old ones.
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Old 09-18-2010 | 04:32 AM
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I know....Still think it's a little over estimating. Just don't see mesa being worth $220,000,000.
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Old 09-18-2010 | 05:05 AM
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Originally Posted by winglet
The Plan:

MAG rejects/abandons 113 aircraft (47 CRJ 200, 36 ERJ145, 20 BE1900, 10 DHC-8)

MAG is to continue existing code share agreements with 77 aircraft (38 CRJ900, 20 CRJ700, 13 CRJ200, 6 DHC-8).
Is there a breakdown of which major these planes are currently flying for?
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Old 09-18-2010 | 05:08 AM
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How long does Mesa think they can keep this going in the courts? Are they really going to come out of it? Seems like everytime something happens, Mesa files for some extension or appeal.
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Old 09-18-2010 | 05:09 AM
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Originally Posted by Clocks
Is there a breakdown of which major these planes are currently flying for?
US Airways....no one else wants to touch Mesa
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Old 09-18-2010 | 05:30 AM
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The 20 CRJ 700's are with United and not sure if some of the CRJ 200's belong to the !go operation. Everything else is with U S Airways.
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