Mesa Air Group Chapter 11 Info
01-08-2010 | 08:10 PM
#71
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,144
Likes: 802
From: Engines Turn or People Swim
What i can see happening is that the companies (GE, Bombardier, Emb)that own the CRJ's/ERJ's are going to be forced to renegotiate the leases at a reduced rate. This is bad news for everyone because it will allow Mesa management to once again undercut everyone else. What does this mean to a non-mesa pilot? Where do you think your managment is going to look when they need to cut costs and match Mesa?
Chapter 11 will help Mesa lower their costs and make everyone else more expensive.
Does GE, Bombardier, Emb have to renegotiate? No, but really what choice will they have. Get some payment for the 50 seaters or no payment at all. I don't expect Mesa to shrink its size to levels that others say only because the 50 seaters aren't going anywhere.
What we can hope for is that the creditors have other takers for the airplanes and force Mesa into Chapter 7. But I don't see that happening.
Chapter 11 will help Mesa lower their costs and make everyone else more expensive.
Does GE, Bombardier, Emb have to renegotiate? No, but really what choice will they have. Get some payment for the 50 seaters or no payment at all. I don't expect Mesa to shrink its size to levels that others say only because the 50 seaters aren't going anywhere.
What we can hope for is that the creditors have other takers for the airplanes and force Mesa into Chapter 7. But I don't see that happening.
If the same people also hold the 900 and 700 leases, they would probably prefer to kill mesa and get their big RJ's back...those still have market value.
01-09-2010 | 06:40 AM
#73
Gets Weekends Off
Joined: Dec 2009
Posts: 172
Likes: 0
No major wants those 50-seaters (especially if they are operated by mesa). Even if mesa gets a significant reduction in lease payments, where are they going to get the income? DL and UA have already terminated their 50 seat flying, there's only a handful left at US.
If the same people also hold the 900 and 700 leases, they would probably prefer to kill mesa and get their big RJ's back...those still have market value.
If the same people also hold the 900 and 700 leases, they would probably prefer to kill mesa and get their big RJ's back...those still have market value.
1. Beer cans
2. Third world
3. Corporate Jet conversion
The CR9s and CR7s will definitely get scooped up. Ideally I would love to see one of the majors scoop them up and stick mainline pilots in them but realistically that won't happen. It's what I'm hoping for though.
The more realistic option (and smart business decision from a management perspective) would be someone with a ton of cash (Skywest or RAH) coming in and buying these up and burying Mesa once and for all.
The Reverend seems a little preoccupied at the moment and I doubt he'll get any more feed contracts from his major partners since he is now directly competing with them. He also seems to have an obsession with the E-Jets so I doubt he'll add to his small CRJ fleet.
Skywest Inc. seems like the most realistic candidate to scoop up these aircraft if the opportunity arrises. They are sitting on a ton of cash and can probably find a home for them in short order.
Thoughts?
01-09-2010 | 07:13 AM
#74
Banned
Joined: Jun 2008
Posts: 8,350
Likes: 0
50 seaters will go one of three routes:
1. Beer cans
2. Third world
3. Corporate Jet conversion
The CR9s and CR7s will definitely get scooped up. Ideally I would love to see one of the majors scoop them up and stick mainline pilots in them but realistically that won't happen. It's what I'm hoping for though.
The more realistic option (and smart business decision from a management perspective) would be someone with a ton of cash (Skywest or RAH) coming in and buying these up and burying Mesa once and for all.
The Reverend seems a little preoccupied at the moment and I doubt he'll get any more feed contracts from his major partners since he is now directly competing with them. He also seems to have an obsession with the E-Jets so I doubt he'll add to his small CRJ fleet.
Skywest Inc. seems like the most realistic candidate to scoop up these aircraft if the opportunity arrises. They are sitting on a ton of cash and can probably find a home for them in short order.
Thoughts?
1. Beer cans
2. Third world
3. Corporate Jet conversion
The CR9s and CR7s will definitely get scooped up. Ideally I would love to see one of the majors scoop them up and stick mainline pilots in them but realistically that won't happen. It's what I'm hoping for though.
The more realistic option (and smart business decision from a management perspective) would be someone with a ton of cash (Skywest or RAH) coming in and buying these up and burying Mesa once and for all.
The Reverend seems a little preoccupied at the moment and I doubt he'll get any more feed contracts from his major partners since he is now directly competing with them. He also seems to have an obsession with the E-Jets so I doubt he'll add to his small CRJ fleet.
Skywest Inc. seems like the most realistic candidate to scoop up these aircraft if the opportunity arrises. They are sitting on a ton of cash and can probably find a home for them in short order.
Thoughts?
The best part is, it could be mostly machinery with few pesky humans to skim his profits.
01-09-2010 | 08:26 AM
#75
Line Holder
Joined: Oct 2009
Posts: 41
Likes: 0
50 seaters will go one of three routes:
1. Beer cans
2. Third world
3. Corporate Jet conversion
The CR9s and CR7s will definitely get scooped up. Ideally I would love to see one of the majors scoop them up and stick mainline pilots in them but realistically that won't happen. It's what I'm hoping for though.
The more realistic option (and smart business decision from a management perspective) would be someone with a ton of cash (Skywest or RAH) coming in and buying these up and burying Mesa once and for all.
The Reverend seems a little preoccupied at the moment and I doubt he'll get any more feed contracts from his major partners since he is now directly competing with them. He also seems to have an obsession with the E-Jets so I doubt he'll add to his small CRJ fleet.
Skywest Inc. seems like the most realistic candidate to scoop up these aircraft if the opportunity arises. They are sitting on a ton of cash and can probably find a home for them in short order.
Thoughts?
1. Beer cans
2. Third world
3. Corporate Jet conversion
The CR9s and CR7s will definitely get scooped up. Ideally I would love to see one of the majors scoop them up and stick mainline pilots in them but realistically that won't happen. It's what I'm hoping for though.
The more realistic option (and smart business decision from a management perspective) would be someone with a ton of cash (Skywest or RAH) coming in and buying these up and burying Mesa once and for all.
The Reverend seems a little preoccupied at the moment and I doubt he'll get any more feed contracts from his major partners since he is now directly competing with them. He also seems to have an obsession with the E-Jets so I doubt he'll add to his small CRJ fleet.
Skywest Inc. seems like the most realistic candidate to scoop up these aircraft if the opportunity arises. They are sitting on a ton of cash and can probably find a home for them in short order.
Thoughts?
Whomever does buy what is left of Mesa, has enough financial prowess to know that Mesa has not reached their optimum breakup price at present. They still have to loose the case with Delta, they still have to loose their flying with UA, they still have to exacerbate their creditors further, until the inevitable occurs. Filing Chapter 7, is the key here. At that point in time, the vultures will begin to circle.....
My best bet would be for Skywest to be picking at the eye sockets first...
01-09-2010 | 10:24 AM
#76
Gets Weekends Off
Joined: Nov 2009
Posts: 236
Likes: 0
From: A320
01-09-2010 | 11:08 AM
#77
Gets Weekends Off
Joined: Nov 2005
Posts: 1,111
Likes: 0
From: MD80
Right now, Mesa has 177 airplanes to its name. Incredibly, a whopping 52 of those are parked:
* 20 Beechcraft 1900 19 seat turboprops haven’t been used for a long time
* 3 Bombardier Dash-8 turboprops have joined them
* 17 Bombardier CRJ-200 50 seat jets are sitting in the desert
* 12 Embraer ERJ-145 50 seat jets are parked
In addition to that, United will be ending its contract for 7 Dash 8s and 18 CRJ-200s in the near future. Mesa says it wants to ditch those 76 airplanes. That will leave them with a mere 101 airplanes left as follows.
* 6 Bombardier Dash-8s with US Airways
* 8 Bombardier CRJ-200s with US Airways
* 5 Bombardier CRJ-200s with go!
* 22 Embraer ERJ-145s with Delta
* 2 Embraer ERJ-145s subleased out
* 20 Bombardier CRJ-700s with United
* 38 Bombardier CRJ-900s with US Airways
Free jets anyone? Get your free jets. By 3 get 1 free.
* 20 Beechcraft 1900 19 seat turboprops haven’t been used for a long time
* 3 Bombardier Dash-8 turboprops have joined them
* 17 Bombardier CRJ-200 50 seat jets are sitting in the desert
* 12 Embraer ERJ-145 50 seat jets are parked
In addition to that, United will be ending its contract for 7 Dash 8s and 18 CRJ-200s in the near future. Mesa says it wants to ditch those 76 airplanes. That will leave them with a mere 101 airplanes left as follows.
* 6 Bombardier Dash-8s with US Airways
* 8 Bombardier CRJ-200s with US Airways
* 5 Bombardier CRJ-200s with go!
* 22 Embraer ERJ-145s with Delta
* 2 Embraer ERJ-145s subleased out
* 20 Bombardier CRJ-700s with United
* 38 Bombardier CRJ-900s with US Airways
Free jets anyone? Get your free jets. By 3 get 1 free.
01-09-2010 | 11:12 AM
#78
Gets Weekends Off
Joined: Apr 2009
Posts: 936
Likes: 0
Right now, Mesa has 177 airplanes to its name. Incredibly, a whopping 52 of those are parked:
* 20 Beechcraft 1900 19 seat turboprops haven’t been used for a long time
* 3 Bombardier Dash-8 turboprops have joined them
* 17 Bombardier CRJ-200 50 seat jets are sitting in the desert
* 12 Embraer ERJ-145 50 seat jets are parked
In addition to that, United will be ending its contract for 7 Dash 8s and 18 CRJ-200s in the near future. Mesa says it wants to ditch those 76 airplanes. That will leave them with a mere 101 airplanes left as follows.
* 6 Bombardier Dash-8s with US Airways
* 8 Bombardier CRJ-200s with US Airways
* 5 Bombardier CRJ-200s with go!
* 22 Embraer ERJ-145s with Delta
* 2 Embraer ERJ-145s subleased out
* 20 Bombardier CRJ-700s with United
* 38 Bombardier CRJ-900s with US Airways
Free jets anyone? Get your free jets. By 3 get 1 free.
* 20 Beechcraft 1900 19 seat turboprops haven’t been used for a long time
* 3 Bombardier Dash-8 turboprops have joined them
* 17 Bombardier CRJ-200 50 seat jets are sitting in the desert
* 12 Embraer ERJ-145 50 seat jets are parked
In addition to that, United will be ending its contract for 7 Dash 8s and 18 CRJ-200s in the near future. Mesa says it wants to ditch those 76 airplanes. That will leave them with a mere 101 airplanes left as follows.
* 6 Bombardier Dash-8s with US Airways
* 8 Bombardier CRJ-200s with US Airways
* 5 Bombardier CRJ-200s with go!
* 22 Embraer ERJ-145s with Delta
* 2 Embraer ERJ-145s subleased out
* 20 Bombardier CRJ-700s with United
* 38 Bombardier CRJ-900s with US Airways
Free jets anyone? Get your free jets. By 3 get 1 free.
Thread
Thread Starter
Forum
Replies
Last Post
