Mesa
08-13-2014 | 11:03 AM
#2341
Living the Dream
Joined: Sep 2013
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Unless I am mistaken, deltajuliet was saying that the financial risk of breaking contract/paying the debt vs. going to a major, would pay itself off in the long run.
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Reading a few more of the most recent posts leaves me with two more questions:
1- Any idea of how much training costs to pay back, before being prorated?
2- If the training contract doesn't start until the completion of IOE, how long does it typically take from day 1 of training to complete IOE?
Thanks for all the help.
---------------------------
Reading a few more of the most recent posts leaves me with two more questions:
1- Any idea of how much training costs to pay back, before being prorated?
2- If the training contract doesn't start until the completion of IOE, how long does it typically take from day 1 of training to complete IOE?
Thanks for all the help.
To finish IOE, you're probably looking at 2-3 months (mostly depending on simulator availability).
08-13-2014 | 01:47 PM
#2342
Banned
Joined: Jul 2012
Posts: 432
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PHOENIX--(BUSINESS WIRE)--Mesa Air Group, Inc. announced today it has closed on a $30 million working capital draw loan through Tennenbaum Capital Partners, LLC. The funds are available for up to two years and have a five year term.
“This is an important step in our long-term growth plan as we continue to ‘fund the future’ with a strong financial base and the ability to finance aircraft in today’s challenging market”
The funds will be used to support current aircraft purchases and growth-related expenses as well as anticipated future growth opportunities. In the past sixteen months Mesa has added 19 CRJ 900 aircraft to be operated for American Airlines and 6 Embraer 175 aircraft to be operated for United Airlines with an additional 24 Embraer 175 aircraft being delivered over the next 24 months.
“This is an important step in our long-term growth plan as we continue to ‘fund the future’ with a strong financial base and the ability to finance aircraft in today’s challenging market,” said Mesa Chairman and CEO Jonathan Ornstein. “We are in a unique position in the industry with long-term contracts with our mainline partners for 107 high-demand CRJ 700/900 and E175 regional jets.”
Imperial Capital LLC acted as the exclusive financial advisor to Mesa in sourcing the financing. Mesa was represented by DLA Piper in the closing of the aforementioned financing and Tennenbaum Capital Partners was represented by Hughes Hubbard and Reed LLP.
About Mesa Airlines
A multiple recipient of Air Transport World’s Regional Airline of the Year Award and ranked No. 1 Regional Airline three consecutive years by the DOT Air Travel Consumer Report, Phoenix-based Mesa Airlines operates as US Airways Express and American Eagle from Charlotte and Phoenix and as United Express from Washington Dulles, Chicago and Houston. Founded on a mesa in New Mexico in 1982 by Larry and Janie Risley, Mesa currently operates 83 aircraft with more than 400 daily system departures to 90 cities, 38 states, the District of Columbia, Canada and Mexico. The company has approximately 2,200 employees throughout the U.S.
“This is an important step in our long-term growth plan as we continue to ‘fund the future’ with a strong financial base and the ability to finance aircraft in today’s challenging market”
The funds will be used to support current aircraft purchases and growth-related expenses as well as anticipated future growth opportunities. In the past sixteen months Mesa has added 19 CRJ 900 aircraft to be operated for American Airlines and 6 Embraer 175 aircraft to be operated for United Airlines with an additional 24 Embraer 175 aircraft being delivered over the next 24 months.
“This is an important step in our long-term growth plan as we continue to ‘fund the future’ with a strong financial base and the ability to finance aircraft in today’s challenging market,” said Mesa Chairman and CEO Jonathan Ornstein. “We are in a unique position in the industry with long-term contracts with our mainline partners for 107 high-demand CRJ 700/900 and E175 regional jets.”
Imperial Capital LLC acted as the exclusive financial advisor to Mesa in sourcing the financing. Mesa was represented by DLA Piper in the closing of the aforementioned financing and Tennenbaum Capital Partners was represented by Hughes Hubbard and Reed LLP.
About Mesa Airlines
A multiple recipient of Air Transport World’s Regional Airline of the Year Award and ranked No. 1 Regional Airline three consecutive years by the DOT Air Travel Consumer Report, Phoenix-based Mesa Airlines operates as US Airways Express and American Eagle from Charlotte and Phoenix and as United Express from Washington Dulles, Chicago and Houston. Founded on a mesa in New Mexico in 1982 by Larry and Janie Risley, Mesa currently operates 83 aircraft with more than 400 daily system departures to 90 cities, 38 states, the District of Columbia, Canada and Mexico. The company has approximately 2,200 employees throughout the U.S.
08-13-2014 | 02:18 PM
#2343
Gets Weekends Off
Joined: Oct 2005
Posts: 955
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From: 737 Right
08-13-2014 | 03:27 PM
#2344
Gets Weekends Off
Joined: Aug 2011
Posts: 492
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From: Cloud surfing
Yep. People always seem to think that passing the checkride is the big deal, but if you've never flown 121 or a jet, IOE is the big deal.
I remember AE had a 30 hour max for IOE. If you weren't cutting it by then you were out. Now some regionals are allowing people to fly 80 hours on IOE...
I remember AE had a 30 hour max for IOE. If you weren't cutting it by then you were out. Now some regionals are allowing people to fly 80 hours on IOE...
Do they let you jump seat during the training process to get an idea of what. IOE will look like?
08-13-2014 | 04:26 PM
#2345
Living the Dream
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You jumpseat a few flights before IOE just to get a feel, then they say around 35 hours of IOE.
08-13-2014 | 04:31 PM
#2346
Banned
Joined: Jul 2012
Posts: 432
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Fat pilots carry less payload?
New 700s to DFW for AA. (Credibly source but seems ridiculous to me)
DFW opening, CLT downsizing.
ORD is closing. Looks like IAD will go super senior as it will be the only (large) east coast base.
LAX opening.
IAH still the only E175 base.
New 700s to DFW for AA. (Credibly source but seems ridiculous to me)
DFW opening, CLT downsizing.
ORD is closing. Looks like IAD will go super senior as it will be the only (large) east coast base.
LAX opening.
IAH still the only E175 base.
08-13-2014 | 05:48 PM
#2347
Gets Weekends Off
Joined: Aug 2013
Posts: 774
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No, nothing is ridiculous.
The ioe requirement is 25 hours. some may take a bit more. After ground school, you are required to observe 4 flight legs in the jumpseat.
The ioe requirement is 25 hours. some may take a bit more. After ground school, you are required to observe 4 flight legs in the jumpseat.
08-13-2014 | 05:55 PM
#2348
Living the Dream
Joined: Sep 2013
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You're just full of good information, ever since my first post. I love it.
08-13-2014 | 06:29 PM
#2349
Line Holder
Joined: Dec 2013
Posts: 377
Likes: 0
From: men without hats
Why does everyone act like it's a conspiracy theory? It says right on the Envoy Wikipedia page that "all 47 converting to another regional carrier" and cites this press article:
Sky Talk: With American parking regional aircraft, Envoy will need 47 percent fewer pilots
American Airlines Group has told Envoy Air's pilots union it plans to park 59 small regional jets and transfer 47 larger regional jets away from its subsidiary carrier.
Sky Talk: With American parking regional aircraft, Envoy will need 47 percent fewer pilots
American Airlines Group has told Envoy Air's pilots union it plans to park 59 small regional jets and transfer 47 larger regional jets away from its subsidiary carrier.
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