Mesa
09-07-2014 | 11:09 AM
#2971
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Joined: Mar 2013
Posts: 1,539
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From: 175 Left
Quote:
Originally Posted by Navmode
Bought by mesa. I'm just highlighting that any new flying hasn't involved taking anyone else's airplanes.
How could Mesa afford new planes? That $30m credit card we just announced doesn't seem like the best way to finance a number of aircraft, nor is it enough.
Originally Posted by Navmode
Bought by mesa. I'm just highlighting that any new flying hasn't involved taking anyone else's airplanes.
How could Mesa afford new planes? That $30m credit card we just announced doesn't seem like the best way to finance a number of aircraft, nor is it enough.
And to everyone who jumped all over me for saying AE's 700's went to PSA....
I was never implying or did I think we were getting those aircraft, these would be separate Mesa owned aircraft.
09-07-2014 | 11:13 AM
#2972
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Joined: Nov 2013
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Um, you understand when you go to a bank for a loan with 30 mil in cash they will give you 300-400 million right?
And to everyone who jumped all over me for saying AE's 700's went to PSA....
I was never implying or did I think we were getting those aircraft, these would be separate Mesa owned aircraft.
And to everyone who jumped all over me for saying AE's 700's went to PSA....
I was never implying or did I think we were getting those aircraft, these would be separate Mesa owned aircraft.
Mesa doesn't have $30 million cash. Or at least they didn't a few months ago.
09-07-2014 | 12:54 PM
#2973
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Joined: Feb 2007
Posts: 3,045
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From: FO
Um, you understand when you go to a bank for a loan with 30 mil in cash they will give you 300-400 million right?
And to everyone who jumped all over me for saying AE's 700's went to PSA....
I was never implying or did I think we were getting those aircraft, these would be separate Mesa owned aircraft.
And to everyone who jumped all over me for saying AE's 700's went to PSA....
I was never implying or did I think we were getting those aircraft, these would be separate Mesa owned aircraft.
09-07-2014 | 01:04 PM
#2974
Line Holder
Joined: Jul 2006
Posts: 740
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Mesa Air Group Completes $30 Million Working Capital Draw Loan | Business Wire
They have 30 million now.
They have 30 million now.
09-07-2014 | 02:16 PM
#2976
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That's not cash. It's a draw loan. Hence my previous reference to it as a "credit card". You're right, if they had $30m cash to spare, it'd be easy to finance a few aircraft. From the little I saw, though, Mesa wasn't in a particularly strong financial position.
09-07-2014 | 02:24 PM
#2977
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Joined: Mar 2013
Posts: 1,539
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From: 175 Left
Quote:
Originally Posted by prior121
Re-Read your recent press releases.
That's not cash. It's a draw loan. Hence my previous reference to it as a "credit card". You're right, if they had $30m cash to spare, it'd be easy to finance a few aircraft. From the little I saw, though, Mesa wasn't in a particularly strong financial position.
Originally Posted by prior121
Re-Read your recent press releases.
That's not cash. It's a draw loan. Hence my previous reference to it as a "credit card". You're right, if they had $30m cash to spare, it'd be easy to finance a few aircraft. From the little I saw, though, Mesa wasn't in a particularly strong financial position.
09-07-2014 | 02:35 PM
#2978
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Joined: Feb 2007
Posts: 3,045
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From: FO
You guys need to look up "Working Capital" and see what you use it for and why you take a loan out for it.
09-07-2014 | 02:40 PM
#2979
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Joined: Feb 2007
Posts: 3,045
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From: FO
You use it for for short term operational needs and liabilities (wages payable, accounts payable) when you don't have enough readily liquid assets (no cash, but accounts receivable) to cover obligations.
You don't purchase long term assets with a working capital loan.
You don't purchase long term assets with a working capital loan.
09-07-2014 | 10:10 PM
#2980
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Joined: Feb 2013
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From: First Officer
Bingo, what he said!
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