New Mesa Thread
#6211
Old news? Not to me at least...
Mesa Airlines could complete a public offering as one of a number of options to raise liquidity in the future, the
airline’s CEO has said.
Jonathan Ornstein said the carrier is assessing a number of different options. He said: "One of our big goals as we go
forward is to continue to grow and finance the business and provide liquidity to our investors, and we’ve looked at a
number of different transactions to do that."
Ornstein said that the airline’s credentials are strong enough to support a public offering, but noted current difficulties
in the market. He said: "We think we have the numbers to support going public, but the environment has been
difficult."
Mesa Airlines was formerly a public company, having completed its initial public offering (IPO) in 1987, when it
operated 11 aircraft. However, in 2010 the airline entered Chapter 11 bankruptcy and emerged from the process as a
private airline.
The airline was awarded a Deal of the Year award on Monday night at the annual Airfinance Journal Deals of the
Year Awards ceremony. The winning deal was Mesa Airlines’ $245.9 million inaugural enhanced equipment trust
certificate (EETC), which closed last year. The deal prefunded 10 E175 aircraft that the airline had on order.
airline’s CEO has said.
Jonathan Ornstein said the carrier is assessing a number of different options. He said: "One of our big goals as we go
forward is to continue to grow and finance the business and provide liquidity to our investors, and we’ve looked at a
number of different transactions to do that."
Ornstein said that the airline’s credentials are strong enough to support a public offering, but noted current difficulties
in the market. He said: "We think we have the numbers to support going public, but the environment has been
difficult."
Mesa Airlines was formerly a public company, having completed its initial public offering (IPO) in 1987, when it
operated 11 aircraft. However, in 2010 the airline entered Chapter 11 bankruptcy and emerged from the process as a
private airline.
The airline was awarded a Deal of the Year award on Monday night at the annual Airfinance Journal Deals of the
Year Awards ceremony. The winning deal was Mesa Airlines’ $245.9 million inaugural enhanced equipment trust
certificate (EETC), which closed last year. The deal prefunded 10 E175 aircraft that the airline had on order.
#6212
Also remember this. If you are on probation the company can screw you around and you have no recourse. The union contract state that a probationary pilot cannot file a grievance nor have a grievance filed in their behalf.
Last edited by squawkoff; 05-25-2016 at 06:06 AM.
#6213
Gets Weekends Off
Joined APC: Sep 2011
Posts: 688
It does say Junior Available in the contract and the union fought hard over the available vs assigned wording. With that said you may get pushback on it and saying your not available because you have plans for a beer pong game later today is not a wise choice. If your not available it needs to be a real strong reason behind why.
#6214
It does say Junior Available in the contract and the union fought hard over the available vs assigned wording. With that said you may get pushback on it and saying your not available because you have plans for a beer pong game later today is not a wise choice. If your not available it needs to be a real strong reason behind why.
#6215
Gets Weekends Off
Joined APC: Sep 2006
Position: ERJ CA
Posts: 1,082
And btw, a big thanks to MagPBS for the time he and the other PBS coaches at Mesa put in helping people with their bids, it was a yooooge MAG ALPA "value add" that I really appreciated. There is no such help from SAPA here (that I'm aware of--and if there is, it's not publicized much), which makes it difficult for new pilots to get proficient with the PBS software. A few guys are trying to rectify that and I'm hoping to help as I gain more familiarity with the system.
#6216
Gets Weekends Off
Joined APC: Jan 2016
Position: Behind your mom/wife/girlfriend
Posts: 134
It does say Junior Available in the contract and the union fought hard over the available vs assigned wording. With that said you may get pushback on it and saying your not available because you have plans for a beer pong game later today is not a wise choice. If your not available it needs to be a real strong reason behind why.
#6218
Gets Weekends Off
Joined APC: Jan 2016
Position: Behind your mom/wife/girlfriend
Posts: 134
Well, you keep bending over for them. When I was at that place I said no to 4 JA's and never a mention of being transferred to a CP. In fact I beat them to the punch and emailed CC and told him I wouldn't be accepting it. It didn't go any further.
#6219
Gets Weekends Off
Joined APC: Jul 2006
Posts: 737
Have we heard anything about another EETC to fund the remaining 8 ejets?
#6220
Not at work
Joined APC: Oct 2014
Position: 737 ca
Posts: 293
I'm available,but not fit for duty. Im alone with my child, Im sick, Fatigued, just poped a pseudo ephedrine.
Too many reasons not to go.
Too many reasons not to go.
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