Mesa 3.0
02-04-2019, 06:49 PM
#6201
Gets Weekends Off
Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by amcnd
Unless this happens...
•
In addition to American’s rights, if at any time during the term of the Term Sheet the Company fails to comply with an applicable performance metric on two or more occasions, then upon the second occurrence and each subsequent failure, the Company has the right, exercisable in its discretion, to elect to permanently withdraw six aircraft from the American CPA.
•
In addition to American’s rights, if at any time during the term of the Term Sheet the Company fails to comply with an applicable performance metric on two or more occasions, then upon the second occurrence and each subsequent failure, the Company has the right, exercisable in its discretion, to elect to permanently withdraw six aircraft from the American CPA.
Mesa is positioning for an acquisition. Clearly. Not to acquire but to be acquired.
02-04-2019, 06:53 PM
#6202
Gets Weekends Off
Joined APC: May 2017
Posts: 2,145
Originally Posted by pangolin
Oh there's teeth in it for sure. What that metric is, is unknown at this point but it's serious. It's all staffing and maintenance.
02-04-2019, 06:58 PM
#6203
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Joined APC: May 2017
Posts: 2,145
Originally Posted by pangolin
They have done it for 900s they don't own. I suspect it's simply finding a way to do it and still fulfill the flying - there's no spares there either.
It is apparent from the Forbes article that United’s pilot union is holding firm that all Ejets come back in-house. And, in-house to their union means United pilots flying the Ejets. United’s expansion of regional flying is going to be done with 145’s and 200’s.
02-04-2019, 07:10 PM
#6204
Gets Weekends Off
Joined APC: May 2017
Posts: 2,145
Originally Posted by amcnd
Based off the earnings release. I would say Mesa’s 700’s are safe..
Mike Lotz, President and Chief Financial Officer continued, “On January 29, 2019 the company closed on a $91.2 million five-year term loan at LIBOR +3.1%. The proceeds were used to pay down existing debt at LIBOR +7.25% plus yield enhancement of 1.5%. We also signed a term sheet (subject to final approvals and documentation) with GECAS for the purchase of ten (10) leased CRJ-700 aircraft currently operating at United. Upon completion of the transaction we have reduced the number of leased aircraft with third parties to 18.”
Mike Lotz, President and Chief Financial Officer continued, “On January 29, 2019 the company closed on a $91.2 million five-year term loan at LIBOR +3.1%. The proceeds were used to pay down existing debt at LIBOR +7.25% plus yield enhancement of 1.5%. We also signed a term sheet (subject to final approvals and documentation) with GECAS for the purchase of ten (10) leased CRJ-700 aircraft currently operating at United. Upon completion of the transaction we have reduced the number of leased aircraft with third parties to 18.”
02-05-2019, 10:11 AM
#6206
Gets Weekends Off
Joined APC: Jul 2008
Posts: 4,203
Originally Posted by normalperson
What is the forecast for Mesa now after the conference call? Status of EJets etc?
On your “EJETS” question. They seem to want to purchase aircraft in the future. Rather then flying “partner owned”.
02-05-2019, 02:44 PM
#6207
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Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Re stacking pilots.
We are still woefully understaffed. I know people like it because our reserves fly and don’t sit reserve that long but even reserves would benefit from better QOL if we had more staffing.
As far as anticipation of more flying the forecast for block hours to be flown next quarter is WAY DOWN in the SEC filings.
We are still woefully understaffed. I know people like it because our reserves fly and don’t sit reserve that long but even reserves would benefit from better QOL if we had more staffing.
As far as anticipation of more flying the forecast for block hours to be flown next quarter is WAY DOWN in the SEC filings.
Originally Posted by amcnd
It's on there website. Listen to it.. honestly i feel there positioned well now. (And I don’t work for Mesa) but as a industry “analyst” guy. They have a better platform of a operation now... if i was choosing between Mesa/GoJet XJT. I probably would go to Mesa.. only concerning thing is ther are stacking piots in anticipation of wining more flying. Or getting more block hours. They seem to think they lost out 18 months ago because they had a pilot shortage crisis...
On your “EJETS” question. They seem to want to purchase aircraft in the future. Rather then flying “partner owned”.
On your “EJETS” question. They seem to want to purchase aircraft in the future. Rather then flying “partner owned”.
02-06-2019, 08:38 AM
#6208
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Joined APC: Feb 2019
Posts: 121
I listened to the conference call but just tapping the expertise on here and doing due diligence. Nothing in there that would make someone that’s been around tell a new hire that a storm is coming, ejets going away, American dropping Mesa etc? Asking before I decline other offer and burn that bridge 
02-06-2019, 08:59 AM
#6209
Gets Weekends Off
Joined APC: May 2017
Posts: 2,145
Originally Posted by normalperson
I listened to the conference call but just tapping the expertise on here and doing due diligence. Nothing in there that would make someone that’s been around tell a new hire that a storm is coming, ejets going away, American dropping Mesa etc? Asking before I decline other offer and burn that bridge
The United fleet website now shows GoJet’s 700’s becoming CRJ550’s. I expect the same will happen to ours.
02-06-2019, 09:51 AM
#6210
Banned
Joined APC: Jul 2018
Posts: 873
Originally Posted by calmwinds
Nothing in the call points to American or United parting ways with Mesa. In fact, they claim to be overstaffed on pilots for growth of fleet.
The United fleet website now shows GoJet’s 700’s becoming CRJ550’s. I expect the same will happen to ours.
The United fleet website now shows GoJet’s 700’s becoming CRJ550’s. I expect the same will happen to ours.
https://skift.com/2019/02/05/america...o-improve/amp/
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