Mesa 3.0
02-04-2019 | 06:53 PM
#6211
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02-04-2019 | 06:58 PM
#6212
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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
#6213
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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
#6215
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Joined: Jul 2008
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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
#6216
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Joined: Jul 2017
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From: CRJ9 CA
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.
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
#6217
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Joined: Feb 2019
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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
#6218
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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
#6219
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02-06-2019 | 10:55 AM
#6220
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