Mesa 3.0
01-29-2019, 03:30 PM
#6191
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Joined APC: May 2017
Posts: 2,145
Originally Posted by pangolin
This should be brought up as a question on the feb 4 results conference call.
Based on the last call, they will get asked about the United CPA. I wonder if JO will dance as effectively around the subject as he did in the last call.
02-04-2019, 04:14 PM
#6193
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Joined APC: Jul 2008
Posts: 4,203
Originally Posted by NovemberBravo
If UA does extends the 700s they need a new paint job those things are trashed.
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.”
02-04-2019, 04:19 PM
#6194
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Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
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.”
02-04-2019, 05:22 PM
#6195
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Joined APC: May 2017
Posts: 2,145
Originally Posted by pangolin
Good find. I missed that when I read it. But why not update them to ADS-B? I've heard rumors of moving some to the american side as spares but we are pulling two 900's off the American CPA to use as spares.
02-04-2019, 05:27 PM
#6196
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Joined APC: Mar 2018
Position: Feeder of Amber
Posts: 229
Originally Posted by pangolin
Good find. I missed that when I read it. But why not update them to ADS-B? I've heard rumors of moving some to the american side as spares but we are pulling two 900's off the American CPA to use as spares.
02-04-2019, 05:38 PM
#6197
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Joined APC: May 2017
Posts: 2,145
Originally Posted by 3400
Spares for what? UA ops at IAD?
02-04-2019, 06:19 PM
#6198
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Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by calmwinds
I doubt these serve like the SkyWest spare in that it lacks partner colors, and can fly for any partner. I suspect these 900’s will be spares for American at its bases and will be in American colors. I guess it’s possible they may treated the same, but unlikely.
02-04-2019, 06:21 PM
#6199
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Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by calmwinds
Mesa wouldn’t update the ADS-B for 700’s they don’t own.
02-04-2019, 06:25 PM
#6200
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Joined APC: Jul 2008
Posts: 4,203
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.
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