Comair updates?
#4251
ya, it sounds like groung handling, i just wish they would spill the beans on what this hiring is about, atrition? give me a break, they said on the conference call the other day we only lost 8 pilots in one month, and they want to hire 300 new guys... done ranting
#4253
I heard that they wanted to be in a position to accept more flying from big daddy D and/or other carriers later this summer.... I suspect we are gearing up to take over DL's Mesa flying.
#4256
You will get 15 hours at 32.29 on the 1st and 15th. Why 32.29? I don't know.
#4257
Gets Weekends Off
Joined: May 2007
Posts: 1,617
Likes: 0
From: Some Hotel
Some news from the Mesa front . . .
NEW YORK, May 22 (Reuters) - Mesa Air Group Inc (MESA.O: Quote, Profile, Research), which provides regional flights for major airlines, said on Thursday it might be forced to file for bankruptcy protection if it loses a legal fight with Delta Air Lines Inc (DAL.N: Quote, Profile, Research).
If it files for bankruptcy, Mesa would be the eighth airline to seek Chapter 11 protection or close down operations in the past five months, following Frontier Airlines Holdings Inc FRNTQ.PK, Skybus Airlines Inc, ATA Airlines and others, as they grapple with record fuel prices.
Mesa, which operates regional flights for Delta, UAL Corp's (UAUA.O: Quote, Profile, Research) United Airlines and US Airways (LCC.N: Quote, Profile, Research), has been in dispute with Delta since March, when Delta told Mesa that it planned to terminate their partnership, accusing Mesa of failing to complete a specified number of flights.
Mesa denies that allegation, and in April it sued Delta, saying the airline had breached their agreement.
Earlier this month, Mesa filed a motion in the U.S. District Court for the Northern District of Georgia to prevent Delta from terminating the agreement. A court hearing is set for May 27-29, and Mesa said it expects a ruling when that is completed.
In a regulatory filing early on Thursday, Mesa warned that if it loses the case, and Delta ends the agreement -- worth about $20 million a month to Mesa -- then it might file for bankruptcy.
That lost revenue, and about $250 million to $300 million in labor, leasing and other costs over the next four years, would cause Mesa to default on lease agreements, the company said, which would seriously affect its operations and finances.
"In such event, the company's financial condition would require that the company seek protection under applicable U.S. reorganization laws in order to avoid or delay actions by its lessors, creditors and code-share partners," Mesa said in its filing.
The airline, which is already struggling to shore up its finances by issuing shares to buy back debt, closed its Air Midwest unit earlier this month.
Other airlines that have filed for bankruptcy or shut down recently are Eos Airlines, Champion Air, Aloha Airlines and MAXjet Airways Inc. (Reporting by Bill Rigby; editing by John Wallace).
I hate to say this, but I think they will be Ch. 11 by end of summer.
NEW YORK, May 22 (Reuters) - Mesa Air Group Inc (MESA.O: Quote, Profile, Research), which provides regional flights for major airlines, said on Thursday it might be forced to file for bankruptcy protection if it loses a legal fight with Delta Air Lines Inc (DAL.N: Quote, Profile, Research).
If it files for bankruptcy, Mesa would be the eighth airline to seek Chapter 11 protection or close down operations in the past five months, following Frontier Airlines Holdings Inc FRNTQ.PK, Skybus Airlines Inc, ATA Airlines and others, as they grapple with record fuel prices.
Mesa, which operates regional flights for Delta, UAL Corp's (UAUA.O: Quote, Profile, Research) United Airlines and US Airways (LCC.N: Quote, Profile, Research), has been in dispute with Delta since March, when Delta told Mesa that it planned to terminate their partnership, accusing Mesa of failing to complete a specified number of flights.
Mesa denies that allegation, and in April it sued Delta, saying the airline had breached their agreement.
Earlier this month, Mesa filed a motion in the U.S. District Court for the Northern District of Georgia to prevent Delta from terminating the agreement. A court hearing is set for May 27-29, and Mesa said it expects a ruling when that is completed.
In a regulatory filing early on Thursday, Mesa warned that if it loses the case, and Delta ends the agreement -- worth about $20 million a month to Mesa -- then it might file for bankruptcy.
That lost revenue, and about $250 million to $300 million in labor, leasing and other costs over the next four years, would cause Mesa to default on lease agreements, the company said, which would seriously affect its operations and finances.
"In such event, the company's financial condition would require that the company seek protection under applicable U.S. reorganization laws in order to avoid or delay actions by its lessors, creditors and code-share partners," Mesa said in its filing.
The airline, which is already struggling to shore up its finances by issuing shares to buy back debt, closed its Air Midwest unit earlier this month.
Other airlines that have filed for bankruptcy or shut down recently are Eos Airlines, Champion Air, Aloha Airlines and MAXjet Airways Inc. (Reporting by Bill Rigby; editing by John Wallace).
I hate to say this, but I think they will be Ch. 11 by end of summer.
#4258
I have shiny jet syndrome
Joined: Jan 2008
Posts: 984
Likes: 0
From: ELACS, FACs and SECs. Who doesn't love 'em?
Swing by the MEC office for a hard copy or you can download a PDF version off the MEC website at www.alpa.org under the "My MEC" page.
#4259
Guest
Posts: n/a
How the judge rules on May 29 will dictate where this Mesa thing is going. If the judge rules in favor of Delta, I'd say we are in good shape to pick up the flying but if he/she rules in favor of Mesa, I think you will see our hiring plans change the next day. Sucks for the Mesa pilots but life hasn't been exactly rosy here for the past few years either.
#4260
I think you are definitely right Otto next Thursday will either be really good news or not so good news. (for Comair) That is if the judge makes his decision that day... which I don't know how likely that is?
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