Airline Pilot Central Forums - How long until Mesa closes its doors?

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Their successor has been chosen: http://money.cnn.com/news/newsfeeds/...3-24328591.htm

JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.

Quote:

Originally Posted by jedinein (Post 378956)

Their successor has been chosen: http://money.cnn.com/news/newsfeeds/...3-24328591.htm

JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.

April 7, really?

(It's May now)

Quote:

Originally Posted by jedinein (Post 378956)

Their successor has been chosen: http://money.cnn.com/news/newsfeeds/...3-24328591.htm

JO will go bankrupt at the best possible time to screw creditors and employees, not necessarily in that order.

I’m not a financial guru, but I’m not sure how this article form April has anything to do with the subject at had. It has to do with MESA not being on the S&P 600. Please explain if you have an explanation.

:confused:

Didn't think I had to be that basic, the stock is already being removed from standings, in preparation for their delisting.

As for the statement on JO, just think of the nastiest possible action towards employees, and there ya go.

Quote:

Originally Posted by muushin (Post 378938)

Just a few problems with that logic:

1. Millions of dollars in debentures payable in June.
38 million due in June, the exact amount we just got back from the Hawaiian settlement.
2. Pending lawsuit from Aloha.
They are going after preditory pricing, like someone else said, very hard to prove. Could go either way.
3. Major problems with Delta, possible code share loss, spelling out the possible end to Freedom.
Delta is over, we've known that for about a month. Lawsuit with them, court date later this month. Could get some flying back or $$ or neither. Who knows.
4. JO unable to unload unprofitable CRJ 200's on the Chinese.
Don't know about that operation, JO keeps us out of the loop on that one. Completely separate airline.
5. 55 million due out to last law suit.
That was in a bond, meaning it has been out of our bank since this past summer. No monetary hit on that one, since it was set aside.
6. No one to unload the ERJ 145's that were based in JFK.
We'll see.
7. Fuel and market instability risk, in combination with all of the above, combined with high pilot attrition rate.
Attrition has slowed considerably.

What do you think is going to happen?

We'll keep stumbing along, just like we always do.

Mesa is a cockroach that will never go away. Bankruptcy....allows them to unload the ERJ's and temporarily take care of their pilot shortage, it also allows Mesa to go to a one type fleet of CRJ's that will lower training and Mx costs.

Quote:

Originally Posted by spitfire1500 (Post 380722)

If Fuel spikes up again unexpectedly, and another code share affiliate decides to dump Mesa unexpectedly like Delta had prudently decided wisely,

then the whole infestation might finally actually come to a fitting end.

"We'll keep stumbing along, just like we always do."

With all due respect sir,

Stumble on this!!!

http://showmenews.com/2008/May/20080507News006.asp

Quote:

Originally Posted by muushin (Post 381258)

"We'll keep stumbing along, just like we always do."

With all due respect sir,

Stumble on this!!!

http://showmenews.com/2008/May/20080507News006.asp

....Mesa has been planning and trying to shut down Air Midwest for years (since about 2002). On the books Air Middie has been a money loser a long time, and it will lower Mesa's costs once again.

i saw over on Flight Info J.O. has his house up for sale. I wonder if your at make a Messa, should you be concerned.