They're all his buddies. They're all still making good $.

With the economy in the tank, why would the oust him? They know they'll be replaced when he is.

Why do Good Pilots choose BAD Airlines?

I know it would require funds which us pilots really dont have alot of. But with the price at an all time low and what seems like only going lower. How much and how many shares would it take to get controlling interest in Mesa? It would be funny if the pilot group had controlling interest in MESA and could have the power to fire him. I know easier said than done

I think the debt obligations due in June are going to be enough for Chapt 11.

he got the cash to pay the debt in june with the hawaii settlement

38 due and 37.5 back from the hawaiian deal

Cash balance as of December 31, 2007 was $67 million, with 7 million of that restricted cash. They have not yet released their first quarters number (I wonder what they are trying to hide!). Given the money they burned through operating Go! in the first quarter, they certainly lost money in the first quarter. Now Delta is going to pull $20 million a month in revenue from Mesa, yet Mesa still has to pay those pilots/FA/ground crew on payroll and 36 ERJ's on leases. The Air Midwest shutdown is going to cost them money. Again, pilots/FA/ground crew on payroll.

I just cant see how long they can survive on that $60 million cash balance when they are losing money left and right, and their stock is worthless.

I wouldn't exactly count on MAG losing the Delta lawsuit. I'm sure I'm in the minority here, but DL claims to be dropping F8 over failure to meet preformance goals. Yet the nucleus of the situation envolves Delta trying to adjust the nums for DL intiated cxl, if you removed the DL intiated cxl you see the F8 is still meeting contractual obligations. BTW for at least three months that Delta calims Freedom didn't meet expectations they still paid them there preformance bonus.

Fun thought, buy the tyrant and torture him...but, he has a nice seperation clause/severance agreement I am sure. Also, even though that woudl be fun...who would want to buy/start/invest in an airline now?

True, fun thought, but it would be a bad move. Sure, the pilots could pool their money together and buy the equity stake in Mesa, but then the existing debt obligations would take the company away when there is no money to pay the bills.

I like where you are going with this... back to the drawing board.

I am not sure the pilot group would come up with enough money.

I just ran the numbers at 60,000 pilots, I read somewhere that was about how many of us there are, but room for correction and 45 cents a share.
27000 a person. I know I cannot swing that