Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Regional
Mesa Air Group Settles Aloha Lawsuit >

Mesa Air Group Settles Aloha Lawsuit

Search

Notices
Regional Regional Airlines

Mesa Air Group Settles Aloha Lawsuit

Thread Tools
 
Search this Thread
 
Old 11-28-2008 | 07:49 PM
  #21  
Gets Weekends Off
 
Joined: Oct 2008
Posts: 1,530
Likes: 0
Default

Mesa won the argument in May because they argued that they would be bankrupt while waiting for the court date in Jan. It wasn't because they're special. Still, that makes sense, it wouldn't be fair to Mesa. However this Jan they're going to have to come up with something better if they want to win. It could be a settlement but then why hasn't Delta, which isn't bankrupt like Aloha, wait till Jan? They obviously think they have a case. We'll see no matter what the outcome, not good for Mesa's future.
Reply
Old 11-28-2008 | 08:11 PM
  #22  
TurboFan's Avatar
Gets Weekends Off
 
Joined: Apr 2008
Posts: 281
Likes: 0
From: A320 FO
Default

There sure are a lot of wild accusations flying around this thread with not one source to back any of them up. If you're going to make accusations, back them up with a reputable source or their nothing but gossip.
Reply
Old 11-28-2008 | 08:13 PM
  #23  
H46Bubba's Avatar
Gets Weekends Off
 
Joined: Apr 2007
Posts: 876
Likes: 0
From: NOYDB
Default

Originally Posted by Purpleanga
Mesa won the argument in May because they argued that they would be bankrupt while waiting for the court date in Jan. It wasn't because they're special. Still, that makes sense, it wouldn't be fair to Mesa. However this Jan they're going to have to come up with something better if they want to win. It could be a settlement but then why hasn't Delta, which isn't bankrupt like Aloha, wait till Jan? They obviously think they have a case. We'll see no matter what the outcome, not good for Mesa's future.
The court date is for Delta's appeal on the ERJ injunction, not the actual hearing for the case. The actual hearing is sometime this spring.
Reply
Old 11-28-2008 | 08:58 PM
  #24  
rickkane's Avatar
Line Holder
 
Joined: Oct 2008
Posts: 51
Likes: 0
From: md-8
Default

mesa and anyone affiliated is an utter disgrace. what a slap in the face to those that worked at aloha. the only reason delta brought mesa into the delta brand was for ONE reason. 1) to lower the dci average for work rules, pay, etc. (during the bankrupcty proceedings) thats it. plain and simple. i would feel like a complete loser if i knew that the only reason i was getting awarded flying from a company was to screw everyone else. sorry to be so straightforward but i really am sick of mesa and anyone affiliated with them.
Reply
Old 11-28-2008 | 09:41 PM
  #25  
Gets Weekends Off
 
Joined: Jul 2008
Posts: 243
Likes: 0
Default

Sounds like maybe the Aloha paper holders think Mesa won't be around very long and want some money now? If Mesa liquidates, will JO buy the Aloha name from Mesa and start another airline? There's more hear than meets the eye.
Reply
Old 11-28-2008 | 10:20 PM
  #26  
TurboFan's Avatar
Gets Weekends Off
 
Joined: Apr 2008
Posts: 281
Likes: 0
From: A320 FO
Default

Originally Posted by rickkane
mesa and anyone affiliated is an utter disgrace. what a slap in the face to those that worked at aloha. the only reason delta brought mesa into the delta brand was for ONE reason. 1) to lower the dci average for work rules, pay, etc. (during the bankrupcty proceedings) thats it. plain and simple. i would feel like a complete loser if i knew that the only reason i was getting awarded flying from a company was to screw everyone else. sorry to be so straightforward but i really am sick of mesa and anyone affiliated with them.
And we're sick of people like you.
Reply
Old 11-28-2008 | 10:29 PM
  #27  
ToiletDuck's Avatar
Che Guevara
 
Joined: Aug 2005
Posts: 6,408
Likes: 0
Default

Originally Posted by The Duke
3.) Probably the biggest hurdle is yet to be resolved: A supposed non-deferrable $100,000,000 bond payment to Bombardier due sometime in January/February. Don't know what can be done about that. It's my understanding that we don't have nearly that much cash on hand.
Mesa has $60mil of cash and cash equiv. Net tangible assets is roughly $140.5mil as of June 2008.

MESA: Balance Sheet for Mesa Air Group, Inc. - Yahoo! Finance
Reply
Old 11-28-2008 | 10:41 PM
  #28  
Gets Weekends Off
 
Joined: Oct 2008
Posts: 1,530
Likes: 0
Default

Mesa was valued at exactly 0 dollars by a leading analysis group that have 90% success rate in predicting the demise of companies. Just a month ago JO said himself they have no cash and are going to try to be creative for the money due in Jan. Cactusone might be on to something......
Reply
Old 11-29-2008 | 04:06 AM
  #29  
bradeku1008's Avatar
Gets Weekends Off
 
Joined: Sep 2007
Posts: 658
Likes: 0
From: CRJ 200/700/900 CA & Instructor
Default

Originally Posted by ToiletDuck
Mesa has $60mil of cash and cash equiv. Net tangible assets is roughly $140.5mil as of June 2008.

MESA: Balance Sheet for Mesa Air Group, Inc. - Yahoo! Finance
This is correct. I dont see how things can continue for Mesa after the 1st and 2nd Q of next year. I would be amazed not to see them filing for BK buy March or maybe even February, and out of business by June.
Reply
Old 11-29-2008 | 04:38 AM
  #30  
rickkane's Avatar
Line Holder
 
Joined: Oct 2008
Posts: 51
Likes: 0
From: md-8
Default

Originally Posted by TurboFan
And we're sick of people like you.

how about i fly you out to hawaii and you can tell all the locals that face to face....hmmmm. how about i fly you up to milwaulkee and you can tell the folks there that too... naaah! how about cincinnati and you can tell the pilot group there that? ITS NOT JUST ME.

question: HOW MANY PILOTS LIVES ARE SELFISH MESA PILOTS GOING TO RUIN IN 2009?
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
On Autopilot
Regional
22617
11-05-2021 07:03 AM
Splanky
Regional
4
11-07-2008 11:47 AM
AirTrucker
Cargo
2
11-06-2008 05:37 AM
hdale
Regional
25
10-05-2008 06:50 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices