Few of those are owned outright IIRC...they have mortgages. They show up as book value, but if the company shuts down and can't make the payments, the repo man comes around. Hmmm...maybe I could get some side work repo-ing OJ's airplanes when the time comes, that might be fun.

It's rather fun to repo jets! Just make sure the FAA knows (ferry permit) or can never find out. They get picky about whether you've seen the log books!

I think they own a ton of ground equipment in PHX and the associated outstations, that could be where a bunch of the asset money is coming from. At least that's what one CA told me.

According to their most recent annual statement, "Flight Equipment" makes up the majority of company assets. I would take this to mean aircraft, which probably means there are liens against those assets.

The problem with delisting since this meltdown in the markets delisting has been frozen for a period....I am not sure how much longer the clock has got left.

Thought they were already delisted from the NASDAQ. The hits just keep on coming with JO.

its all spelled out in their most recent 10k filing. Ill get it than edit real fast.

Here ya go

According to their last 10k they own

2 CRJ200's
8 CRJ700's
14 CRJ900's
34 B1900's(I believe have been sold since the filing)

6 Hangers (2)Columbia SC (1) Witchita (1) GrandJunction (1) Farmington (1) Dubois

1 Training Facilities in Farmington.

can we have Our DHC8-200's back.

Now I get it! MAGs net value consists predominantly of mortgaged airplanes, hangers, and MAPD! Maybe they can sell the MAPD students as slaves...that's what they were going use them for anyway :rolleyes:

It's interesting to look at mesahub dot com to see Mesa pilots chatter, but it pops up as dontflygo.com? WTH?