JO does it again... (and Mesa recall rumor)

Reply Subscribe

Page 6 of 10

« First

Thread Tools

Search this Thread

01-09-2009 | 10:41 AM

#51

rickair7777

Prime Minister/Moderator

Joined: Jan 2006

Posts: 45,130

Likes: 797

From: Engines Turn or People Swim

Quote:

Originally Posted by paxhauler85

That would be the 50ish airplanes we own (a mix of -200's, -700's and mostly -900's.

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.

01-09-2009 | 11:28 AM

#52

gtechpilot

Gets Weekends Off

Joined: Aug 2008

Posts: 326

Likes: 0

Quote:

Originally Posted by rickair7777

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!

01-09-2009 | 12:26 PM

#53

dvtpilot

Gets Weekends Off

Joined: Feb 2007

Posts: 106

Likes: 0

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.

01-09-2009 | 12:49 PM

#54

waflyboy

Gets Weekends Off

Joined: Oct 2005

Posts: 955

Likes: 0

From: 737 Right

Quote:

Originally Posted by dvtpilot

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.

Last edited by waflyboy; 01-09-2009 at 12:55 PM.

01-09-2009 | 01:36 PM

#55

powrful1

Gets Weekends Off

Joined: Jan 2008

Posts: 261

Likes: 0

From: R U Serious?

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.

01-09-2009 | 02:22 PM

#56

CanyonBlue

Line Holder

Joined: Jun 2008

Posts: 88

Likes: 0

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

01-09-2009 | 02:26 PM

#57

RiddleEagle18

Gets Weekends Off

Joined: Nov 2005

Posts: 2,711

Likes: 52

Quote:

Originally Posted by waflyboy

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.

01-09-2009 | 02:33 PM

#58

flynwmn

Line Holder

Joined: Dec 2007

Posts: 518

Likes: 0

can we have Our DHC8-200's back.

01-09-2009 | 03:23 PM

#59

rickair7777

Prime Minister/Moderator

Joined: Jan 2006

Posts: 45,130

Likes: 797

From: Engines Turn or People Swim

Quote:

Originally Posted by RiddleEagle18

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