Originally Posted by ToiletDuck (Post 533822)

Let me spell it out like this.

Bond Holders:"Hey guys we sure appreciate the money for the bonds that are coming due".

JO:"OH... yea... errr........... lets see I need to find a way to NOT pay you that money because... well... we don't have any. I know how about I avoid declaring BK right now by simply giving you a big bag of air and calling it stock repayment since it was agreed on in the past. That way my debts to you legally taken care of yet by the time you get to cash those shares out, if ever, they'll be worth nothing anyway! YAY I've avoided less people in line at the BK courts and can keep flying current contracts right now because if I had declared BK papa DAL would cut me off at the knees. Just a little more time to get golden parachute all lined up and papers burned so I don't go to prison!!" "Hey you there's porn on all the computers upstairs go start erasing everything!".

Originally Posted by paxhauler85 (Post 534416)

Example: One of JO's companies owns the hotel we use in PHX to put up F/A's and pilots during training.

He pays himself, from himself. There are many other such examples.

Originally Posted by rickair7777 (Post 534651)

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:

Originally Posted by arizonastpilot (Post 532984)

Well one more hurdle down for Mesa, one to go. Im keeping my fingers crossed and hope that I get called back sometime in 2009, im #61/64 furloughs. I know many people have moved on and gone elsewhere so we will have to see how many return.... Good Luck to everyone in this screwed up industry

Originally Posted by mking84 (Post 534787)

Im crossing my fingers for something else.

Originally Posted by arizonastpilot (Post 534815)

What exactly are you hoping for? Another 1500 pilots on the street...

Originally Posted by duvie (Post 534832)

If there is a need for your flying it will be picked up by another pilot group IE hiring or at least less furloughs somewhere else. Many of us have a vested interest in this outcome so I doubt you'll find an objective statement about the health of MAG on these forums.

Originally Posted by DIEGO (Post 534985)

Sorry to interrupt the Mesa Bashing, But I’m just curious to see if those recalls went out to the 20 or so furloughs at Mesa. Has anyone heard if those guys got called back? I heard a rumor that AA sent out a handful of recalls this month (mostly old TWA guys) and another rumor that Frontier is calling back a few. This might just be a slight glimmer of hope in the industry. If these recalls are in fact going on, I doubt it’s attributed to economics…Just normal pilot attrition over the last few months.

Okay, so back to bashing Mesa. My mom is prettier than yours.

Originally Posted by CRJPlt (Post 535083)

There are 64 people on furlough from Mesa and they have not recalled a single person. I'm the 14th to be called and haven't heard anything...

Originally Posted by logic1 (Post 534905)

I agree. I hope every airline other than MESA goes out of business.