MAG restructures its bonds
01-23-2009 | 03:54 PM
#21
Banned
Joined: Feb 2006
Posts: 781
Likes: 0
That's exactly what you can do. An injunction is not a court ruling. Mesa basically said "We have a contract. DAL can't just cancel on us." Mesa was right in that aspect. So the judge said "okie dokie go out and get documentation proving that and come back and see me in Feb."
That's all. There has yet to be any determination of who is right or wrong. All they did was have a "pre-hearing" to see if it was even worth going to court over. Mesa will crumble one way or another. A company that can't even pay it's notes doesn't stand a chance against the biggest airline in the world.
That's all. There has yet to be any determination of who is right or wrong. All they did was have a "pre-hearing" to see if it was even worth going to court over. Mesa will crumble one way or another. A company that can't even pay it's notes doesn't stand a chance against the biggest airline in the world.
01-23-2009 | 04:06 PM
#22
Banned
Joined: May 2007
Posts: 152
Likes: 0
"Cheap operation, cheap work force, you get what you pay for".
Lets' say, ALOHA to MESA
Lets' say, ALOHA to MESA
01-23-2009 | 04:12 PM
#23
Gets Weekends Off
Joined: Apr 2007
Posts: 876
Likes: 0
From: NOYDB
From what I have seen of both mag and SKW, MAG could never hope to operate at a performance level approaching SKW's. They mistreat their employees, who then fail to put forth much effort at crunch time...gee I wonder why.
I suspect that DAL has all the evidence they need...when I worked at MAG my observations led me to believe that operational performance numbers were generated by falsifying OOOI times. It would not take much effort to document that if DAL cared to do so.
The injunction was granted because MAG would liquidate without the DAL flying, not because there was any merit to the case. MAG will need to show some merit at this injunction hearing.
On the bright side, MAG stock is up 23%! Unfortunately that is only $0.03
I suspect that DAL has all the evidence they need...when I worked at MAG my observations led me to believe that operational performance numbers were generated by falsifying OOOI times. It would not take much effort to document that if DAL cared to do so.
The injunction was granted because MAG would liquidate without the DAL flying, not because there was any merit to the case. MAG will need to show some merit at this injunction hearing.
On the bright side, MAG stock is up 23%! Unfortunately that is only $0.03
Using JFK as an excuse is absurd considering that a considerable amount of Freedoms ERJ ops were out of MCO during the time period in question.
01-23-2009 | 04:56 PM
#24
Thread Starter
Banned
Joined: Nov 2008
Posts: 1,006
Likes: 0
From: doggy style
Think about it!!!
What if,
just what if somebody wants their money??
what can happen then?
I wonder.................
Business Briefs - Business - Starbulletin.com
What if,
just what if somebody wants their money??
what can happen then?
I wonder.................
Business Briefs - Business - Starbulletin.com
I just want to make note that when Mesa comes closer to succeeding, the bashing becomes greater and all logic ceases.
01-23-2009 | 05:07 PM
#25
Gets Weekends Off
Joined: Dec 2007
Posts: 1,454
Likes: 0
From: A320 FO
To the Freedumb pilots that walk around at JFK with your sleeves rolled up half way your arms, your wrinkled shirt untucked, and your tie pulled down, please take a look in the mirror. You are a disgrace to the uniform, the profession and your company.
01-23-2009 | 05:15 PM
#26
Gets Weekends Off
Joined: Jun 2008
Posts: 309
Likes: 0
From: Professional Monkey Trainer
MESA will fail...... Hold me to that.
The more J.O. pulls his little shenanigans, the more I want it to fail.
Let me point out that your fearless bond manipulating leader is a convicted felon. You really want to carry his flag, and go preaching to the world how wonderful MESA airlines is..... not I.
The more J.O. pulls his little shenanigans, the more I want it to fail.
Let me point out that your fearless bond manipulating leader is a convicted felon. You really want to carry his flag, and go preaching to the world how wonderful MESA airlines is..... not I.
01-23-2009 | 05:20 PM
#27
Gets Weekends Off
Joined: Jun 2008
Posts: 309
Likes: 0
From: Professional Monkey Trainer
"Lies all Lies"
01-23-2009 | 05:23 PM
#28
Gets Weekends Off
Joined: Dec 2007
Posts: 171
Likes: 0
From: RJ FO
I have personaly witnessed MAG lieing about these in CLT. They do it all the time. However this is on the USA side, but I figure if they would do it to Airways they would do it to Delta.
01-23-2009 | 05:24 PM
#29
Gets Weekends Off
Joined: Oct 2008
Posts: 1,530
Likes: 0
DENpilot, I know that you hate people telling you that your employer will fail because you are on the other end of that statement. However, mesa is stuck between a rock and a hard place. They can't file BK because they'll lose their flying and yet they still have to fight until the very end which will ultimately mean liquidation because they keep losing 20-30 million every quarter. I feel sorry for the pilots and I would be alarmed that JO seems like he's taking this very lightly and that it's business as usual at MESA. I know it's a public company but still.
Last edited by Purpleanga; 01-23-2009 at 05:31 PM.
01-23-2009 | 05:29 PM
#30
Thread Starter
Banned
Joined: Nov 2008
Posts: 1,006
Likes: 0
From: doggy style
For the last time, the bond early-repurchase terms allow payment in stock. It's not manipulating if it's legal and in the terms! If these people don't want stock as payment, then they should not exercise their early repurchase rights....
