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-   -   MAG restructures its bonds (https://www.airlinepilotforums.com/regional/36053-mag-restructures-its-bonds.html)

flycrj200 01-23-2009 06:03 PM

I got this from a reliable source:
Delta and Mesa will never make it to court. The will settle out of court. Mesa has agreed to do the flying for Delta for half price or buy one get one free. Mesa can afford to do this because all the Freedumb pilots and flight attendants agreed to work for food. It’s a win win situation for all. Mesa stays in business, Delta gets the flying cheap and gets to furlough Comair, Mesaba, and Compass pilots, and Mesa pilots get to keep their jobs and build time. If this works out, then Mesa will implement this plan system wide and be more competitive than any other airline. Delta will give more flying to Mesa and take it away from all the other DCI carriers. ASA will continue to furlough pilots and all the other carries will start furloughing. You will have no choice but to work for JO because he will be the only game in town. But you better not have any expenses but food, because that’s all you will get paid.

Purpleanga 01-23-2009 06:05 PM


Originally Posted by flycrj200 (Post 543853)
I got this from a reliable source:
Delta and Mesa will never make it to court. The will settle out of court. Mesa has agreed to do the flying for Delta for half price or buy one get one free. Mesa can afford to do this because all the Freedumb pilots and flight attendants agreed to work for food. It’s a win win situation for all. Mesa stays in business, Delta gets the flying cheap and gets to furlough Comair, Mesaba, and Compass pilots, and Mesa pilots get to keep their jobs and build time. If this works out, then Mesa will implement this plan system wide and be more competitive than any other airline. Delta will give more flying to Mesa and take it away from all the other DCI carriers. ASA will continue to furlough pilots and all the other carries will start furloughing. You will have no choice but to work for JO because he will be the only game in town. But you better not have any expenses but food, because that’s all you will get paid.


It could happen, it is JO. I think it's fair to say that Delta is done with Mesa, probably for forever.

Atwoo155 01-23-2009 06:38 PM


Originally Posted by RU4692 (Post 543834)
I predict that if MAG gets to keep the Freedom flying for DAL they will hire this guy.

I don't think that guy is a flight attendant. In fact I am pretty sure he is a furloughed FO from PSA. He looks exactly like a guy from my new hire class and it is something he would do too.

Purpleanga 01-23-2009 07:14 PM


Originally Posted by Atwoo155 (Post 543876)
I don't think that guy is a flight attendant. In fact I am pretty sure he is a furloughed FO from PSA. He looks exactly like a guy from my new hire class and it is something he would do too.

No he is a flight attendant, notice the all black epaulets. Likes flight sim. There has been a thread about him on these forums. One guy said that he's rumored to have started the APU once when the crew wasn't there.

DeltaPaySoon 01-23-2009 07:15 PM


Originally Posted by DENpilot (Post 543828)
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....

It's not a case of the bond holders not wanting to convert the bonds to stocks, it's the only feesable chance to get any return on a bad investment. Pennies are still better than nothing and that is what a bond would be worth when the bancruptcy happens.

I tell you if I were a bond holder, I would tell JO that I would hold him personably responsible when the stocks are worthless. The point I would make to him is that I could hold his feet to the coals on the bond repayment and tell him sorry but I want my money and interest now but if he coverts me to stock on nothing but wishful thinking and a slick presentation, we are coming after him personally for selling snake oil.

Convertable corporate bonds are great but not when your only chance of retrieving your investment is a long, long shot.

Atwoo155 01-23-2009 09:10 PM


Originally Posted by Purpleanga (Post 543901)
No he is a flight attendant, notice the all black epaulets. Likes flight sim. There has been a thread about him on these forums. One guy said that he's rumored to have started the APU once when the crew wasn't there.

Our epaulets are black with thin silver lines, and the picture looks blurred to me right there. Plus he REALLY looks like a FO here. But if you know he is a FA then whatever it is no skin off my back.

ToiletDuck 01-23-2009 11:02 PM


Originally Posted by Atwoo155 (Post 543876)
I don't think that guy is a flight attendant. In fact I am pretty sure he is a furloughed FO from PSA. He looks exactly like a guy from my new hire class and it is something he would do too.

He's a FA and works for RAH. PHL based. He's wearing a RAH lanyard around his neck as well. Several here know him. What can I say we only hire the best FAs.

Atwoo155 01-24-2009 07:14 AM


Originally Posted by ToiletDuck (Post 543999)
He's a FA and works for RAH. PHL based. He's wearing a RAH lanyard around his neck as well. Several here know him. What can I say we only hire the best FAs.

WOW either you guys have a better picture than I am seeing or you have super eyes. All I can see it is a deep blue or black lanyard. On the upside if this guy is a FA for RAH then they can rest assured that if they ever needed he could fly the plane, I mean he is a captain with Atlantic Sun Virtual Airlines.

ToiletDuck 01-24-2009 07:19 AM


Originally Posted by Atwoo155 (Post 544110)
WOW either you guys have a better picture than I am seeing or you have super eyes. All I can see it is a deep blue or black lanyard. On the upside if this guy is a FA for RAH then they can rest assured that if they ever needed he could fly the plane, I mean he is a captain with Atlantic Sun Virtual Airlines.

I guess when you know what you're looking for it's easier to spot. More like the two guys flying with him were laughing about it on the union board. :D

johnso29 01-24-2009 08:10 AM


Originally Posted by flycrj200 (Post 543853)
I got this from a reliable source:
Delta and Mesa will never make it to court. The will settle out of court. Mesa has agreed to do the flying for Delta for half price or buy one get one free. Mesa can afford to do this because all the Freedumb pilots and flight attendants agreed to work for food. It’s a win win situation for all. Mesa stays in business, Delta gets the flying cheap and gets to furlough Comair, Mesaba, and Compass pilots, and Mesa pilots get to keep their jobs and build time. If this works out, then Mesa will implement this plan system wide and be more competitive than any other airline. Delta will give more flying to Mesa and take it away from all the other DCI carriers. ASA will continue to furlough pilots and all the other carries will start furloughing. You will have no choice but to work for JO because he will be the only game in town. But you better not have any expenses but food, because that’s all you will get paid.

Where are all the airplanes for this extra flying going to come from?


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