MAG restructures its bonds
01-23-2009 | 11:15 AM
#1
Thread Starter
Banned
Joined: Nov 2008
Posts: 1,006
Likes: 0
From: doggy style
MAG restructures its bonds
Mesa Air Group Announces Restructuring of Certain of its Senior Convertible Notes due 2023 and 2024
Mesa is definitely getting its ducks in a row... stock is up on the news...
Mesa is definitely getting its ducks in a row... stock is up on the news...
01-23-2009 | 11:22 AM
#2
Che Guevara
Joined: Aug 2005
Posts: 6,408
Likes: 0
I have to admit that yes the stock is up. But .03 doesn't mean much when it's still sitting at 18 cents a share which is still down from 28 cents a week a two ago. At 28 cents it was a joke.
With an average of 5 departures per aircraft that seems a little low.
Mesa currently operates 159 aircraft with over 800 daily system departures
Last edited by ToiletDuck; 01-23-2009 at 11:29 AM.
01-23-2009 | 11:28 AM
#3
Line Holder
Joined: Oct 2008
Posts: 37
Likes: 0
From: Sidelines
Mesa Air Group Announces Restructuring of Certain of its Senior Convertible Notes due 2023 and 2024
Mesa is definitely getting its ducks in a row... stock is up on the news...
Mesa is definitely getting its ducks in a row... stock is up on the news...
01-23-2009 | 11:46 AM
#5
Gets Weekends Off
Joined: Nov 2005
Posts: 2,696
Likes: 41
The thing that is amazing is the fact that Mesa execs. lost laptops with all the critical information on it. How convenient? Just like deleting porn and accidentally deleting everything related to Aloha. How are these guys not in jail?
01-23-2009 | 11:48 AM
#6
Thread Starter
Banned
Joined: Nov 2008
Posts: 1,006
Likes: 0
From: doggy style
Yes, I have seen the numbers myself and believe fully that Mesa is in the right. Not to mention there is emails I am hearing of which tell the story that Delta asked to have the flights canceled. We'll see... the fact an injunction was issued says DL is pulling something fishy....
01-23-2009 | 11:48 AM
#7
Gets Weekends Off
Joined: Nov 2008
Posts: 120
Likes: 0
From: I AM NOT A KAPTAIN, i keep the right seat, nice and toasty
Well if Sandy Burger can march out of the National Archives with documents in his pants, and make them disapear then obviously J.O. & Company can do the same with some little airline.
01-23-2009 | 11:50 AM
#8
Che Guevara
Joined: Aug 2005
Posts: 6,408
Likes: 0
That's on their end. DAL will bring their own case like performance requirements etc. Those numbers don't rely on mesa. Also note that not all the notes were restructured. It's like russian roulette. If one person decides to call in the puts the company will go BK and the others holding their bonds will be screwed.
01-23-2009 | 01:05 PM
#9
Moderator
Joined: Oct 2006
Posts: 13,088
Likes: 0
From: B757/767
Yes, I have seen the numbers myself and believe fully that Mesa is in the right. Not to mention there is emails I am hearing of which tell the story that Delta asked to have the flights canceled. We'll see... the fact an injunction was issued says DL is pulling something fishy....
Maybe DL conviently "LOST" their computers with the said emails.
JO and his gang are crooks. Only good can come from them getting kicked out of the airline business.
01-23-2009 | 01:25 PM
#10
Banned
Joined: Feb 2006
Posts: 781
Likes: 0
Yes, I have seen the numbers myself and believe fully that Mesa is in the right. Not to mention there is emails I am hearing of which tell the story that Delta asked to have the flights canceled. We'll see... the fact an injunction was issued says DL is pulling something fishy....
Yea right. The ruling on the injunction was not because Mesa is right, they needed time to prepare the case, which I think is fare especially when it would BK the company. It's going to take more than time excuses this time. A kid from high school with a grand father who practices law can probably try Mesas's case and win. Look at the whole company operation, not just delta. Airways/UA is trying to get rid of every bit of Mesa that it can. There are more airlines than I can count that fly for DCI, how are they keeping it together with even more airplanes? Every other issue that Mesa has had was not going to be a problem because they had outs, Delta could sink the ship and buy their way out of the contract. Either way, Mesa's best case scenario is to have to find home for the ERJs if they want to survive past spring.
