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Uh Oh. Mesa just cancelled the note agrmnt

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Old 02-09-2009 | 04:29 PM
  #31  
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Originally Posted by Utah
It's probabaly a big deal if you're one of the 1300. Delta doesn't want to shift regional flying around, they want to do away with it. Additionally, if SkyWest were to take over the United Express stuff were already staffed for it and wouldn't need to hire.
Thankfully, someone understands this. The big issue is not that Mesa will go under based on poor management. The big issue is the fact that 1,300 of OUR BROTHERS AND SISTERS may be out on the street. The big issue is the fact that 1,300 of OUR BROTHERS AND SISTERS - lose seniority. 1,300 of OUR BROTHERS AND SISTERS will be back on reserve, working weekends, holidays, etc.
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Old 02-09-2009 | 04:40 PM
  #32  
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I can think of a few that lost Seniority at Aloha. I know it's a bad position and don't wish it on people but you can't expect me to have heart felt sympathy for companies like SkyBus, Mesa/Freedom/Go!, GoJets, etc. These aren't personal attacks against the pilots or FAs but agaisnt the managements that run them. In Mesa's case they (management) have such a stronghold that the only way to get them out of the industry is to watch the company fail all together.
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Old 02-09-2009 | 04:40 PM
  #33  
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Originally Posted by EEmbraer
Thankfully, someone understands this. The big issue is not that Mesa will go under based on poor management. The big issue is the fact that 1,300 of OUR BROTHERS AND SISTERS may be out on the street. The big issue is the fact that 1,300 of OUR BROTHERS AND SISTERS - lose seniority. 1,300 of OUR BROTHERS AND SISTERS will be back on reserve, working weekends, holidays, etc.
First off, I completely understand where you're coming from EEmbraer. However, I can't feel too sorry for them. 2/3 of the pilot group got in knowing exactly what a scummy operation it was and undercut the rest of us for a quick upgrade. The other 1/3, the old timers from pre JO days, had plenty of opportunity to get out into another decent job at a major, charter, or just about anything else and probably still have it better off than they have it now. Sure there may be a handfull that truly will get screwed in this deal but the vast majority really have no reason for us to pity them.

For everyone complaining about our plight at the moment please come to realize that the ENTIRE country is feeling it just as bad if not worse than us right now. Wages have stayed stagnant just like us for the majority of workers and yet inflation crept in for over 2 decades at the same time. Compared to, say, the auto industry we should thank our lucky stars we only have the furloughs that we have now.
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Old 02-09-2009 | 04:51 PM
  #34  
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I agree, MAG pilots knew what they were getting themselves into but also realize that we work for a company for different reasons. Some want to skip the CFI ordeal, spend $20K in Farmington, NM and sit in the right seat of a shiny jet at 300 hours. Others work at a crap company because they are based in their hometown and want to see their family as much as possible. Sometimes that is more cost/time effective than commuting and having a crash pad.

Why would a struggling company try to cancel an agreement that was in their interest to defer the payment? Even if they were going to file Ch. 11/7, it doesn't make sense.
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Old 02-09-2009 | 04:53 PM
  #35  
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Originally Posted by kersplatt
I agree, MAG pilots knew what they were getting themselves into but also realize that we work for a company for different reasons. Some want to skip the CFI ordeal, spend $20K in Farmington, NM and sit in the right seat of a shiny jet at 300 hours. Others work at a crap company because they are based in their hometown and want to see their family as much as possible. Sometimes that is more cost/time effective than commuting and having a crash pad.

Why would a struggling company try to cancel an agreement that was in their interest to defer the payment? Even if they were going to file Ch. 11/7, it doesn't make sense.

Legality issues
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Old 02-09-2009 | 05:32 PM
  #36  
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Originally Posted by kersplatt
I agree, MAG pilots knew what they were getting themselves into but also realize that we work for a company for different reasons. Some want to skip the CFI ordeal, spend $20K in Farmington, NM and sit in the right seat of a shiny jet at 300 hours. Others work at a crap company because they are based in their hometown and want to see their family as much as possible.

This is all true but in any case they have to realize they run an abnormally high risk of the company failing from unscrupulous management. Now if this happened where say, SKW just up'ed and folded because the CEO stole millions, that would be worth pitying the employees. But MESA's failings could be seen from space for over a decade.
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Old 02-09-2009 | 06:21 PM
  #37  
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Mesa will NEVER go down. I'm sure no one will admit it but a lot of people will be celebrating the day they go under, if that EVER happens.
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Old 02-09-2009 | 06:39 PM
  #38  
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Pretty bold statement! NEVER? Are you sure? Willing to put all your money in the penny stock? You might become a millionaire if you are correct. Not many are as confident as you and that is why the stock is trading for 9/10 cents right now.

No one is immune in this economy.
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Old 02-09-2009 | 06:58 PM
  #39  
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Something's up? Hmmmmm? JO has somethig up his sleeve. He knows something is coming that would be detrimental to the deal or will be something a whole lot better for his pockets than the current deal.
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Old 02-09-2009 | 07:18 PM
  #40  
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Originally Posted by ToiletDuck
I can think of a few that lost Seniority at Aloha. I know it's a bad position and don't wish it on people but you can't expect me to have heart felt sympathy for companies like SkyBus, Mesa/Freedom/Go!, GoJets, etc. These aren't personal attacks against the pilots or FAs but agaisnt the managements that run them. In Mesa's case they (management) have such a stronghold that the only way to get them out of the industry is to watch the company fail all together.

Duck I know a few Midwest Pilots who feel the same about RAH the same way you feel about the Aloa Go deal Yea I know different story but Many Midwest Pilots feel that RAH is becoming the Next Mesa.

Dont be so quick to point fingers.. I have said it about 4 times already Mesa winning the Delta issue is in the intrest of all Regionals if you guys cant see that oh well.

Fly safe yall
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