Mesa Files Bankruptcy...

[Smacktard]

Soon I'm guessing!

 

[Turtlesfly]

tool. thanks for nothing

 

[JonnyKnoxville]

Smacktard:

How about post some real information rather than a misleading thread title.

By the way MESA SUCKS!

 

[Soverytired]

Breaking News!

Flightinfo.com is full of extraordinarily bitter ex-Aloha and ex-Independence Air pilots who spend WAY too much time hoping that 5000 more people have to go through the same misery that they went through.

Oh wait, that's not news either.

 

[Ezralite]

Soon I'm guessing!

What a smacktard.

 

[OK Bud!]

Tool!

 

[Smacktard]

Suckers!

 

[Midnight Flyer]

I've never heard the term "tool" used so much until I joined this message board.

 

[OPECJet]

That's cause you can't call 'em a jackass.

 

[Tarzan]

I've never heard the term "tool" used so much until I joined this message board.

Guess you don't work for a regional. That particular term is tossed about frequently. Generally it used to describe the pilot who wears his glasses backwards will standing behind the CA during the passengers deplaning.(He wants everyone to see him in all his glory) He likely has frosted tips in his hair and a back pack on top of his flight kit.

 

[Midnight Flyer]

Ha ha..yeah, I guess I'm showing my age. A "tool" is something laying on my workbench out in the shop.

 

[Andy Neill]

Here's what I don't understand. Why doesn't some cold-hearted corporate raider with the $14 million to invest short term buy Mesa, and shut the doors? It has a book value of nearly $5 a share (including $112 million in stock equity and $33 million in retained earnings). Even if the stock value were dropped to zero, you would still have a $33 million minus $14 million = $19 million profit.

 

[Tarzan]

Here's what I don't understand. Why doesn't some cold-hearted corporate raider with the $14 million to invest short term buy Mesa, and shut the doors? It has a book value of nearly $5 a share (including $112 million in stock equity and $33 million in retained earnings). Even if the stock value were dropped to zero, you would still have a $33 million minus $14 million = $19 million profit.

I am sure there a couple of regionals looking at it right now.

 

[Soverytired]

Here's what I don't understand. Why doesn't some cold-hearted corporate raider with the $14 million to invest short term buy Mesa, and shut the doors? It has a book value of nearly $5 a share (including $112 million in stock equity and $33 million in retained earnings). Even if the stock value were dropped to zero, you would still have a $33 million minus $14 million = $19 million profit.

Any buyer would be responsible for all the contracts / fee-for-departure lift that Mesa provides. Who wants to buy a bunch of contracts that are losing money?

If Mesa ran it's own network, sold it's own tickets and so forth, then it might make sense to buy it, stop operations, and sell off assets a-la Gordon Gekko.

As it is, no sane buyer would purchase this airline unless they already had an understanding with United, Delta, and USAir about canceling contracts upon purchase.

This argument keeps cropping up and I don't understand why the average pilot doesn't get it. Mesa is NOT an airline, it's a contracted service company that provides "lift".

Am I missing something?

 

[MONKEY]

I think the main obstacle is the Aloha lawsuit. If you purchase Mesa you could be on the hook for a lawsuit that could cost more than a quarter of a BILLION dollars.