ASA / Skywest / ExpressJet

[Metro752]

I heard they are all standing by to cover for Mesa on February 12/13 when Mesa runs out of cash to operate...

 

[PropPiedmont]

Didn't they already run out of cash?

 

[ePilot22]

I heard they are all standing by to cover for Mesa on February 12/13 when Mesa runs out of cash to operate...

your stoopid. mesa geting 450 cjr 9000! their gona bye skiewes an take al there basses. Jus aask rene, sniper or taco butte rocket. mesa wil b tha permier rejional aire carryer.




eP.

 

[WayBack]

Run out of cash? He won't have to come up with much cash when the pilots agree to fly for free, because they're just happy to have a job....not to mention they get to fly a jet!

 

[crj567]

your stoopid. mesa geting 450 cjr 9000! their gona bye skiewes an take al there basses. Jus aask rene, sniper or taco butte rocket. mesa wil b tha permier rejional aire carryer.




eP.

Yep-
You should see their record!

-Just ask Pdub!!

 

[overseas boy]

Mesa still sucks

 

[JumpersAway]

Mesa still sucks

..............Catchy epitaph!

 

[BigLebowski]

I think everybody is standing by/ready to give UAL money to fly.

 

[nerjdriver]

I heard they are all standing by to cover for Mesa on February 12/13 when Mesa runs out of cash to operate...

I have heard similar rumors.

 

[CX880]

I think everybody is standing by/ready to give UAL money to fly.

Roger that. That's surely going to be the trend.

 

[NotTooBad]

Wouldn't it make sense to earn more money on your money while securing more money for yourself? Sounds to me like aviation businessmen doing an exceptional job. Should we continue to criticize them for making decisions that benefit us all (mainline and regional)?

1: United obviously needed money given they accepted the terms. The could clearly justify the expense. Some will say its a desperate attempt to exist, however the amount SKYW gave them is relatively insignificant to the losses they incurred last year.

2: Skywest obviously wanted new flying or they wouldn't have bid for it in the first place. Why shouldn't they make more money while obtaining their original goal?

Please remember they run a business. Fact is SKYW management does a hell of a job too. Not perfect - but damn sure better than most.

 

[SSDD]

Skywest got more than just new flying for that loan. They also got some concessions from UA dealing with the whole Express operation.

 

[10nCLR]

The term loan bears interest at a rate of 11%, with a ten-year amortization period. The term loan is secured by certain ground equipment and airport slot rights held by United. SkyWest Airlines also agreed to defer certain amounts otherwise payable to SkyWest Airlines under the existing United Express Agreement. The maximum deferral amount is $49 million and any amounts so deferred accrue a deferral fee of 8%, payable weekly. United’s right to defer such payments is scheduled to terminate in ten years.

 

[wms]

I don't think it's any secret that every airline is ready to pounce on any opportunity created by the demise of their competition.

 

[rene]

The term loan bears interest at a rate of 11%, with a ten-year amortization period. The term loan is secured by certain ground equipment and airport slot rights held by United. SkyWest Airlines also agreed to defer certain amounts otherwise payable to SkyWest Airlines under the existing United Express Agreement. The maximum deferral amount is $49 million and any amounts so deferred accrue a deferral fee of 8%, payable weekly. United’s right to defer such payments is scheduled to terminate in ten years.

Which makes them just another very large unsecured creditor when UAL files for BK-CH-11 again sometime during the next 10 years. Which many believe is an almost certain event.

I guess history will determine what airline made the best strategic choices?