Ahoha Say it isn't so...

[Skybus]

http://www.businessweek.com/ap/financialnews/D94OA1TO0.htm

 

[AA717driver]

Scumbags!

 

[Rez O. Lewshun]

Disgusting.....

 

[Scope out RJ's]

Mesa has agreed to pay Yucaipa $2 million, issue Yucaipa 10 percent of Mesa's common stock and provide certain Hawaiian interisland travel benefits to former Aloha employees.

At .20/share they should ask for more cash up front from that POS Johnny O! That stock is worthless and will probably soon be delisted.

 

[hockeypilot44]

Wasn't the lawsuit for $80 million or was that Hawaiian's?

 

[crj567]

The JUDGEMENT is for $80 million for Hawiian, plus $2 million and all that stock for Aloha.

There must be more to this story. Perhaps some huge investor is coming and dumping a bunch of money in these idiots' laps..... I don't see how Mesa could possibly pay these bills without a major miracle..

 

[igneousy2]

http://www.khon2.com/home/ticker/35515134.html

This story has a better explanation of what's going on.

 

[Raoul Duke]

It does not change anything, the court wants to distance itself from the sale and simply postponed it. Notice that no one objected to the sale and no one can out bid Yucaipa. they have 113 M to bid in a credit bid. The sale of Aloha to Yucaipa is just as much a done deal as the license to Mesa. This just gives Mesa time to paint it aircraft

 

[JoeMerchant]

Disgusting.....

Yes it is.......as is the fact that Aloha pilots can't transport their longevity and experience to other ALPA carriers...EQUALLY DISGUSTING!

We are our own worst enemy.....

 

[crj567]

Yes it is.......as is the fact that Aloha pilots can't transport their longevity and experience to other ALPA carriers...EQUALLY DISGUSTING!

We are our own worst enemy.....

So is the fact that the clouds are not made of cotton candy.......

-Deep Thoughts....

 

[Going2Baja]

Yes it is.......as is the fact that Aloha pilots can't transport their longevity and experience to other ALPA carriers...EQUALLY DISGUSTING!

We are our own worst enemy.....

Almost as disgusting as you stealing the name of a Great Book and writing such trash on here. Very sad!

Baja.

 

[Aerosurfer]

Almost as disgusting as you stealing the name of a Great Book and writing such trash on here. Very sad!

Baja.

Happy 1000th post

 

[~~~^~~~]

Holly Hegemon's blog had the question everyone should be asking:

Essentially, in return for the use of the "Aloha Airlines" name, Mesa has agreed to pay Yucaipa 1% of the passenger ticket revenue generated from all Hawaiian inter-island revenue AND it will also pay Yucaipa 30% of the pre-tax operating profits from the operations. If Mesa stops flying in Hawaii, then Yucaipa gets a $5 million promissory note payable in five years at a rather hefty interest rate.

Amazing. Just simply amazing.

Wonder what Yucaipa gets if Mesa declares bankruptcy?

 

[Going2Baja]

Happy 1000th post

Thanks Surfer - Who would have thought???

Baja.

 

[Andy Neill]

Holly Hegemon's blog had the question everyone should be asking:
Wonder what Yucaipa gets if Mesa declares bankruptcy?

How about a lien for $6.25 million against Mesa assets since the $5 million note is to be secured with a lien on 125% of the balance.

 

[Raoul Duke]

Read the 8-K it answers all of these questions.

 

[~~~^~~~]

How about a lien for $6.25 million against Mesa assets since the $5 million note is to be secured with a lien on 125% of the balance.

Yes, but a lien against Mesa assets? Unless they can renegotiate their payments due int he First Quarter they're gone.

 

[Andy Neill]

Yes, but a lien against Mesa assets? Unless they can renegotiate their payments due int he First Quarter they're gone.

According to the latest quarterly numbers, MESA has in the neighborhood of $55-60 million in Assets. A lienholder would be standing toward the front of the line in a bankruptcy settlement.