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Ahoha Say it isn't so...

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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.
 
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?
 
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.
 
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.
 
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.
 

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