Bankruptcy for MESA AIR is near.

[OB-CPO]

Mesa's 350 MIL is already down to $245 MIL since they started go!

Hawaiian is set to win a pivotal lawsuit in Hawaii which could send Mesa into Bankruptcy. Aloha has an even stronger case which goes to trial in April and could, effectively, give Mesa, "The final push".

In Todays Hawaii Advertiser

[FONT=Times New Roman, Times, serif][SIZE=-1]If Hawaiian wins the suit, Mesa could be forced to cough up tens of millions of dollars in damages, making it difficult for the company to continue offering cut-rate ticket prices.


[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] Scott Hamilton, a Washington state-based aviation industry consultant, believes Hawaiian's lawsuit could drive go! out of the local market. He noted that Mesa is financially vulnerable these days as its balances have dwindled by about $100 million to $245 million since the start-up of go!
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"When you consider the declining cash balance of Mesa since they started go!, I could see a scenario where the damages could equal their cash flow," said Hamilton. "In the worst case scenario ... it could drive them into bankruptcy."
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Hawaiian has not publicly stated the amount of damages that it has suffered as a result of the alleged misuse of confidential data. But the company has retained a Mainland airline industry consultant Samuel Engel of New York-based Simat, Helliesen & Eichner Inc., who has calculated the amount of losses Hawaiian said its suffered as a result of the alleged misuse of corporate data.
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Hamilton believes that Mesa faces considerable obstacles given Faris' previous findings against the airline.
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'TROUBLING' TESTIMONY
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] In an Oct. 26, 2006, ruling, Faris rejected Hawaiian's call for a one-year ban against Mesa for operating interisland flights but not before saying that Mesa "probably breached the confidentiality agreement by failing timely to return or destroy the evaluation material."
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Faris singled out Murnane for a "cavalier" treatment of the confidential data and called Murnane's testimony "self-contradictory and "troubling" and said that Murnane made false statements under oath.
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The judge cited a May 2005 e-mail in which Murnane discussed giving then-bankrupt Aloha Airlines "a last push" to drive it out of business.
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"I think this is a real black cloud for Mesa as the trial moves forward," Hamilton said.
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[SSDD]

You think Mesa is bad now? Just imagine JO operating under bankruptcy protection!!!!!!!!!!!!

 

[regionaltard]

You think Mesa is bad now? Just imagine JO operating under bankruptcy protection!!!!!!!!!!!!

.....in China.

 

[T-prop]

Burn baby burn!!

 

[relief tube]

You think Mesa is bad now? Just imagine JO operating under bankruptcy protection!!!!!!!!!!!!

oooh....8 days off down to six days off, instead of block or better- all over-block is deducted from block, and the windbreaker price gets doubled.

 

[flyer172r]

two words: minimum wage

 

[say again]

two words: minimum wage

They're getting raises??? :beer:

 

[A-V-8]

oooh....8 days off down to six days off, instead of block or better- all over-block is deducted from block, and the windbreaker price gets doubled.

We are not allowed to wear those anymore. I would wear one every day just to f with this company.

 

[Dan Roman]

Intersting that Mesa used to do alright competing to be an express carrier, but as soon as they tried something else, they fell apart. Losing $100 million since starting Go and it appears they are going to lose a lot more. Seems to me China could blow up in their face even more. If JO is half as ignorant about doing business in China as he was about doing business in Hawaii they could lose a lot more than 100 million over there.

 

[5ontheglide]

Great news for JO. He will finally be able to ratify those pilot contracts that have been costing him so much money! (SARCASTIC - for the two who will not get it) Maybe he will finally realize that there is a low enough pay to keep applications from coming in. Hmmm, I wonder....

 

[Z_Pilot]

.



Mesa is in rapid descent.

Look for criminal indictment of the CFO tomorrow. Mesa management is throwing him to the wolves over the Hawaiian / Aloha lawsuits. (JO trying to save himself). Look for the CFO to throw Mesa Management under the bus.

Also, it looks like we're having a minimum of 200 pilots time out by late November...more realistic number is 400...yes, that's 25% of the pilot group.

The stock is getting into the $4 to $5 range. Investors are getting nervous.


Yes everybody, this is the beginning of the end!


(Thank god)....(and yes, I work here)

 

[T-prop]

Doork,

...and you like Mesa...which is MUCH worse than liking d!ck in any or all of your orifices.

 

[Mike man]

Your a fag

Nice...very nice...and not because you called him/her a name.

 

[topdawg]

When does the verdict come out about how much Mesa is going to pay.

 

[homerjdispatch]

two more words....

MESA SUCKS!!!

 

[pdub20s]

I know you guys have been waiting on me to say something about this....here it is... "hard head makes a soft ass.." "reap what you sow"

 

[eaglefly]

We watched O.J. get off. Manson dodged the gas chamber. Osama Bin Laden is still on the loose, but maybe fate can still get Ornstein.

In fact, watching the Mesa slavery empire collapse in disgrace would make up for all the above losses.

Here's to seeing Johnny O. on the street corner (or a jail cell) with a cup in his hand.

 

[Pilot124]

When does the verdict come out about how much Mesa is going to pay.

Hopefully soon so we can all celebrate........:smash:

 

[dispatchguy]

Here's to seeing Johnny O. on the street corner (or a jail cell) with a cup in his hand.

Can you imagine JO in Sheriff Arpaio's Pink jumper tent jail?

Ohhhh, yeah

 

[Tarzan]

I know you guys have been waiting on me to say something about this....here it is... "hard head makes a soft ass.." "reap what you sow"

I have been waiting. Thank goodness you chimed in.