1. Mesa declares bankruptcy (done).
2. Gets rid of all erjs, -200s, dash-8s.
3. Left with 53 aircraft: All -700s and -900s (~13 with ua, balance with us), all in place with financing and utilization.
4. Furloughs down to ~500 pilots, kills freedom, cuts off f8 management.
5. Lowers costs another ~20% with re-negotiated leases, less overhead, etc.
6. Collects about half or more of the $70m it is suing dl for (freedom) in bk court (delta settles to end pain in ass relationship).
7. Exits bankruptcy with over $100m in cash (new stock issuance + current cash + good cash flow).
8. Makes parker a deal for contract extension of current -900 flying at lower cost (mesa most competitive regional now after bk), which...
9. Involves a takeover of psa, thus injecting ca$h into us, takes pain in ass airline and express division out of us' hands (again lowering us' costs while accepting a "partner's" "investment").
10. Mesa "regional airline of the year" 2011.