Mesa Air Group must shrink to survive

[ex j-41]

Basically lawyers and financial counsel to the debtors (MAG) have all posted huge bills and as part of BK procedures are asking the court premisson to be paid.

...before chapter 7 and noone gets anything.

 

[sniper]

As in?

Freedom Airlines

Ask Trans States about Gojet, alter ego low life scum outfit

 

[sniper]

...before chapter 7 and noone gets anything.

Ch 7? wrong. With 70 million cash and out of BK Mesa will be shoping.

 

[ex j-41]

What's shoping mean?

 

[say again]

Freedom Airlines

Ask Trans States about Gojet, alter ego low life scum outfit

Gotcha, well aware of both.

 

[brokedash]

Ch 7? wrong. With 70 million cash and out of BK Mesa will be shoping.

Remember, MAG is going to half to pay the professionals representing there interest, those fees will not be debatable. Mesa will owe at least a couple mil in claims payments for secured claims and though it won't suprise me to see them try to object paying all un-secured claims, they won't get all of them off the books. Oh, they are losing that 20 mil a month from Delta too and though they restructured leases, I'm sure there still paying on most of those returned birds. I expect that hefty 70 mil to drop and not for MAG to come close to that figure for the forseeable future.

 

[ImbracableCrunk]

What's shoping mean?

Duh! It's only the best Czech Rap song ever!

http://www.youtube.com/watch?v=t-tHANYp6zw

 

[atlcrashpad]

mesa sux!

 

[paddlehigh]

8 more recalls at PSA. Thats 24 recalls in the last couple of months. Seems a little strange to recall so many going into the fall. Maybe they think mesa is going to tank.

 

[sniper]

8 more recalls at PSA. Thats 24 recalls in the last couple of months. Seems a little strange to recall so many going into the fall. Maybe they think mesa is going to tank.

MESA will take over PSA