Mesa BK update

[Davi8r]

"Mesa Air Group Shows Everything That’s Wrong with the Bankruptcy Code"

http://www.bnet.com/blog/airline-bu...hat-8217s-wrong-with-the-bankruptcy-code/2499

Basically, "Mesa sucks," said in a grown up way.

You have to give Mesa's management credit for using BK to rid themselves of excess capacity, and save themselves. So, the cockroach (their management - not their people) dodges the bullet again - it gets an extended lease on life until at least 2012.

 

[CX880]

Mesa sucks

 

[JumpersAway]

He forgot to mention the part where the CFO nuked their company financials while surfing porn.

 

[imisscorplife]

did i read that right? US Air contract extended to 2015?

 

[Raoul Duke]

yup and Airways gets 10% of the equity

 

[JumpersAway]

IF it gets approved by the BK judge and creditors.........................

 

[Bako Cap]

IF it gets approved by the BK judge and creditors.........................

Mesa management SOP is to make sure that the judge or other government officials are on their side. Don't worry about the creditors, they'll be held hostage by the prospect of losing more without Mesa.

 

[JumpersAway]

Mesa management SOP is to make sure that the judge or other government officials are on their side. Don't worry about the creditors, they'll be held hostage by the prospect of losing more without Mesa.

With sexual favors????? They have nothing else............................

 

[Bako Cap]

I guess you're right. But, the CFO of internet porn no longer works there, so someone else will have to step up to the plate.

 

[rogerwilcoout]

Mesa management SOP is to make sure that the judge or other government officials are on their side. Don't worry about the creditors, they'll be held hostage by the prospect of losing more without Mesa.

Doesn't seem so for the Delta contract court battle, now does it?