Mesa files ch11 bankruptcy

[BHopper88]

This is key:

"In its bankruptcy filing in U.S. Bankruptcy Court in New York, Mesa listed $975.5 million in assets and $868.6 million in debts. Mesa and 10 affiliates were included in the petition."

THIS IS HUGE.... Even if Mesa gets out of some of its debt, it still owes a ton, plus with Delta and United dropping Mesa's services WHERE ARE THEY GOING TO GET THEIR INCOME FROM (besides USAIRWAYS). Mesa has TOO MANY PROBLEMS with few if any options to save it. Even IF, they ever emerge from Chp 11, they have to their reputation to deal with. What major airline would want to have them as a partner when they have shown they are not dependable.

This will be a quick fall of Mesa.... I do feel sorry for all those employed at Mesa, but at the same time, this economy in many ways might help the industry by killing the weaker companies and building up the stronger ones that know how to do business and have a quality product.

 

[Fltlvls]

This is key:

"In its bankruptcy filing in U.S. Bankruptcy Court in New York, Mesa listed $975.5 million in assets and $868.6 million in debts. Mesa and 10 affiliates were included in the petition."

THIS IS HUGE.... Even if Mesa gets out of some of its debt, it still owns a ton, plus with Delta and United dropping Mesa's services WHERE ARE THEY GOING TO GET THEIR INCOME FROM (besides USAIRWAYS). Mesa has TOO MANY PROBLEMS with few if any options to save it. Even IF, they ever emerge from Chp 11, they have to their reputation to deal with. What major airline would want to have them as a partner when they have shown they are not dependable.

This will be a quick fall of Mesa.... I do feel sorry for all those employed at Mesa, but at the same time, this economy in many ways might help the industry by killing the weaker companies and building up the stronger ones that know how to do business and have a quality product.

Another financial expert along with the attorneys, judges and jury here on FI.

 

[CRJ puppy]

Then why haven't they pulled them out of the desert to replace Comairs 50 seaters?..7 days is a long time when there are what..60-100 flighta a day that Freedom operates.What would DL do with that many pax everyday for 7 days or longer?..If you are confident they could do it , I would say start getting them warmed up then.

You guys certainly have short term memories. Delta can and will stop flying overnight if they can do it within the constraints of a contract.

You forget that one Oct 31st not too long ago that 30 DoJets left CVG on their regularly scheduled flights with passengers and not a single one came back on Nov 1st. That flying stopped literally overnight was slowly replaced over a period of a couple of months.

United did a simliar thing also.

The regional feed of any one carrier just isn't all that important...epsecially when you have multiple carriers flying to your multiple hubs...it hurts a little, but not all that much in the grand scheme of things.

And I can go on with numerous other examples.

Short term, there really won't be any changes going on.

Anyway, carry on...

 

[Fltlvls]

You guys certainly have short term memories. Delta can and will stop flying overnight if they can do it within the constraints of a contract.

You forget that one Oct 31st not too long ago that 30 DoJets left CVG on their regularly scheduled flights with passengers and not a single one came back on Nov 1st. That flying stopped literally overnight was slowly replaced over a period of a couple of months.

United did a simliar thing also.

The regional feed of any one carrier just isn't all that important...epsecially when you have multiple carriers flying to your multiple hubs...it hurts a little, but not all that much in the grand scheme of things.

And I can go on with numerous other examples.

Short term, there really won't be any changes going on.

Anyway, carry on...

Not my problem either way..I'm not there anymore

 

[BHopper88]

Another financial expert along with the attorneys, judges and jury here on FI.

Let me guess you work for Mesa? Really how do you think Mesa will get revenue? EVEN if they are able to clear ALL OF THEIR DEBTS, how will they make any money? Do you really think united or delta will take them back? comparing DELTA, United or any major airline chp 11 is WAY different then having a regional declare chp 11.. Look what happened to independence/ACA..

They have to show that they can make money and return to profitability, but they have no real means insight to do that... Especially when their source of revenue (major airlines) want to get rid of them for various reasons.

I mean how many of your competitors (ie Skywest, Eagle, Expressjet, etc) want to even buy your aircraft when you cant really seem to keep them up to standards to begin with. Its not like those of us from other airlines are making up claims about MESA, most comes from those THAT USED TO WORK AT MESA. Personally I dont think chp 11 can save a rotting product that is run by a crook, that has shown time and time again what they will do to their internal books in pervious court battles. Maybe they will find out that all their financial info is infested with viruses from the accountants searching for porn during day to day ops.

 

[Fltlvls]

Let me guess you work for Mesa? Really how do you think Mesa will get revenue? EVEN if they are able to clear ALL OF THEIR DEBTS, how will they make any money? Do you really think united or delta will take them back? comparing DELTA, United or any major airline chp 11 is WAY different then having a regional declare chp 11.. Look what happened to independence/ACA..

They have to show that they can make money and return to profitability, but they have no real means insight to do that... Especially when their source of revenue (major airlines) want to get rid of them for various reasons.

I mean how many of your competitors (ie Skywest, Eagle, Expressjet, etc) want to even buy your aircraft when you cant really seem to keep them up to standards to begin with. Its not like those of us from other airlines are making up claims about MESA, most comes from those THAT USED TO WORK AT MESA. Personally I dont think chp 11 can save a rotting product that is run by a crook, that has shown time and time again what they will do to their internal books in pervious court battles. Maybe they will find out that all their financial info is infested with viruses from the accountants searching for porn during day to day ops.

Ex-Mesa..Since you can't read my post. How did you get all of your questions out of one sentence I posted, which is what you fall under also.I don't know what Mesa will do ,can do, can't do, has done. All I am saying is that all the "experts" here on FI think they have Mesa's financial situation figured out for them.If that's the case, send JO an email telling him you know everything about their finances, since everyone here seems to be privy to that information. :laugh:

 

[Golden Falcon]

Let me guess you work for Mesa? Really how do you think Mesa will get revenue? EVEN if they are able to clear ALL OF THEIR DEBTS, how will they make any money? Do you really think united or delta will take them back? comparing DELTA, United or any major airline chp 11 is WAY different then having a regional declare chp 11.. Look what happened to independence/ACA..

They have to show that they can make money and return to profitability, but they have no real means insight to do that... Especially when their source of revenue (major airlines) want to get rid of them for various reasons.

I mean how many of your competitors (ie Skywest, Eagle, Expressjet, etc) want to even buy your aircraft when you cant really seem to keep them up to standards to begin with. Its not like those of us from other airlines are making up claims about MESA, most comes from those THAT USED TO WORK AT MESA. Personally I dont think chp 11 can save a rotting product that is run by a crook, that has shown time and time again what they will do to their internal books in pervious court battles. Maybe they will find out that all their financial info is infested with viruses from the accountants searching for porn during day to day ops.

Of course they will take them back, if they are CHEAP enough

 

[WayBack]

I love you morons who think Mesa will tank.
Even if Mesa did tank, which they won't, then you have scum like RAH pilots and now taking it up the rear, Comair pilots.

EDIT: I forgot to mention...You also have ALPA that loves to agree on pay cuts, then comes out with the scripted "We were backed into a corner" or "Our situation is different, we had to do it!" or my favorite..."Live to fight another day!!"

 

[Regul8r]

..."Live to fight another day!!"

Yes...that sounds like a wonderful plan. Now lets go ask the pilots at Midwest Airlines, Aloha, ATA, Champion, etc., how that worked out for them? I bet those guys wish they were a little more aggressive in negotiations. Alas, they were led astray by a castrated union with its own interests in mind.

 

[JoeMerchant]

Yes...that sounds like a wonderful plan. Now lets go ask the pilots at Midwest Airlines, Aloha, ATA, Champion, etc., how that worked out for them? I bet those guys wish they were a little more aggressive in negotiations. Alas, they were led astray by a castrated union with its own interests in mind.

The only way to take away the "live to fight another day" issue is to allow transportability of longevity and seniority....If you don't do that, you will never get rid of that issue.....