Mesa Go'in Solo.....Hawaii Here they come!!!!

[pilot772]

mesa is not paying the leases anymore on the do-jets. part of DAL banctrptcy.

 

[Spinplate]

Hope it works out!

 

[RJP]

This is a fun thread. "How they gonna get them jets all the way out there?" "What about rafts?" I am looking forward to seeing the pig with the lipstick and lei though.

Bottom line is that if they actually show up in CRJs, they're going to find that there's almost no gate space at OGG and HNL. All three carriers out here are struggling to fill airplanes (and we've only got 37 seats for god's sake)

Island Air's had trouble finding pilots over the past couple of years so if Mesa comes and doesn't offer more $$ (which is apparently doubtful), they'd better bring a chartered 767 full of pilots from the mainland with them.

 

[av8tortype]

The disclaimer is required by federal law.

It's not required just prudent ... Known as a "Safe Harbor Statement" companies use it to protect them from investors who want to come back and sue.

 

[av8tortype]

Here's what Prudential's analyst says:

09:05am EDT 23-Sep-05 Prudential Equity Group, LLC
MESA: MESA TO ESTABLISH NEW HAWAIIAN AIRLINE. LOWERING PRICE TARGET.
PRUDENTIAL EQUITY GROUP September 23, 2005


Mesa Air Group (MESA - $7.96) -- NASDAQ
* MESA announced this morning that it is establishing an independent
inter-island Hawaiian airline with service to begin in the first quarter of
2006.
* MESA will use regional jets, in competition with the Hawaiian's Boeing
B717 aircraft and Aloha's Boeing B737 aircraft. We believe MESA will most likely
begin with 50-seat CRJ200 aircraft, which should be available at minimal rental
rates.
* We believe MESA will create an independent entity, together with financial
partners, and will have only a portion of the financial risk. As such we doubt
this operation will be a major drain on MESA earnings.
* We believe that the new entity will generate substantial losses, and we
doubt its ultimate success. As a result, we think the street will view this
project negatively.
* We are reducing our price target from $13 to $7. We see little chance that
investors will find much to cheer in this idea and that analysts may draw,
although incorrectly, some parallels to FLYI's effort as an independent carrier.
As such, we think that shares will trade at roughly today's price or slightly
lower for the foreseeable future. We are keeping our Neutral Weight rating
because we think there will be, over the next several months, positive
developments at MESA stemming from the Delta bankruptcy and Mesa's new
relationship with Delta.

 

[LDavid]

This is a fun thread. "How they gonna get them jets all the way out there?" "What about rafts?" I am looking forward to seeing the pig with the lipstick and lei though.

Bottom line is that if they actually show up in CRJs, they're going to find that there's almost no gate space at OGG and HNL. All three carriers out here are struggling to fill airplanes (and we've only got 37 seats for god's sake)

Island Air's had trouble finding pilots over the past couple of years so if Mesa comes and doesn't offer more $$ (which is apparently doubtful), they'd better bring a chartered 767 full of pilots from the mainland with them.

Island Air can't find pilots because 1. Nobody can afford to fly out on thier own dime for an interview. 2. No pay or accomodations for training. 3. You have to live in a tent on the beach until you make captain.

 

[nimtz]

More info:

http://starbulletin.com/2005/09/23/news/index1.html

Am I the only one who thinks this same article could be at www.theonion.com

 

[psysicx]

If you go to realtor.com you can find condos cheap. They might be small but who cares you should be at the beach most of time.

 

[igneousy2]

1. Longest overwater portion is about 30 miles from shore...you don't come close to the 50 mile rule.

2. Mesa will get pilots the same way Eagle gets pilots for "the rock" they get assigned it during new hire class or displaced to it during furloughs.

3. I hope the Mesa MEC is on top of this. Hopefully they have the opportunity to negotiate some work rules or the Mesa pilots that come out here are going to be hurting. 1 hour would probably be the longest possible leg time. imagine taking 12 hours to get 5 hours of pay...that's what it's like flying in Hawaii. I would bet on 10 leg days and 12 day off months for line holders that come from Mesa to Hawaii.

later

 

[Taco Rocket]

1. Longest overwater portion is about 30 miles from shore...you don't come close to the 50 mile rule.

2. Mesa will get pilots the same way Eagle gets pilots for "the rock" they get assigned it during new hire class or displaced to it during furloughs.

3. I hope the Mesa MEC is on top of this. Hopefully they have the opportunity to negotiate some work rules or the Mesa pilots that come out here are going to be hurting. 1 hour would probably be the longest possible leg time. imagine taking 12 hours to get 5 hours of pay...that's what it's like flying in Hawaii. I would bet on 10 leg days and 12 day off months for line holders that come from Mesa to Hawaii.

later

It can't be any worse than flying in this "Big Mesa" US/HP system with CLT-GSO and CLT-GSP all day. I have done 7 leg days in the Taco Rocket out of CLT for 5 hours pay (if nothing cancels). Moving to HI would be a dream for many of our pilots but as others have said it would be hard to make ends meet there on our salaries. But having said that JO will still make it work. Most of our guys don't like him but will acknoweldge he is a hell of a businessman, so if he thinks this will work he will probably make money.