Welcome to Flightinfo.com

  • Register now and join the discussion
  • Friendliest aviation Ccmmunity on the web
  • Modern site for PC's, Phones, Tablets - no 3rd party apps required
  • Ask questions, help others, promote aviation
  • Share the passion for aviation
  • Invite everyone to Flightinfo.com and let's have fun

Mesa out of BK

Welcome to Flightinfo.com

  • Register now and join the discussion
  • Modern secure site, no 3rd party apps required
  • Invite your friends
  • Share the passion of aviation
  • Friendliest aviation community on the web
Register   Log in
C

CLARKGRSWOLD

Well-known member
Joined
Sep 28, 2007
Posts
278
Mesa is submitting its plan, and is expected to be out of BK in the coming months if not weeks, Looks like they have renewed the 900 contract with airways
 
LOL. Just because they sub+it a plan doesn't mean It will accepted by the judge or creditors. Part of their plan is to just 'abandon' their aircraft not flying. Haha.
 
Of course it will be approved, How else would the creditors get paid, CHP 7 yea right..... Mesa got a extension to the Airways flying, thus showing an ability to pay the creditors. Small pilot group, 700 & 900 flying should be a cash machine for the company. Pilot contract is up for renew this year should be a great time to get a new contract, seeing mesa has to show a positive cash flow for the courts. Good luck to them !
 
CLARKGRSWOLD said:
Of course it will be approved, How else would the creditors get paid, CHP 7 yea right..... Mesa got a extension to the Airways flying, thus showing an ability to pay the creditors. Small pilot group, 700 & 900 flying should be a cash machine for the company. Pilot contract is up for renew this year should be a great time to get a new contract, seeing mesa has to show a positive cash flow for the courts. Good luck to them !
Click to expand...





SKW could still buy Mesa, if they dont, I think Mesa will buy PSA by next spring, remove the Mesas 200 from service and replace those with 25 new 900's, then merge PSA into Mesa

PDT will be sold to Pinnacle and all dash8s go to Mesaba certificate.


Mark my words.
 
Last edited:
Funny because thats not the first time I've heard of 25 900's for Mesa/PSA. Airways may start pulling down 50 seaters just like DAL has.
 
sniper said:
SKW could still buy Mesa, if they dont, I think Mesa will buy PSA by next spring, remove the Mesas 200 from service and replace those with 25 new 900's, then merge PSA into Mesa

PDT will be sold to Pinnacle and all dash8s go to Mesaba certificate.


Mark my words.
Click to expand...

Sniper,
What makes you think Mesa would buy PSA out of curiosity? Why would Airways sell them off?
 
These death to Mesa posts are kind of disturbing, think of the families, they're just the same as any of you that are flying for the other crappy regionals.
 
Mesa sucks!!! I'm sure they have some fine pilots that somehow are stuck in that blender.
 
SKYW will not merge with a union carrier. We have already have seen this with XE. They will buy assets and grow organically or operate them separately.
 
wms said:
SKYW will not merge with a union carrier. We have already have seen this with XE. They will buy assets and grow organically or operate them separately.
Click to expand...



How will skw buy assets only? dont mormons have to comply with federal law and contracts? oh I forgot you have no contract, Too much kool aid for you.
 
Last edited:
bgaviator said:
Sniper,
What makes you think Mesa would buy PSA out of curiosity? Why would Airways sell them off?
Click to expand...


Liability. That is why everyone is selling their wholly owns.

PSA could be bought for less than 15 million......look at compass, 36 planes operation for 22.5
 
mesaserf said:
I've been making payments on our scope with every paycheck since our '03 contract. We should be ready to fight tooth and nail to make it stick.
Click to expand...



How is your MEC. Strong or weak. You should ask them how good your scope is. I know SKW found it to be too good and too strong
 
sniper said:
How will skw buy assets only? dont mormons have to comply with federal law and contracts? oh I forgot you have no contract, Too much kool aid for you.
Click to expand...

Actually, believe it or not, we do have a contract at ASA.

Mesa isn't coming out of bk- not without being picked up or pushed over the edge of the cliff by a competitor. Don't get me wrong- I'd love to help the Mesa pilots out. I'd have to say that of all the pilot groups that have helped me to get to work (commuting), Mesa pilots have been the friendliest and most accomodating. Good group of folks- I just hate that Ornstein couldn't provide the respect and dignity the people there deserved. Management failed you and you deserve better..............
 
sniper said:
Liability. That is why everyone is selling their wholly owns.

PSA could be bought for less than 15 million......look at compass, 36 planes operation for 22.5
Click to expand...

So mesa in bk gets rid of all their 50 seaters. Then when exiting they find 20 million to buy a company with mostly 50 seaters. Just doesnt jive.
 
sniper said:
How will skw buy assets only? don't Mormons have to comply with federal law and contracts? oh I forgot you have no contract, Too much kool aid for you.
Click to expand...

They just wait for a company to liquidate. When the company no longer exists the assets are available without condition. No kool aid, just business.

BTW, I'm not at SKYW, I'm at ASA and have been the object of what I'm talking about. We were bought by SKYW, and are operated separately... because we're union and they're not.
 
Last edited:
JumpersAway said:
Actually, believe it or not, we do have a contract at ASA.

Mesa isn't coming out of bk- not without being picked up or pushed over the edge of the cliff by a competitor. Don't get me wrong- I'd love to help the Mesa pilots out. I'd have to say that of all the pilot groups that have helped me to get to work (commuting), Mesa pilots have been the friendliest and most accomodating. Good group of folks- I just hate that Ornstein couldn't provide the respect and dignity the people there deserved. Management failed you and you deserve better..............
Click to expand...

They are coming out of BK within the coming weeks. With the debt gone, a new USAIR contract for the 900's they will be profitable. ASA on the other hand good luck with the 100 plus 200's on property the writing is on the wall. Get your resumes ready.
 
sniper said:
How is your MEC. Strong or weak. You should ask them how good your scope is. I know SKW found it to be too good and too strong
Click to expand...

They are the very definition of dysfunctional.

It's a sad day when I cannot even trust my own MEC.
 
CLARKGRSWOLD said:
They are coming out of BK within the coming weeks. With the debt gone, a new USAIR contract for the 900's they will be profitable. ASA on the other hand good luck with the 100 plus 200's on property the writing is on the wall. Get your resumes ready.
Click to expand...

Debt free? Bk lets you reorganize but its up to the judge to determine how much they are going to get away with. Who knows maybe all the profit for the next 30 years will be used to pay back the creditors. Mesa's proposal will not be what we read. Its just that. A proposal to the judge. And it will be modified. If mesa cant put forth a plan that will pay back the creditors and make money they may be forced into chapter 7.
 
ex j-41 said:
Debt free? Bk lets you reorganize but its up to the judge to determine how much they are going to get away with. Who knows maybe all the profit for the next 30 years will be used to pay back the creditors. Mesa's proposal will not be what we read. Its just that. A proposal to the judge. And it will be modified. If mesa cant put forth a plan that will pay back the creditors and make money they may be forced into chapter 7.
Click to expand...

I am sure many would like to see that... However, Chp 7 doesn't pay the creditors. CHP 13 is a much better option, on top of a renewed usair contract to show a positive cash flow to help pay a portion of that debt.
 
sqwkvfr said:
Stock price down 68% as of 0730 Arizona time.

....now worth less than a penny.
Click to expand...

That's due to Mesa's proposed POR wiping out all existing shares. Anyone left holding MESAQ shares will be f---ed.
 
ex j-41 said:
So mesa in bk gets rid of all their 50 seaters. Then when exiting they find 20 million to buy a company with mostly 50 seaters. Just doesnt jive.
Click to expand...


No, they will get 14 700s and replace the 13 old 200s they have with your new 200s and keep 12 200s of yours.

simple, reducing will make airways happy as well......


let see
 

Share this page

Latest posts

Latest resources

Latest media

Carbon Cub FX-3 Shenandoah Valley
Carbon Cub at Kittyhawk
FX-3 in the backcountry
IFR Panel in a Carbon Cub FX-3
Cub-Provo-UT-c.jpg
Back
Top Bottom