Mesa Positioning for Chapter 11?

[rickair7777]

Well, if Mesa goes into Chapter 11, Delta can void their contract without having to go to court. Also, if the rumors about United are true, then that gives them an out as well. Mesa is already the cheapest thing out there, and the majors are starting to realize that you get what you pay for.

Any business in their right mind who lets a subcontract will have an escape clause to void the contract in the event the subcontractor files BK. Even UAL is smarter than that, to say nothing of DAL.

Bankruptcy will get you out of your debts and obligations...it does not automatically ensure in all cases that those with obligations to you have to honor them.

I think a MAG BK would be a fast-track to liquidation. Everybody would be happy to see them go...only their 900's would be missed by USA.

 

[lowlycfi]

Mesa has been threatened with delisting and has yet to pull itself over $1.00/share which it must maintain for 6 months. This is a feat which XJT managed in only a month or two...

XJT only did this through the reverse stock split. The value of the company isn't really any more than it was before.

 

[samballs]

none of these point to BK..

We would go BK if:

1) We lost the injunction (Not likely)

2) cant pay the bonds due in Feb.
(trading right now 34 cents to the dollar due to the economy)

We are not headed there yet, and no filings have been made. There is some wiggle room when It comes to paying off bonds. A new TA might make it to the pilot group soon..

Are you serious! this all points to bk, Get over it you guys will not get a TA. I'm not surprised though you took a job at Mesa. Dumbass. been thru 2 BK's and this how it starts. If you guys get aTA then your in for a world of hurt, like I said though you won't.

 

[BigLebowski]

does mesa have the funds/assets to afford to go into chapter 11 or are they more likely going to go straight to chapter 7?

I'm no judge and no expert in finance but I was under the impression that to file for bankruptcy entailed a lot of mulah

 

[nerjdriver]

1) Mesa Reports 3Q Loss

2) Mesa to sell Kunpeng stake

3) Paul Foley named COO

4) Pinnacle to fly Freedom CRJ-900s for Delta

5) Shutuplic to Hawaii

6) Admin/Support layoffs

Nope. Ch 7. You have to have money to go into and come out of CH 11, Mesa does not. Buh bye.

 

[nerjdriver]

none of these point to BK..

We would go BK if:

1) We lost the injunction (Not likely)

2) cant pay the bonds due in Feb.
(trading right now 34 cents to the dollar due to the economy)

We are not headed there yet, and no filings have been made. There is some wiggle room when It comes to paying off bonds. A new TA might make it to the pilot group soon..

34 cents due to the economy!!!!????!!!!! You MUST be trying to make a joke. It trades at 34 cents because the market doesn't value it any higher. Remember something is only worth what somebody is willing to pay for it. By that logic, MESA would be $350 a share if the economy was "good"......and we all know the answer to that.

 

[Metro752]

none of these point to BK..

We would go BK if:

1) We lost the injunction (Not likely)

2) cant pay the bonds due in Feb.
(trading right now 34 cents to the dollar due to the economy)

We are not headed there yet, and no filings have been made. There is some wiggle room when It comes to paying off bonds. A new TA might make it to the pilot group soon..

You obviously do not understand What Paul Foley Does.

 

[Soverytired]

does mesa have the funds/assets to afford to go into chapter 11 or are they more likely going to go straight to chapter 7?

I'm no judge and no expert in finance but I was under the impression that to file for bankruptcy entailed a lot of mulah

Who knows? I thought Frontier was done for (regrettably), yet they managed to find DIP financing in a tough credit market.

 

[Soverytired]

Interesting discussion on APC regarding P. Foley being hired concurrent with mass-firings among the upper echelons at MAG. Interesting if true.

I don't know who the recent Chief pilot is at MAG. Is it someone with the initials of D.F.? Just curious. Anyone know?

In either case, it's way too little, way too late. Beating up the pilot group can of course continue (in this market, who's gonna fight it?), but to what end? It's Mesa, so pure sadism is probably involved, but this doesn't help pay the rent. You can't, as they say, squeeze blood from a turnip.

Ultimately, Mesa failed (again) to get rid of the 1 person who's needed to be dumped for at least the past 4 years. I saw this repeatedly over the years . . . new guy "X" brought in to fix problems, and if they were any good they either quit in frustration or were fired because they told the boss things he didn't want to hear.

 

[nerjdriver]

Who knows? I thought Frontier was done for (regrettably), yet they managed to find DIP financing in a tough credit market.

They got that before this whole mess got worse. Do you really see Mesa attaining the same?

 

[PA31Driver]

I don't know who the recent Chief pilot is at MAG. Is it someone with the initials of D.F.? Just curious. Anyone know?

D.F. was the Chief Pilot until last week. From what we hear, they called him into 44th street and told him he was no longer going to be CP. No notice or anything.

 

[PA31Driver]

none of these point to BK..

We would go BK if:

1) We lost the injunction (Not likely)

2) cant pay the bonds due in Feb.
(trading right now 34 cents to the dollar due to the economy)

We are not headed there yet, and no filings have been made. There is some wiggle room when It comes to paying off bonds. A new TA might make it to the pilot group soon..

Are you trying to convince yourself or just don't see the picture? Just what the heck do you think Paul Foley is there for?

 

[crj567]

PLEASE, GOD!!!!!


If only Mesa would go BK, and J.O. were homeless on the street, giving hand-jobs for crack, it would restore my faith in justice!

J.O. deserves nothing but the very worst from life, he has been hosing people for a long time, and now it is his turn to get jackhammered by Mickey Mouse!!!

BTW-If Mesa files, they will almost certainly liquidate, there is no chance of getting financing now......

-Please,please,please,please......

 

[jetfueljunkey]

Food for thought, DIP financing and assets...MESA has over 100 million in A/C parts for assets and 10 CRJ 200's they own... It would be an uphill battle but they do have assets for dip financing...

 

[samballs]

PLEASE, GOD!!!!!


If only Mesa would go BK, and J.O. were homeless on the street, giving hand-jobs for crack, it would restore my faith in justice!

J.O. deserves nothing but the very worst from life, he has been hosing people for a long time, and now it is his turn to get jackhammered by Mickey Mouse!!!

BTW-If Mesa files, they will almost certainly liquidate, there is no chance of getting financing now......

-Please,please,please,please......

JO, and about 3 other generations of his family will be well off, his great grand children will be grateful to the pilots of mesa for flying for free.