Mesa takes Delta to court!

[Jack Mehoff]

No. I guess they figured that Delta should honor the contract they signed. Delta asked us to cancel flights (command cx), pay us for them and now want to charge them against our performance. We met the goals....thats why they had to pull this BS.

You are one of those Freedom dorks that tells the chicks at the bar you fly for DELTA right?? stop defending mesa. dooook aka JO's lapdog

 

[jonjuan]

Me thinks Delta's legal team is WAY smarter than Mesa's legal team......

Is this because you thinks major airline employees are WAY smarter than regional airline employees?

 

[WSurf]

Is this because you thinks major airline employees are WAY smarter than regional airline employees?

No, Its because they have more money. And unless you don't know, more money equals helluva lot better lawyers.

Just ask OJ Simpson!

 

[Bavarian Chef]

2. Delta knows that Mesa will, in very short order, go under. Delta may be counting on the fact that Aloha's lawsuit will drain Mesa. There would be no point for a defunct Mesa to continue with a lawsuit against Delta only to give the proceeds to Aloha.

I could see that.

MESA is close to 1 dollar. 1 dollar means delisting. You can buy something off of the Value Menu or you can buy MESA. Wow.

Their market cap is now equivalent to the annual payroll of the Kansas City Royals.



Mesa Air Wants to Issue More Shares
Tuesday April 8, 7:50 pm ET
By Chris Kahn, Associated Press Writer Mesa Air Group Will Ask Shareholders to Approve Up to $37.8M in New Stock to Pay Off Debt

PHOENIX (AP) -- With its $20-million-a-month Delta Air Lines contract in jeopardy, Mesa Air Group Inc. wants shareholders to allow the carrier to issue up to $37.8 million in common stock to pay off its looming debt.
The amount is more than the total market value of the Phoenix-based commuter airline Tuesday.
Mesa said in a securities filing that it will ask shareholders at the company's annual meeting May 13 to approve the plan to issue new stock so it can repay senior convertible notes in June.
Mesa offered the convertible notes in 2003 to raise $100.1 million. The notes aren't due until 2023, but holders can force the company to repurchase the notes on June 16, 2008.
"The company is preserving its options regarding the payment obligations" on those notes, Mesa General Counsel Brian Gillman said in an interview.
Robert Mann, an independent airline analyst in Port Washington, N.Y., said this could be a reliable way to raise cash, especially with banks increasingly reluctant to loan airlines more money.
"There's just not an appetite to extend further credit to airlines," Mann said.
Mesa told shareholders in the securities filing that it needs the flexibility to pay bondholders with stock. Forcing it to use cash right now "would have a material averse effect on the company's financial condition," the company said.
The airline recently has been roughed up by a series of bad news that's drained its cash reserves.
Mesa's new subsidiary go!, an inter-island airline in Hawaii, sparked a price war among competing carriers and reported a $20 million operating loss in the first 16 months of operation.
Last October, a federal judge ordered Mesa to pay $80 million to rival Hawaiian Airlines Inc. after determining that a Mesa executive intentionally destroyed evidence related to a lawsuit filed by Hawaiian. Hawaiian claimed the evidence would have shown the launch of go! was aided by Mesa's misuse of proprietary information it gathered as a potential investor during Hawaiian's bankruptcy.
In March, Delta Air Lines Inc. said it planned to pull a contract-flying agreement worth $20 million a month with another Mesa subsidiary, Freedom Airlines. Delta said Freedom's carriers had a poor flight completion rate, but Mesa disputes that claim.
They're suing the carrier to keep the contract intact. Mesa's shares rose 9 cents, or 7.3 percent, to $1.32 Tuesday.

 

[328dude]

No, Its because they have more money. And unless you don't know, more money equals helluva lot better lawyers.

Just ask OJ Simpson!

No joke.

 

[boxjockey]

"If the glove don't fit, you must acquit!!!"

box

 

[dooork]

Really?? Because Delta asks comair to cnx flights so they can get slots from them too. Lets compare some numbers.

From the DOT website for freedom specifically sorted for JFK for JAN and FEB.

CNX - 14.1%
ontime - 53%
air carrier delay - 16%

Comair's sorted for JFK

CNX - 6.78%
ontime - 65%
air carrier delay - 8%

Don't try to tell me they asked you guys to cnx any more flights than they asked comair to.




source http://www.transtats.bts.gov/OT_Delay/OT_DelayCause1.asp?pn=1

Not the same contract....skipper.

 

[Lowrider717]

Getting rid of Mesa would be the best thing Delta could do for its customers, and its image. Sorry Mesa(Freedom) Pilots, the truth can be painful. But I ride in the back commuting and see first hand the delays, cancellations, etc. Granted, the help in ATL didn't do you any favors, but thankfully my city was served by 3 other Delta carriers(including mainline). And none of them were as bad as Freedom for reliability. I feel for the guys who stuck with Mesa. Its never good to have the feeling your on a sinking ship. I hope better times are coming for all of us. Hint-Pilot wages/work rules won't save the Company from poor management.

I guess ole JO is about to see "what goes around comes around".

 

[RiddleEagle18]

Not the same contract....skipper.

huh?? seriously thats all you can say to defend against those numbers??

 

[buckeyes95]

No. I guess they figured that Delta should honor the contract they signed. Delta asked us to cancel flights (command cx), pay us for them and now want to charge them against our performance. We met the goals....thats why they had to pull this BS.

Stop the crying Mesa scumbag. Your spineless pilot group has screwed over so many fellow pilots over the years by working for substandard wages and benefits, thus bringing everyone down to your level, or worse putting them on the street, that you will get no sympathy here. I hope you are on the street very soon.

 

[wmuflyguy]

Not the same contract....skipper.

Provide some proof, at least the other guy had some numbers that are verifiable.

 

[RiddleEagle18]

Look up there numbers for ORD for Jan and Feb. http://www.transtats.bts.gov/OT_Delay/OT_DelayCause1.asp?pn=1

How does United put up with this crap?

Cnx- 18%
ontime - 39%


2 our of every 10 flights didnt go.

Skywest cnx rate wasnt too much better which makes me think it was weather but atleast they weren't 18%!

skywest

Cnx- 14%
ontime - 51%


Come on United wake up and join the club and give mesa the boot.

 

[Otto]

No. I guess they figured that Delta should honor the contract they signed. Delta asked us to cancel flights (command cx), pay us for them and now want to charge them against our performance. We met the goals....thats why they had to pull this BS.

Honor the contract they signed? Kind of like Mesa should honor the contract they signed with Hawaiin and Aloha not to compete after seeing their financials? I guess the rule of law only applies when it's in your favor, right?

 

[Lowrider717]

Come on United wake up and join the club and give mesa the boot.

They did once already. You would have thought they learned their lesson.

 

[Bavarian Chef]

Mesa closed at $.96 a share today. Holy sheet.