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Mesa to file bankruptcy

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If they declare BK, vendors are unlikely to extend credit for fear of standing in line after liquidation for the chance of getting perhaps 10% of their outstanding debt.

Fuel vendors, hotels, parts suppliers, contract mx and others will require cash or immediate settlement to continue supplying services.
 
Just heard from a much more reliable source than a CP that the bk announcement is coming monday. Its going to be a wild ride.
 

Anyone watch 12 news in PHX today? They just ran a story on mesa and a bk filing. JO plans to "operate as normal" sure sounds like like its near if its not happening as we speak. Im trying to find a link to the story on azcentral.com... look for yourselves, Im sure its there or will be there very shortly.

Oops... days not over yet.
 
meh, I hope not. Or, if they do, I hope they can make a full recovery, like United, and others.

It'd be way too sad to see such a great carrier collapse and fold due to fuel prices and market strains.

Good luck Mesa, I hope you can pull through and hang in there!
 
meh, I hope not. Or, if they do, I hope they can make a full recovery, like United, and others.

It'd be way too sad to see such a great carrier collapse and fold due to fuel prices and market strains.

Good luck Mesa, I hope you can pull through and hang in there!


ARE U SERIOUS??? LOL
 
"Mesa has loyal customers"


Ok, THAT is some pretty ridiculous spin. But otherwise, that was a pretty lame non-story from 12 News.

No sources, no interview with Mesa corporate types or workers, just a couple of people waiting for their luggage being asked about something they know nothing about.

The "sell parts" to save the airline quip was interesting. I doubt that's a well that you can go to more than once, and it has it's own problems . . . .
 

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