News on Mesa BK

[brokedash]

Per document 304 in the docket for MAG's bankruptcy hearing they and Delta have agreed to let the ERJ termination suit stay in the Atlanta court. This is interesting since MAG wanted this to be brought before the bankruptcy court as part of its restructuring and Delta wanted to keep it out since it could have forced them to honor the contract.

With this move MAG can not bring the suit into bankruptcy and possibly not be able to include it as part of the restructuring. Delta gets what the wanted out of this, now the question is what MAG is getting in return?

 

[JumpersAway]

Liquidation?!?

 

[SPDBRD747400]

Mesa Sucks!!!

 

[Raoul Duke]

probably a quick trial

 

[Metro752]

happy fun time


uno dos tres...

 

[topdawg]

Mesa Tanking in Hawaii

Hawaii interisland carrier go! Mokulele said Wednesday that its load factor in January dropped 3.3 percentage points to 61.2 percent, compared with the previous January.
The carrier, owned by Phoenix-based Mesa Air Group, also saw its revenue passenger miles drop 19.7 percent to 6.89 million, its available seat miles decline 15.3 percent to 11.2 million, and the number of passengers carried drop 13.5 percent to 50,325.

 

[sniper]

Per document 304 in the docket for MAG's bankruptcy hearing they and Delta have agreed to let the ERJ termination suit stay in the Atlanta court. This is interesting since MAG wanted this to be brought before the bankruptcy court as part of its restructuring and Delta wanted to keep it out since it could have forced them to honor the contract.

With this move MAG can not bring the suit into bankruptcy and possibly not be able to include it as part of the restructuring. Delta gets what the wanted out of this, now the question is what MAG is getting in return?

70 Million cash, pass the ERJ to the Brazilians, out of bk and more 900's for USAIR....

 

[nerjdriver]

Liquidation?!?

Don't you tease us with great news like that.

 

[king10pin02]

70 Million cash, pass the ERJ to the Brazilians, out of bk and more 900's for USAIR....

Usair express has already exceeded the number of "large regional jets" allowed by scope. so this is not likely.

 

[superfreight208]

Mesa sux!!!