mynameisjim said:The delayed payments included $19 million owed to Northwest regional partner Mesaba Aviation Inc., which gets its aircraft and schedule from Northwest and operates under the Northwest Airlink brand. A filing by Mesaba parent MAIR Holdings, Inc. said Northwest has until Sept. 20 to make the payment or "Mesaba may exercise available remedies against Northwest."
Northwest said it missed other payments totaling $23 million related to aircraft financing that were due Saturday through Monday. It said the terms of those agreements give it grace periods of five to 10 business days before the payments are in default. Northwest said it has not yet decided whether to make the payments before the deadlines. Northwest is analyzing its debt, lease and other obligations to decide which ones to try to restructure, it said. The payments that were missed are ones the company would try to restructure.
Newman55 said:Thats part of the problem right there the majors are just throwing profits at all the regionals while they loose money.
Newman55 said:WAAAAAAAAAAAAAAAAAAA WAAAAAAAAAAAAAAA we are missing our fee per departure guaranteed profits WAAAAAAAAAAAAAAAAAAAAAAAA WAAAAAAAAAAAAAAAA. Wake up guys. The next thing to go is those generous fee per departures then what do you do next when all the regionals actually have to base their buisness on load factor instead of collecting their fees no matter how full or empty the plane is. That is what I see coming next is the elimination of the fee for departure in bankruptcy court. Do you really think the majors are gonna keep loosing money and keep basically gift wrapping a profit every quarter? I see the next contracts as incentive based and if the plane is empty you LOSE money on that flight, if its full you make money. If its at the break even load factor you break even. Thats part of the problem right there the majors are just throwing profits at all the regionals while they loose money.
lancair360 said:Mesaba took the bait and gave NWA contract concessions for new CRJ aircraft that will probably never arrive now.
General Lee said:If NW goes to bankruptcy, Mesaba will probably miss out on more or at least partial payments. Look at what United did to all of their regionals after they went to court. If "Mama" is hurting, most of the others will feel some pain too. Many of the regionals out there feel "insulated" from high gas prices, which is ridiculous. Of course the regionals are profitable, they don't pay for the difference in high gas prices. (According to Ron Reber, a SkyWest executive) Good for them!!?
And, doesn't NW own most of the Mesaba airplanes? I think they could decide on what they want to do with Mesaba and their future.
Bye Bye--General Lee
Dodge said:Hey Newman55
When NWA lets Mesaba or Pinnacle market their own product I'll agree with you. Until then...........I take whatever I can get.