XJ & Big Mama Playing nice? Or is it a sham?

[CoATP]

MAIR Holdings, parent of Mesaba Airlines, filed claims totaling $281 million in bankruptcy court last week charging partner Northwest Airlines with breach of contract and fraud. Mesaba followed NWA into bankruptcy last October. According to an Aug. 16 court filing, MAIR entered a proof of claim for $31.7 million plus other "un-liquidated amounts," alleging "fraud, negligent misrepresentation, breach of contract and fraudulent inducement." The amount reflects the capital contribution NWA required from Mesaba prior to its entry into bankruptcy, as well as costs incurred and missed payments to the Regional. Additionally, Mesaba filed a proof of claim for an estimated $250 million based on what it described as a breach of contract in the Airline Services Agreement between the carriers.


1. If they get $281,000,000 how much goes to salaries? Guesses?
2. Is this the way one campaigns for new flying? Or that already a done item?

 

[Mesabi Miner]

1. If they get $281,000,000 how much goes to salaries? Guesses?
2. Is this the way one campaigns for new flying? Or that already a done item?

1. Lots will go to salaries. Management salaries.

2. Can't figure out that one either. Biting the hand that feeds thee? Hmmm.

MM

 

[CFIfornow]

$281,000,000 would go a long way toward new airplanes, if NWA can't finance them while in bankruptcy

 

[YourPilotFriend]

That money goes to MAIR and then they can reinvest it in mesaba or do whatever they want with it.

 

[Terry Hunter]

That money goes to MAIR and then they can reinvest it in mesaba or do whatever they want with it.

Re-invest in Mesaba??? Oh, YPF, we all know that money only goes one way between XJ and MAIR :laugh:

Hey, you get your recall letter yet?

 

[XJohXJ]

Big big big GIGANTIC management bonuses!!!!

 

[GidgetDog]

IT's a damn sham

 

[Hanger 10]

Mesaba has lost and its trying everything to recoup money. Poor managment.

 

[ImbracableCrunk]

281-31=250

That money goes to MAIR and then they can reinvest it in mesaba or do whatever they want with it.

Errrrrnnnnnnnnttttttttttt. That's a buzzer sound, btw. $31.7M would be the suit for MAIR, and $250M would be Mesaba's piece. Of course MAIR would probably take that money - because that's what evil shell corporations do. Maybe justice will rear it's rarely seen head and stick around. For a pay-to-play deal, of course.

You still have dodged the "found information" question, too.

 

[Dodge]

It all belongs to NWA. MAIR IS NWA. XJ IS NWA. XJ claiming that MAIR owes them money, MAIR claiming that NWA owes them and NWA claiming that MAIR and XJ both owe them.

My shirt pocket and front pants pocket each owe my wallet $5 as I have put a $5 bill in each from my wallet. This is the mental horse power that has made it to the top of the business world in MSP. I now believe that there is proof that 7 months of sub freezing temps do cause brain damage.

 

[FOrever85]

Well, now we know how much they are going to sell compASS for.

 

[xjhawk]

wow thats a good thought, do it in bankruptcy court, come up with that deal, the Pilots and FA's cannot complain cause NWA can just say they had no choice, the judge made us do it. Then MAIR controls Compass and NWA does not have to worry about it, i still have not a clue what i will try to figure out with this job (not career) of mine at Mesaba, i am forced to stick it out because there is not much out there for an FO, unless you count 19 an hour at a new regional.........ha