XJT in more trouble

[Erlanger]

Mexican Regulators Suspend Aerocalifornia, ExpressJet - Govt


DOW JONES NEWSWIRES July 23, 2008 17:32 ET (21:32 GMT)

MEXICO CITY (Dow Jones)--Mexico's Communications and Transport Ministry, or SCT, said Wednesday that its civil aeronautics regulator has suspended the operations of airlines Aerocalifornia and ExpressJet pending payment of outstanding fees for use of Mexican airspace.

Aerocalifornia, a Mexican low-cost carrier that was grounded once in 2006 for safety reasons, owes the government 259.6 million pesos ($25.9 million) in monthly fees dating back to 2005, the SCT said in a press release.

Houston-based ExpressJet, which provides service in Mexico to low-cost airlines Continental Express and Delta Connection, owes MXN44.6 million in unpaid fees since 2006, the ministry added.

"In this difficult situation for commercial aviation due to increasing jet fuel costs, it's the authorities' duty to take care that airlines compete in equal circumstances," the SCT said. "It's not permissible that while the vast majority of airlines comply with all their payment obligations, some companies do not."

The SCT said it is encouraging other airlines to increase flight availability so that passengers of ExpressJet and Aerocalifornia aren't affected by the suspension.

-By Paul Kiernan, Dow Jones Newswires; (5255)5001-5726, [email protected]

http://money.cnn.com/news/newsfeeds/articles/djf500/200807231732DOWJONESDJONLINE000861_FORTUNE5.htm


And if that wasn't enough, XJT threatened with delistment.

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20080723&ID=8931651&Symbol=XJT

 

[McNugget]

$0.39 a share! Hang on, I think I've got some spare change in my pocket to become the next CEO! First to cough up some pesos can be vice-chairman.

 

[CX880]

Mesa is almost 50 cents.

 

[Erlanger]

$0.39 a share! Hang on, I think I've got some spare change in my pocket to become the next CEO! First to cough up some pesos can be vice-chairman.

No, it's making a comeback just in the last few minutes. It's now $.43. Are you sure you still have that spare change now?

 

[McNugget]

No, it's making a comeback just in the last few minutes. It's now $.43. Are you sure you still have that spare change now?

I did, but all this talk of Mexico made me hungry. I decided to spend my spare change on some tacos, instead. I might buy some Mesa stock, later, to wipe my butt with.

By the way, did you know that Mesa sucks?

 

[Erlanger]

By the way, did you know that Mesa sucks?

That's what I hear and read. I can't tell you how many F.O.s I have flown with over the years that have come over from Mesa and tell me all about the place. The conclusion; MESA SUCKS!

 

[cybourg10]

All flights to Mexico will continue as planned.

 

[I_Love_Lamp]

Erlanger, you certainly seem like you're licking your chops at XJT's demise. Why is that?

 

[007]

Erlanger,

Who do think pays the fees when you fly your wonderful -900 to Mexico.
Skywest? No!
Delta. Ding Ding
Maybe your post should read: CAL doesn't pay their bills and blames it on favorite redheaded stepchild.

 

[Superpilot92]

Man its a good thing you guys are on top of this!! Nice work Erlanger