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katbuad · 05-16-2008, 10:24 AM

I sometimes have a hard time understand the nitty gritty of why these airlines are suffereing as they are (I get the high fuel cost). I thought this was an interesting article about Mesa's current woes.

The part I found especially interesting is about 1/3 aways down the page and says "The company has two convertible notes coming due, one for USD$38 million in June and another for USD$100 million in February, and bondholders have an option to make the company repurchase those notes, King said.
"The first one might not be the stake in the heart, but the second one would be," said King, adding that his analysis shows the company may have about USD$130 million in cash." That sheds a lot of light on what is going on (for me, at least) and may shed some light on what is and when it is to come for Mesa.

Small US Regional Airlines Face Cash Crunch

05-16-2008, 10:24 AM	#1 (permalink)
katbuad Jetgirls Plus Member Join Date: Jul 2007 Location: Nashville, TN USA Posts: 696 Recipes: Thanks: 9 Thanked 13 Times in 13 Posts	Article about Mesa's woes I sometimes have a hard time understand the nitty gritty of why these airlines are suffereing as they are (I get the high fuel cost). I thought this was an interesting article about Mesa's current woes. The part I found especially interesting is about 1/3 aways down the page and says "The company has two convertible notes coming due, one for USD$38 million in June and another for USD$100 million in February, and bondholders have an option to make the company repurchase those notes, King said. *"The first one might not be the stake in the heart, but the second one would be," said King, adding that his analysis shows the company may have about USD$130 million in cash."* That sheds a lot of light on what is going on (for me, at least) and may shed some light on what is and when it is to come for Mesa. Small US Regional Airlines Face Cash Crunch