Article about Mesa's woes

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

pica5104 · 05-20-2008, 01:38 AM

Mesa is having many issues right now.
J has an interview at a new airline tomorrow!
I will go more into detail in the next 2 days

Kristie · 05-20-2008, 09:41 PM

Mesa has always had a ton of issues... it surprises me that people still interview to work there.

jr_lenz · 05-21-2008, 11:55 AM

Quote:

Originally Posted by pica5104

Mesa is having many issues right now.
J has an interview at a new airline tomorrow!
I will go more into detail in the next 2 days

be sure to check out the breaking contract fees. Ask Amanda, I think that Nick went through it with them.

Amanda · 05-21-2008, 09:33 PM

Quote:

Originally Posted by jr_lenz

be sure to check out the breaking contract fees. Ask Amanda, I think that Nick went through it with them.

Heh heh- Mesa WILL come after you with lawyers for the training note you owe if you leave the company!

And Kristie- It doesn't matter about the bad rep of the company or the fact that they aren't doing well financially- there will always be pilots who need jobs and they will do what they have to in order to get a job. When Nick interviewed in 2003 it wasn't nearly this bad!

pica5104 · 05-27-2008, 12:52 AM

we know someone that quit Mesa WAY BEFORE the contract was up and they never went after him. ***Knock on wood***
James had an interview with Comair and got the job!
Mesa sent out e-mails to the bottom 400 on the seniority list stating that if the company lost the law suits that they would be furloughed. (WARN letter)
I am keeping my fingers crossed that they are still around for me to use the buddy pass! lol

05-16-2008, 10:24 AM	#1 (permalink)
katbuad Jetgirls Plus Member Join Date: Jul 2007 Location: Nashville, TN USA Posts: 697 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

05-20-2008, 01:38 AM	#2 (permalink)
pica5104 Jetgirls Member Join Date: Oct 2006 Location: Phoenix, AZ Posts: 146 Recipes: Thanks: 0 Thanked 0 Times in 0 Posts	Re: Article about Mesa's woes Mesa is having many issues right now. J has an interview at a new airline tomorrow! I will go more into detail in the next 2 days __________________ ~Pauline~ ~~Love is when you take away all the feeling, the passion, the romance, and find that you still care for the person.~~

05-20-2008, 09:41 PM	#3 (permalink)
Kristie Admin/Owner Join Date: Jul 2003 Location: Scottsdale, Arizona Posts: 6,653 Recipes: Thanks: 7 Thanked 17 Times in 17 Posts	Re: Article about Mesa's woes Mesa has always had a ton of issues... it surprises me that people still interview to work there. __________________ www.jetcareers.com

05-27-2008, 12:52 AM	#6 (permalink)
pica5104 Jetgirls Member Join Date: Oct 2006 Location: Phoenix, AZ Posts: 146 Recipes: Thanks: 0 Thanked 0 Times in 0 Posts	Re: Article about Mesa's woes we know someone that quit Mesa WAY BEFORE the contract was up and they never went after him. *Knock on wood* James had an interview with Comair and got the job! Mesa sent out e-mails to the bottom 400 on the seniority list stating that if the company lost the law suits that they would be furloughed. (WARN letter) I am keeping my fingers crossed that they are still around for me to use the buddy pass! lol __________________ ~Pauline~ ~~Love is when you take away all the feeling, the passion, the romance, and find that you still care for the person.~~

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)