Mesa wants to Buy Control of USAirways

lucky81698 · 03-11-2005, 07:16 PM

roz · 03-11-2005, 09:10 PM

Yes it's ironic isn't it? A few years ago Mesa couldn't afford planes to fly for U. U had to buy them and lease them to Mesa through their leasing division. That's how U made money on the deal, despite the pay for departure arrangement.

But...

A month ago JO put out a press release saying he thought US Airways was going to go out of business and Mesa was searching for other options. Now, JO is willing to put up Mesa's operating cash to buy an airline that a month ago he thought was doomed. Which way is it JO? Is US Airways going out of business or is U a sound investment?

Is he just blowing smoke since he knows he has to now put up equity to maintain the contract? He should have put up equity when his sweet deal was financed in the beginning--but that's U's fault, not his!

And yes, it's sad isn't it?

roz · 03-12-2005, 06:32 AM

Oh, and look to see the great FLL expansion downsized more than it already was in the first month of operation.

Updated article on Mesa:

http://www.post-gazette.com/pg/05071/470243.stm

03-11-2005, 07:16 PM	#1 (permalink)
lucky81698 Jetgirls Ol' School Member Join Date: Jan 2004 Location: 1 Posts: 868 Recipes: Thanks: 1 Thanked 2 Times in 2 Posts	Mesa wants to Buy Control of USAirways usair story Jan

03-11-2005, 09:10 PM	#2 (permalink)
roz Jetgirls Ol' School Member Join Date: Oct 2003 Location: Philly Posts: 2,252 Recipes: Thanks: 0 Thanked 6 Times in 6 Posts	Re: Mesa wants to Buy Control of USAirways Yes it's ironic isn't it? A few years ago Mesa couldn't afford planes to fly for U. U had to buy them and lease them to Mesa through their leasing division. That's how U made money on the deal, despite the pay for departure arrangement. But... A month ago JO put out a press release saying he thought US Airways was going to go out of business and Mesa was searching for other options. Now, JO is willing to put up Mesa's operating cash to buy an airline that a month ago he thought was doomed. Which way is it JO? Is US Airways going out of business or is U a sound investment? Is he just blowing smoke since he knows he has to now put up equity to maintain the contract? He should have put up equity when his sweet deal was financed in the beginning--but that's U's fault, not his! And yes, it's sad isn't it?

03-12-2005, 06:32 AM	#3 (permalink)
roz Jetgirls Ol' School Member Join Date: Oct 2003 Location: Philly Posts: 2,252 Recipes: Thanks: 0 Thanked 6 Times in 6 Posts	Re: Mesa wants to Buy Control of USAirways Oh, and look to see the great FLL expansion downsized more than it already was in the first month of operation. Updated article on Mesa: http://www.post-gazette.com/pg/05071/470243.stm

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