Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Mesa To Raise Cash By Selling Spare Parts  
User currently offlineAloha73G From United States of America, joined Jul 2003, 2369 posts, RR: 4
Posted (6 years 9 months 2 weeks 3 days 20 hours ago) and read 2002 times:

http://www.honoluluadvertiser.com/ap...REAKING03/80214061/1071/BREAKING03

Quote:
DALLAS --- Mesa Air Group Inc., the parent company of interisland carrier go!, is in talks with five potential customers for $100 million worth of spare parts it may sell to raise cash, according to a report from Bloomberg News Service.

"Liquidity levels could become a concern if cash levels drop much further," Standard & Poor's analyst James Corridore said in a note to investors today. "We believe Mesa is likely to continue to lose money in Hawai'i, a small operation which has become a large drain on resources."

Sounds like things haven't been going very well at Mesa lately. In January go! posted its lowest monthly passenger count, its lowest available seats (reduced schedule) and one of its lowest load factors (58%). Coupled with the HA judgment and impending trial with Aloha, the picture looks rather bleak.

-Aloha!


Aloha Airlines - The Spirit Moves Us. Gone but NEVER Forgotten. Aloha, A Hui Hou!
9 replies: All unread, jump to last
 
User currently offlineCBPhoto From United States of America, joined Dec 2003, 1570 posts, RR: 6
Reply 1, posted (6 years 9 months 2 weeks 3 days 20 hours ago) and read 1983 times:

They could stop paying JO the millions he does not deserve, that might save them a few  dollarsign   dollarsign  , but nah...why kill the only thing killing Mesa?


ETOPS: Engines Turning or Passengers Swimming
User currently offlineBahadir From United States of America, joined Oct 2001, 1824 posts, RR: 10
Reply 2, posted (6 years 9 months 2 weeks 3 days 20 hours ago) and read 1972 times:

What ? They have spare parts? I guess we should expect more of those MELs  Smile


Earthbound misfit I
User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5562 posts, RR: 7
Reply 3, posted (6 years 9 months 2 weeks 3 days 20 hours ago) and read 1953 times:



Quoting Bahadir (Reply 2):
What ? They have spare parts?

 Smile

If I were running the company that will be their supplier, I'd ask for cash payment.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 7
Reply 4, posted (6 years 9 months 2 weeks 3 days 19 hours ago) and read 1896 times:

I say axe go! It appears to have been a mistake and is draining Mesa. Then go ahead and keep the more profitable contract flying that they have, and continue to bid for more CR9 flying.

But this all sounds too easy huh? It is actually too simple. Let's see how things pan out for them FY08



What gets measured gets done.
User currently offlineVictorKilo From United States of America, joined Jul 2006, 315 posts, RR: 0
Reply 5, posted (6 years 9 months 2 weeks 3 days 9 hours ago) and read 1718 times:

If these are spare parts for airplanes that are making their way out of the Mesa fleet, the Air Midwest B1900's, then it is a good business decision. If not, then I fear that Mesa will not be able to provide enough operational planes for its mainline partners, which will help hasten its demise.

User currently offlineOrion737 From , joined Dec 1969, posts, RR:
Reply 6, posted (6 years 9 months 2 weeks 3 days 8 hours ago) and read 1660 times:

What will it take to get them to admit defeat and get their rear end out of Hawai

User currently offlineAloha73G From United States of America, joined Jul 2003, 2369 posts, RR: 4
Reply 7, posted (6 years 9 months 2 weeks 3 days 8 hours ago) and read 1648 times:

go! Losses Triple in Last 3 Months of 2007

http://honoluluadvertiser.com/apps/p...ID=/20080215/NEWS01/802150369/1001

Quote:
Higher fuel and maintenance costs helped triple losses at go! airline during the last three months of 2007.

In a 30-page filing with the Securities and Exchange Commission yesterday, Mesa Air Group said its go! subsidiary had an operating loss of $6.6 million in that quarter, up from a $1.9 million loss in the same period a year earlier.

Since its June 2006 launch, go! has lost more than $26 million in Hawai'i.

$26 million lost on 4 to 5 CRJs. Yikes!!

-Aloha!



Aloha Airlines - The Spirit Moves Us. Gone but NEVER Forgotten. Aloha, A Hui Hou!
User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 7
Reply 8, posted (6 years 9 months 2 weeks 3 days 8 hours ago) and read 1644 times:



Quoting Orion737 (Reply 6):

I think in the end that will happen. At this point honestly, it isn't a fight for Hawaii, it's a fight to keep Mesa Air Group from going under. Note I didn't say chapter 11, they are heading down the road of Independence it seems...



What gets measured gets done.
User currently offlineOrion737 From , joined Dec 1969, posts, RR:
Reply 9, posted (6 years 9 months 2 weeks 3 days 8 hours ago) and read 1637 times:

But the obstinate management have stated they will remain in Hawai till the bitter end. Sheer stubboness will bring down the airline.

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Reuters: CO To Raise Cash In Copa Offering posted Mon Nov 28 2005 16:32:56 by BigGSFO
Air Niugini To Raise Fares By 20% posted Mon Nov 25 2002 03:47:22 by VirginFlyer
Tunisair To Sell 732s And Spare Parts posted Mon Jul 4 2005 18:10:10 by TS-IOR
US To Allow Spare Parts For Iran Air posted Fri Mar 11 2005 23:16:37 by Planenutz
BA: Policy Re GB Flights To Be Flown By Easyjet posted Thu Feb 14 2008 11:31:00 by JerseyFlyer
Judge Orders Mesa To Pay Hawaiian 3.9M Legal Fees posted Fri Jan 25 2008 16:52:01 by HALFA
Mesa To End EAS Flying In MCI/OMA posted Wed Jan 23 2008 10:01:18 by Joeljack
Singapore Airlines To Operate 6 A380s By July posted Tue Jan 15 2008 17:21:53 by SINGAPORE_AIR
Alma ( De Mexico) May Add Up To 15 CRJs By 2008 posted Tue Dec 4 2007 15:23:32 by Juventus
Vietnam Airlines To Order A359 By December 21! posted Fri Nov 16 2007 09:12:56 by KL808