flyguy84 wrote:

JO looks like he's running out of cash to keep that place afloat so he's trying to cash out while he can...

airtran737 wrote:

I wonder what this festering turd will sell for.

UPlog wrote:

Mesa has been doing real well recent years.

Besides earning profits, they also have consistently been on top of the pack among their regional peers in DOT OT numbers. I even recall United awarded them some status like "regional partner of the year" for their strong performance.

ericm2031 wrote:

How is their staffing doing? Sometime last year I saw something that for 1 weekend there were dozens of UA flights that were unstaffed as of Friday afternoon that weekend.

UPlog wrote:

Mesa has been doing real well recent years.

Besides earning profits, they also have consistently been on top of the pack among their regional peers in DOT OT numbers. I even recall United awarded them some status like "regional partner of the year" for their strong performance.

airtran737 wrote:

I wonder what this festering turd will sell for.

5% of shares for $150mil.

Thats a handsome return for investors and employees that hold shares.

alasizon wrote:

The UA side of the operation does better than the rest of UA but Mesa as a whole is still terrible performance wise. They are consistently at the bottom when it comes to larger AA regional carriers; particularly when you factor out ATC & WX delays that hamper the east-coast carriers.

flyguy84 wrote:

Mesa doesn’t release financials as it’s privately held. So everyone on here claiming that they are “profitable” has not a clue.

LAXintl wrote:

For the IPO about 5% of shares will be sold.

LAXintl wrote:

In addition as part of its IPO filing, Mesa has filed audited financial statements and traffic numbers going back to 2013.

LAXintl wrote:

Mesa now estimates it will raise between US$150-171 million in its IPO, via an offering of shares at $14-16 each.

janders wrote:

Done deal. They apparently reduced the offering at the end offering to 9.6mil shares for $115mil.

Now being traded on Nasdaq under MESA symbol.

INFINITI329 wrote:

i always thought Mesa was a prime takeover target for Skywest.

usflyer msp wrote:

I will never forgive them for the Aloha Porngate.

I have to spit every time I say their name.

janders wrote:

Done deal. They apparently reduced the offering at the end offering to 9.6mil shares for $115mil.

Now being traded on Nasdaq under MESA symbol.

usxguy wrote:

usflyer msp wrote:

I will never forgive them for the Aloha Porngate.

I have to spit every time I say their name.

Why do you say that? the people in charge of doing fares and revenue management *NEVER* saw any data from AQ or HA.... or had direct guidance from top leadership.

Maybe it was the fact AQ had people who were close to retirement doing those tasks, and AQ was not very keen on learning how to compete? Maybe they were used to being on autopilot and never challenged?

usflyer msp wrote:

usxguy wrote:

usflyer msp wrote:

I will never forgive them for the Aloha Porngate.

I have to spit every time I say their name.

Why do you say that? the people in charge of doing fares and revenue management *NEVER* saw any data from AQ or HA.... or had direct guidance from top leadership.

Maybe it was the fact AQ had people who were close to retirement doing those tasks, and AQ was not very keen on learning how to compete? Maybe they were used to being on autopilot and never challenged?

You misunderstand what I mean by Aloha Porngate. I don;t know how their management survived this:
https://blog.chron.com/lorensteffy/2007/09/the-porn-defense-will-it-fly-at-mesa/

YV and HA ended up settling for 53 million dollars but I personally believe that YV's scumbag management knew exactly what they were doing...

alasizon wrote:

INFINITI329 wrote:

i always thought Mesa was a prime takeover target for Skywest.

I can't foresee Skywest Inc wanting to acquire YV as the aircraft MX doesn't stand up to Inc's standards. They would likely be willing to hire the pilots and take over the contracts by replacing them with planes of their own but it would take a lot for Inc to acquire YV's aircraft.

That being said, rumor has it that YV is looking for a takeover by someone. Maybe they will combine with EV and then UA will purchase the combined carrier for their wholly owned. The AA flying would have to be divested but I see no reason that OO wouldn't be willing to take over that flying.

INFINITI329 wrote:

alasizon wrote:

INFINITI329 wrote:

i always thought Mesa was a prime takeover target for Skywest.

I can't foresee Skywest Inc wanting to acquire YV as the aircraft MX doesn't stand up to Inc's standards. They would likely be willing to hire the pilots and take over the contracts by replacing them with planes of their own but it would take a lot for Inc to acquire YV's aircraft.

That being said, rumor has it that YV is looking for a takeover by someone. Maybe they will combine with EV and then UA will purchase the combined carrier for their wholly owned. The AA flying would have to be divested but I see no reason that OO wouldn't be willing to take over that flying.

How much work realistically would take to bring the CR9 & E175 to "OO Standards"? I cant seeing it being that much work assuming YV mx records are in order.

alasizon wrote:

INFINITI329 wrote:

alasizon wrote:

I can't foresee Skywest Inc wanting to acquire YV as the aircraft MX doesn't stand up to Inc's standards. They would likely be willing to hire the pilots and take over the contracts by replacing them with planes of their own but it would take a lot for Inc to acquire YV's aircraft.

That being said, rumor has it that YV is looking for a takeover by someone. Maybe they will combine with EV and then UA will purchase the combined carrier for their wholly owned. The AA flying would have to be divested but I see no reason that OO wouldn't be willing to take over that flying.

How much work realistically would take to bring the CR9 & E175 to "OO Standards"? I cant seeing it being that much work assuming YV mx records are in order.

Honestly, a lot more than you would think. Years of neglect leads to extremely worn parts and OO has a focus on fixing problems, Mesa has a focus on patching the aircraft up using NEFs/CDLs/MELs to get it through as long as they can. I've never seen a Mesa engine pass boroscope inspection. It would probably take all new engines, new interiors, new cockpit screens (Mesa's are burnt in), new PSUs, etc. The aircraft condition is a big difference when you look at it. Its probably cheaper (and better for OO) to work out a deal with BBD for some of the newest CR9s with the new Atmosphere interior. BBD would more than be willing to give a good deal for an order of that size.