You're welcome. This case is gonna hinge on some reduction of liabilities thru reduction of lease agreements/returning excess planes and a lawsuit with Delta.
Good news is that one of the rulings that came out earlier this week was good for Mesa...
What happened earlier this week...
Mesa and RACC - Raytheon Aircraft Credit Corporation - worked out a deal for Mesa to return planes and reduce some their liabilities on the balance sheet for @ $14 million...They owed RACC @ $33 million - now that # is cut to $14 million as it stands....could be precedent setting in this case as more leases/contracts are reworked in favor of mesa to reduce it's debt load from other creditors and prepetition liabilities, and shed excess...1st step in the right direction, in my opinion...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.