US airways is in a WIN/WIN deal here. They extend MESA'S CPA, offering to pay rates that are significantly lower than pre BK, then they let MESA continue to spiral down with what is certain to be a failed emergence from BK since the payment obligations after BK exit are higher than MESA can possibly sustain. Anyone who has done the financial analysis knows I am correct.
Eventually MESA will liquidate operation. All pilots and FA's are let go. Obviously no other airline is interested in MESA crews since they are probably the least valuable and unlikely to be of any interest as far as integration ( Those of you who have insight know what I am talking about without going into detail (Go jets/freedom airlines employees). I seriously doubt any airline would want to touch that group. Only the 900's are of any value. Previously there was a dollar value attached to the CPA with USAIRWAYS but any "REAL" airline would never be able to operate under such a deal thus the CPA would have to be renegotiated.
USAIRWAYS CPA negotiator should get a bonus for this. Basically USAIRWAYS gets bottom rate regional feed from a defunct operation, then when they liquidate they simply take the money they saved ( and made millions in interest) and enter into a CPA with a viable regional airline.
BRILLIANT!
Sentiment : Strong Buy Copy; yhaoo board by trajan 77
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