May 15, 2008 at 9:31 pm
Air Midwest out of Phoenix will cease flying this month. They operated 20 Beech 1900 aircraft and were a subsidiary of Mesa Air.
By: Whiskey Delta - 29th May 2008 at 05:43
You seriously don’t like Go! and/or Mesa do you!?
Why should I or anybody else? The stock price is an excellent indicator of what the public thinks of his job/company performance. Go! is the single biggest money loser for Mesa and Jonathan Ornstein won’t shut it down most likely out of foolish pride. He use to be the President of our company years ago and was asked to not come back after he left. CO officers/managers have gone out of there way to not deal with him ever.
By: cloud_9 - 27th May 2008 at 15:40
Jonathan Ornstein has intentionally run his operations in a lot of cases at a significant loss trying to run other airlines out of business.
How about shutting down Go! which has done nothing but cost Mesa Air Group Million$ and Million$ since they started that operation?
You seriously don’t like Go! and/or Mesa do you!?
By: Newforest - 26th May 2008 at 19:24
Whiskey Delta.
Looks as though your wish may be realised!:)
http://www.bizjournals.com/phoenix/stories/2008/05/19/daily65.html?surround=lfn
By: Whiskey Delta - 17th May 2008 at 16:42
Mesa is gasping for air right now. Their stock is nearly worthless leaving their market capital at $15.35 Million. A whole airline worth $15M?
Jonathan Ornstein has intentionally run his operations in a lot of cases at a significant loss trying to run other airlines out of business. So now that practice is really killing his airline as oil prices have climbed too quickly. Now his new great idea is to issue millions of new shares of company stock to try and raise money to buy them more time. Well, perhaps if he wasn’t the scourge of the airlines for so long he wouldn’t be in the position he’s in now. You can’t run an airline on future promises.
I don’t think that shutting down Air Midwest will really help them that much. The routes they operated with those aircraft were Government Essential Air Service program cities. Basically the government subsidizes the operational costs so airlines will offer service to small towns. So Ornstein shutdown a gov. subsidized operation to save money? How about shutting down Go! which has done nothing but cost Mesa Air Group Million$ and Million$ since they started that operation?
By: Newforest - 16th May 2008 at 23:01
You seem to have a thing about Mesa WD! Reading between the lines, it looks as though Mesa have been rather clever in dumping AM before they became a real liability and cost them a lot of money.
By: Whiskey Delta - 16th May 2008 at 22:46
Mesa had their hand in Aloha going out of business so perhaps them losing a division of their company (albeit small) is a bit of karma?
By: steve rowell - 16th May 2008 at 02:36
Sign of the times ..won’t be the last i’m afraid!