Source Pravda.Ru

Mesa Air Group worried about agreement breakup

Mesa Air Group, Inc. (NASDAQ: MESA), a commercial aviation holding company, can fall victim to cash crunch if Delta Air Lines Inc puts into action its plan to terminate a service agreement with the former.

The severance of relations will cost Mesa about $960 million in lost sales and $250 - $300 million in leasing costs, labor and other expenses.

Mesa reported that it had not enough finance available to clear off the debt that may lead to serious defaults and make the company seek bankruptcy protection/

In attempt to stop Delta’s plans Mesa filed a lawsuit that is scheduled to begin May 27.

Photo: www.deltatravel.ro

Comments
USA plays to pretend a mighty dragon that can no longer breathe fire
Argentina's coast guard sinks Chinese trawler
Brexit: The UK's misunderstanding of Democracy
USA plays to pretend a mighty dragon that can no longer breathe fire
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy
Presidential and midterm elections in the USA change the 'American project' entirely
Presidential and midterm elections in the USA change the 'American project' entirely
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets