Originally Posted by
FlyAstarJets
Hoover,
After a some internet searching around, I guess the trail started with Xtra. At some point, as you reported, the deal was not completed. This led to PEX to go after the assets of Ryan which looked promising. But after some digging on behalf of the PEX group, the FAA was going to deny the bid due to Ryan's suspect of the health of the assets and certificate for rapid resumption of services. PEX was offering $500K (yes, thousand) for Ryan assets, but removed themselves from the bidding Feb. 13, 2014. Now it looks like the likely target for PEX is Sky King. But things seem a bit in flux for PEX with the reported resignation of President Mike Morisi and promotion of Jeff Erickson formally of Atlas taking over PEX.
FAJ
Yeah, it was my understanding the FAA made it clear to PEX that the only way the Ryan certificate could be resurrected was to use the aircraft that were currently on the certificate, B767's or A330's. Adding the B737 was not in the cards for initial resumption of service, and of course neither of those aircraft fit the PEX business model.