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Old 07-28-2015 | 09:01 AM
  #131  
bozobigtop
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Joined: Sep 2009
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Originally Posted by Skyvector
Guys, this is serious. I'm not one to normally predict that an airline will fail or that the "writing is on the wall" or any of that.

But this is legit. Anyone who knows anything about airline history and in particular the specifics of what happened to Pan-Am, Eastern, and Braniff will know that Republic is on borrowed time.

Assests don't mean much in a situation such as this one. Look for much of it to be sold off soon in a desperate attempt to raise some emergency cash. Then that money will vaporize within a quarter and more assests will be sold off. Soon enough Republic will simply close its doors. Just like that.

It happened to Pan Am. They sold of asset after asset throughout the 80s in an effort to rebound....mainly to United. Then came Delta, and all seemed well for about 2 months. Literally, 2 months is all it took for "the world to change" . Those were Delta's exact words.

Then one day Pan Am pilots were in their training center in the Sims like any normal day when the call came. Pack all your stuff and get the hell out. Pan Am is finished. Everybody literally had to jump out a side door into bushes to get out of the building because the front doors were already chained shut when hey got there.

Point is, read up and educate yourselves on airline history and how these things work. It would take a miracle for Republic to pull out of this. A miracle and possibly a merger. And a merger would be nasty. Read up on the precedent set in the 80s regarding "expectations" when it comes to seniority mergers.

I would advise Republic pilots to get out now while you still have a chance to accrue seniority elsewhere. If you are not at Republic, don't go.
Pan Am, Braniff, and Eastern sealed their own fates through poor management, economies, and geopolitical issues. Contract flying wasn't one of those issues. Today's regional airlines and out of business legacy carriers have nothing in common except being out of business!
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