Originally Posted by
TurbineTime
I am not sure where this little bit of wisdom is coming from, but it is not correct. RAH will not go from the 4th most profitable airline in the WORLD to bankrupt in a year. All you are doing is propagating fear that is being pushed out by the company. They can afford much more than what they are offering, they are already sending out feelers in all the bases trying to see what they need to do to sweeten the deal. The language used in the proposal is what is getting the most pushback. I would look for more offers to come in the next few weeks.
And to your later comment that pilots are in to short supply to sustain RAH, even with the current language in the LBFO, FO's would trip over themselves to get here. It's sad but true. 40 dollars an hour to start, trip/ duty rigs, min day and full cancelation pay. Plus we have another 53 e Jet's arriving over the next year. Couple that with the E145 extension and the mystery of the cseries and upgrades will drop sharply with the addition of new hires (currently at 3 years and dropping). People will leave other regionals to get here as fast as they've been jumping to PSA/Compass/Mesa this year. This is just the truth, and I'm a no voter, not trying to sell this.
Republic is going to reorganize. You don't see that? You don't see the airplanes just sitting around with bills to be paid? You don't see the flying has been given away into 2016?
What pilots are you going to attract at 40/hour? Where are they coming from? The great FO shuffle is over. Said FO's will be captains in a year, they are not leaving their current airlines to come sit at republic for a 7 year upgrade or whatever its down to today.
Unfortunately, reorganization has nothing to do with money anymore. It's everything that's wrong with bankruptcy law in this country.
What other explanation is there for seabury?