Originally Posted by
FirstClass
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?
Seabury has been a partner with RAH management for some time now, the company released information regarding their presence in order to scare the entire employee group (not just the pilots) in an effort to get votes.
The FO shuffle is not over. If RAH signs a deal with its pilots that raises FO pay by this magnitude it will all but stop new hires from going to the sweat shops like Mesa, which will in turn stop the quick upgrades. No new aircraft have been announced there and the flow of planes to PSA is slowing dramatically. Also, the 145's have yet to show up at PDT. There are pleanty of carriers whose pilots will jump at a higher FO rate. Not to mention the fact that RAH has over 60 aircraft showing up on property for which it can't currently staff. The upgrade party will be huge.
RAH just recently broke ground on a training facility in IND that is nearly 3 times the size of its current space. They paid down 90 million in early debt payments and still have 40-80 c-series aircraft on order. They are testing the waters with this LBFO to see what they can get away with, but they have major plans in store. That is why this vote (if it comes to that) is so important.
The reductions in flying have been temporary so far, the codeshare partners are watching very carefully to see what the next move will be.