Originally Posted by
Pnclpurgatory
I'm just going to say it clear, y'all are going into Bk(and you are not getting a burger out of it!). Contract or not, it's going to happen.
I don't know how bad the financial issues are but, nobody has spoke about liquidation and the cease of operations. I mean, could this be a possibility?
No I very much doubt it.
First, they have a viable business. They have assets that are worth quite a bit nowadays - pilots; and they have the legal structure of several 121 operating certificates.
If anything, a purchase/merger by another regional would make sense. Similar to what happened in the AA/US merger. AA went "bankrupt" to shed liabilites and lost control of the company to US/Wall Street who threw money at it and gained control.
SkyWest doing the purchase would make a lot of sense; they'd wrap up a very large portion of the contracted lift flying with the purchase of Republic, while owning SkyWest, ASA, and XJT. It's unfortunate those pilot groups can't get on the same page; they'd have huge bargaining power and really be able to effect wages upward.