Originally Posted by
TurbineTime
So let me get this straight... You are a regional airline pilot at envoy, but have sources inside RAH, AAG and the Brazilian Bank? And you have insider knowledge of the imminent bankruptcy at RAH?? And you also know details of contracts to purchase aircraft at an airline you do not work for? Im sorry but I just can't believe that. Especially considering you are a known envoy cheerleader and the "facts" you claim to know would only benefit envoy. Sorry but unless you can prove what you say with actual facts, your story doesn't add up.
He's correct. BNDES wasn't going to loan RJet the funds without a guarantee. The flying that AMR gave to RJET was part of the guarantee along with (my understanding) a promise to pay if RJET defaulted. In the document it was also disclosed that AMR could take those aircraft and redeploy them elsewhere if RJET didn't meet certain performance criteria.
This was documented in the bankruptcy by APA, I forget exactly why. I believe it's in this document from the SEC, but I'm unable to download it on my iPad.
fundingagreementredacted
My personal opinion is that as long as RJET continues to operate (and I personally hope and believe you will), they will continue to fly the 175 for AAG. The rumor at Envoy is that AAG might redeploy 3-5 175s next summer while until RJET is able to operate its full schedule again.
Extending from that is the 175 options for RJET where not executed, but those delivery slots will be converted to Envoys to accelerate there fleet reorganization plan.