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Old 12-04-2015, 11:11 AM
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cf105
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Joined APC: Nov 2013
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Originally Posted by unity2015 View Post
Rjet decreases flying

Republic Airways has reached a tentative agreement with its mainline partners to cancel commitments for 24 Embraer 175 aircraft, says chief executive Bryan Bedford.
The move is the result of protracted labour negotiations with the Indianapolis-based regional carrier’s pilots, which came to a head in July when the International Brotherhood of Teamsters (IBT) filed suit against the carrier. Since then, it has faced a net deficit of about 40 pilots per month as far more cockpit crewmembers left the airline than could be recruited.
“We’re in a position where our franchise has been badly damaged and, despite all of our best efforts, it won’t be fully healed quickly,” says Bedford during an earnings call today. “ expect the future size of our operation will be smaller than where we are today.”
Pilots at Republic ratified a new three-year contract in October, however, staffing levels are not expected to return to normal for some months.
Republic had outstanding orders for 55 E175s at the end of September, including six for American Airlines with deliveries through the first quarter of 2016 and 49 for United Airlines with deliveries through the third quarter of 2017.
Bedford and other executives say the most acute impact from the pilot deficit will be felt in the fourth quarter and first quarter of 2016 but decline to provide further details on the commitments.
Five of the E175s are likely the aircraft that United said in October that it would shift to Mesa Airlines from an unnamed partner.
American and United should find it easy to place the remaining 19 E175s with other regional operators, including E-Jet operators Compass Airlines, Mesa and SkyWest Airlines.
In addition to the E175 cancellations, Republic is also speeding up the removal of its Bombardier Q400 fleet by about six months and will make temporary E-Jet flying reductions with two of its partner carriers through first quarter
When you quote or copy paste an article, always include source, published date, link. Just gives more veracity to your byline.
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