Originally Posted by
TurbineTime
I get it. Republic spent the last 2 quarters paying down debt early. There are no payments to make on the aircraft in question. They are booked through February with new hire classes and attrition has dramatically slowed, staffing will improve. And the number of delta painted birds almost perfectly equals the number of cancelled ejet orders, the delta aircraft will be moved over to replace those cancelled orders. It all makes sense and Bedford gets rid of the 145's to help with staffing.
No you don't get it. If Republic can't fulfill its contractual obligation with Delta, Delta can stop paying them. Republic does not own their airplanes without loans due on them. In fact Republic has over $2 Billion in loans due on their airplanes.
I guess you don't understand what happened to Mesa in 2009 and how that could happen at Republic.