Originally Posted by
gojo
Because it's weird. A very high percentage of airline bankruptcies have had their labor contracts gutted, and I'm not sure calling people fools for not trusting Bedford is appropriate? Did I read that you are still trying to get your time to get hired by Republic, or do I have you confused with someone else? If it's the former, I question your judgement about going to work for a company in bankruptcy?
But it's already a binding judgement, that is a fact. There is 0% chance that it gets changed between now and from the time we exit bankruptcy.
You are indeed correct. I have approximately 1-2 more months left of flying at my current job before I hit 1500 hours. I have already interviewed and received a tentative employment offer which I accepted.
1) As I said above, the Pay CAN NOT be touched.
2) I will be able to be home based at one of their most stable bases
3) I know at least 10-15 pilots, both captains and FO's ranging from ~10 years to December '15 hires that I have all talked with to get a feel for the company. Not one of them has really had a bad thing to say about the company. The only previous gripe was the pay.
I have followed the company prior to BK and all through most of the BK. As it has already been said countless times in this thread and others, while there are a few slight similarities with the others, this BK is really not like the others in the grand scheme of things. The others filed because they couldn't afford not to, Republic filed to increase their bottom line, which had been positive for some time, though very low some quarters.
It's been a while since I saw the exact numbers, but Republic came in with a fleet of approximately 100 Q400's and ERJ-145's on the books. Of those, only approx 20-30 aircraft were actually on property (either sitting or being flown), the rest had all been subleased to other airlines around the world for rates less than what republic was paying.
They have been able to shed a good portion of these aircraft with more to come adding back to their profitability going forward, they have had two contracts amended to pay higher rates with the third coming soon hopefully, staffing has increased, reliability has increased, the pilot contract can't be touched, new aircraft deliveries resuming in 2017... What is so doom and gloom about that?