Originally Posted by
zondaracer
Do you realize that GoJet was to receive 29 aircraft from a third party to convert to 550s, and after receiving 16, GoJet returned 3 due to "financial difficulties," and will not be receiving the remaining 13? This is per the 3rd party's 2nd quarter financial statement.
This is true. And for those of you who dont know who he is referring to, it is SKW. The next 20 planes after those were suppose to be leased from YV. But that now seems out the window since GoJet cant pay for them either.
This puts Gojet in violation of their CPA with UA. Their CPA agreement states they would be able to take on x amount of planes financially and convert those planes. Its the only reason UA resigned them back in Dec. The 550 was a Hail Mary by Hula.
It also puts UA in violation of their CPA with YV. They were responsible for finding another UAX carrier to take the 700s on a 1 for 1 swap when the E175s come (starting in Sep). They are not allowed to leave JO holding the bag for purchasing the E175s for them without finding a leasee for the 700s. Now currently JO is in discussions with UA about keeping the 20 planes and converting them for UA in exchange for more flying and moving into ORD and EWR with 550s. While the new Ejets stay in IAD. This amendment would have to be added to the CPA. This is not just a rumor, it has real legs, but a deal has yet to be struck. UA can still find another UAX carrier (possibly ZW) to take on those 700s. So we will see how JO and SK will play this.
Based on the violation of contract it will give UA the right to terminate the CPA on Gojet with just cause. I believe Gojet will be the next domino to fall.