Originally Posted by
ToiletDuck
No it didn't. The huge loss taken with branded is what lowered the value of XJT to the point where CAL was pushing for it to be sold so it wouldn't go bk and be unable to fulfill it's contractual agreements.
The 10 aircraft were there as part of your contract. That contract was agreed to prior to the CRJs leaving. When the CRJs were obtained for their two year lease it was agreed with CAL how they would be taken out of service and replaced by CHQ 145s. With the shrinking of the markets CAL has simply decided to cut back regional flying as well. The CRJs leaving made this very easy for CAL. CHQ recently pulled 5 aircraft from CAL and sold them to a Mexican airline. Those 5 aircraft along with the flying left over from the CRJs leaving is being replaced by CHQ ERJs coming from our United and US Airways sides when those contracts end later this year.
I said branded in the form XJT was flying did not appear to be feasible and after looking at the massive losses the company was taking it was only a matter of time before XJT either closed it or went BK. Considering XJT is basically a staffing company that meant they'd have to close branded. Had they declared BK they would have been in jeopardy of paying call the lease rates on the planes. CAL would have most likely moved the aircraft to SKYW and CHQ which have stronger financials.
I never said I wanted the thread closed at all I just said I wanted you to PM me. You said you would so lets have it. If not I guess it's time the penny dropped and we find out how full of it you've really been from the start. Sorry your feelings have been hurt but that's no reason to make things up in some lame attempt to character assassinate someone. I've never shown you that disrespect and don't expect it in return. Maybe I expect to much.
My gosh, you just don't know when to quit!
The CPA is for 204 aircraft, with the option for CAL of dropping that to 190 by the summer. Now working here, I think I know a little more seeing as we get the memos and you don't. The extra 10 aircraft were kept in place to cover the gap being left behind by the CRJ's as they (CAL) has determined they needed the feed after all, hence those are operating outside our CPA as per our quarterly report totaling 214 aircraft for CAL.
Targets were set by accounting for Branded, and all of them were met, look at the annual report (2008), what caused the loss just as it did for all other stand alone carriers was the fuel factor....you know that.
Whether or not you implied that you wanted us gone is besides the point. I'm too lazy to look up the threads, but you did say that branded would cause us to go into bankruptcy....it didn't.
There, happy now? Can we get back on topic now?