Recalls
10-31-2020 | 06:59 AM
#93
Gets Weekends Off
Joined: Dec 2019
Posts: 146
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“SkyWest also secured agreements to acquire 21 used CRJ700s in a 50-seat configuration and lease the aircraft under a multi-year term to another regional airline operating for United Airlines. The aircraft purchases and leases are expected to be completed in Q4 2020.”
https://www.kpvi.com/news/regional_n...c6902e71a.html
Which United regional are these 21 planes going to?
https://www.kpvi.com/news/regional_n...c6902e71a.html
Which United regional are these 21 planes going to?
10-31-2020 | 09:08 AM
#95
Gets Weekends Off
Joined: Sep 2015
Posts: 5,531
Likes: 198
From: UNA
“SkyWest also secured agreements to acquire 21 used CRJ700s in a 50-seat configuration and lease the aircraft under a multi-year term to another regional airline operating for United Airlines. The aircraft purchases and leases are expected to be completed in Q4 2020.”
https://www.kpvi.com/news/regional_n...c6902e71a.html
Which United regional are these 21 planes going to?
https://www.kpvi.com/news/regional_n...c6902e71a.html
Which United regional are these 21 planes going to?
11-01-2020 | 08:01 AM
#98
Line Holder
Joined: Jan 2018
Posts: 72
Likes: 0
Maybe having the cash on hand was to avoid something in the short term like bankruptcy? Which doesn't bode well with investors.
I'm no economist, but it sounds like a smart move.
11-01-2020 | 09:44 AM
#99
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Joined: May 2018
Posts: 52
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I'm not sure it was strictly because they couldn't afford them. They sold the planes to Skywest in order to gain a cash infusion to keep the operation running.
Maybe having the cash on hand was to avoid something in the short term like bankruptcy? Which doesn't bode well with investors.
I'm no economist, but it sounds like a smart move.
Maybe having the cash on hand was to avoid something in the short term like bankruptcy? Which doesn't bode well with investors.
I'm no economist, but it sounds like a smart move.
11-01-2020 | 12:30 PM
#100
Gets Weekends Off
Joined: Jul 2019
Posts: 196
Likes: 0
I'm not sure it was strictly because they couldn't afford them. They sold the planes to Skywest in order to gain a cash infusion to keep the operation running.
Maybe having the cash on hand was to avoid something in the short term like bankruptcy? Which doesn't bode well with investors.
I'm no economist, but it sounds like a smart move.
Maybe having the cash on hand was to avoid something in the short term like bankruptcy? Which doesn't bode well with investors.
I'm no economist, but it sounds like a smart move.
1. Compass shut down this year
2. Trans States shut down this year
3. SkyWest was going to lease 29 CRJ700 airframes to GoJet, but GoJet had to return three and could not accept the remaining 13 due to financial issues. This is per the SkyWest earnings statement.
4. Now SkyWest is purchasing 21 airframes from GoJet and leasing them back to them.
Everything else is speculation from the evidence and clues.
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