RAH Acquisition
#61
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From: MEC Chairman, Snack Basket Committee
#66
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From: MEC Chairman, Snack Basket Committee
#67
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B) This is a total rumor right now
C) Even if true, this whole process would take awhile
D) likely nothing major will change for compass people except better management
E) pilots are a commodity. the whole reason they would merge, would not be to try to have less pilots. it would be to be more competitive for more...
#68
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Copy, thanks for the response dudes. I know what this forumn is about and is why I want to be there. Other than the west coast flying and fast upgrade of course. I am waiting to see if we actually get an announcement. The last thing I want to do is fly somewhere else.
#69
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On a more positive note, as a CA $5/hr more off the bat and another $9/hr every January for the next two years. Hopefully with the 100 planes on order it makes integrating seniority lists a little less painful
#70
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Republic Airways is nearing a deal to buy Trans States
Another wave of U.S. airline consolidation is here.
Updated with Republic Airways declining to comment.
Republic Airways is nearing a deal to acquire U.S. regional airline Trans States Holdings, according to three people briefed on the matter.
The merger of the second and third largest regional airlines would mark another major consolidation in the U.S., where regional carriers have struggled to stay afloat amid a severe shortage of qualified aviators.
The pair recently signed a Memorandum of Understanding establishing the preliminary terms for the acquisition, according to two of the people briefed on the talks. A formal announcement is expected as early as later this month. Both companies are privately held.
A spokesman for Indianapolis-based Republic Airways declined to comment. A spokeswoman for Bridgeton, Missouri-based Trans States didn’t immediately respond to a request for comment.
Republic Airways and Trans States Holdings operates Go Jet Airlines, Compass Airlines and Trans States Airlines on behalf of the three largest U.S. airlines. The combined carrier would be roughly 75% of the size of SkyWest Airways, the largest U.S. regional carrier, measured by Available Seat Miles in 2017.
“They’ve got to have a volume game, because their margins are being squeezed” by the three major U.S. airlines, said Henry Harteveldt, founder of the Atmosphere Research Group.
And despite Republic’s profitability, the carrier filed for bankruptcy in 2016 citing the acute shortage of pilots as part of its need to revamp its corporate operations. Republic exited Chapter 11 bankruptcy restructuring in April 2017.
Further, said Harteveldt, “one of of the big benefits is getting access to Trans States pilot corps.”
The union could also have broad implications for the manufacturers of regional jets, removing a customer from the market as part of the overall consolidation. The deal could potentially be a major blow to Mitsubishi’s ambitions to secure a spot for its new Mitsubishi Regional Jet in The U.S..
Trans States holds a commitment for 50 airplanes, but has so far been limited by scope clauses that limit operation of the MRJ90 in the U.S. Trans States, along with Sky West, has options to convert to the 76 seat MRJ70. Republic is exclusively a user of Embraer aircraft and at the Farnborough Airshow signed an agreement committing to 100 additional E175 jets.
Another wave of U.S. airline consolidation is here.
Updated with Republic Airways declining to comment.
Republic Airways is nearing a deal to acquire U.S. regional airline Trans States Holdings, according to three people briefed on the matter.
The merger of the second and third largest regional airlines would mark another major consolidation in the U.S., where regional carriers have struggled to stay afloat amid a severe shortage of qualified aviators.
The pair recently signed a Memorandum of Understanding establishing the preliminary terms for the acquisition, according to two of the people briefed on the talks. A formal announcement is expected as early as later this month. Both companies are privately held.
A spokesman for Indianapolis-based Republic Airways declined to comment. A spokeswoman for Bridgeton, Missouri-based Trans States didn’t immediately respond to a request for comment.
Republic Airways and Trans States Holdings operates Go Jet Airlines, Compass Airlines and Trans States Airlines on behalf of the three largest U.S. airlines. The combined carrier would be roughly 75% of the size of SkyWest Airways, the largest U.S. regional carrier, measured by Available Seat Miles in 2017.
“They’ve got to have a volume game, because their margins are being squeezed” by the three major U.S. airlines, said Henry Harteveldt, founder of the Atmosphere Research Group.
And despite Republic’s profitability, the carrier filed for bankruptcy in 2016 citing the acute shortage of pilots as part of its need to revamp its corporate operations. Republic exited Chapter 11 bankruptcy restructuring in April 2017.
Further, said Harteveldt, “one of of the big benefits is getting access to Trans States pilot corps.”
The union could also have broad implications for the manufacturers of regional jets, removing a customer from the market as part of the overall consolidation. The deal could potentially be a major blow to Mitsubishi’s ambitions to secure a spot for its new Mitsubishi Regional Jet in The U.S..
Trans States holds a commitment for 50 airplanes, but has so far been limited by scope clauses that limit operation of the MRJ90 in the U.S. Trans States, along with Sky West, has options to convert to the 76 seat MRJ70. Republic is exclusively a user of Embraer aircraft and at the Farnborough Airshow signed an agreement committing to 100 additional E175 jets.
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