Originally Posted by PilotFrog (Post 784219)

Kinda funny to see the picture of that C series in Republic paint, that paint scheme flying on any of their other airplanes? Or are they all painted in Delta or United colors? When does our contract with RAH finished? Around 2015 when they first C series is supposed to show up?

Contingencies Related to Termination of Contract Carrier Agreements

We may terminate the Chautauqua and Shuttle America agreements without cause at any time after May 2010 and January 2016, respectively, by providing certain advance notice. If we terminate either the Chautauqua or Shuttle America agreements without cause, Chautauqua or Shuttle America, respectively, has the right to (1) assign to us leased aircraft that the airline operates for us, provided we are able to continue the leases on the same terms the airline had prior to the assignment and (2) require us to purchase or lease any of the aircraft that the airline owns and operates for us at the time of the termination. If we are required to purchase aircraft owned by Chautauqua or Shuttle America, the purchase price would be equal to the amount necessary to (1) reimburse Chautauqua or Shuttle America for the equity it provided to purchase the aircraft and (2) repay in full any debt outstanding at such time that is not being assumed in connection with such purchase. If we are required to lease aircraft owned by Chautauqua or Shuttle America, the lease would have (1) a rate equal to the debt payments of Chautauqua or Shuttle America for the debt financing of the aircraft calculated as if 90% of the aircraft was debt financed by Chautauqua or Shuttle America and (2) other specified terms and conditions.

We estimate that the total fair values, determined as of December 31, 2009, of the aircraft that Chautauqua or Shuttle America could assign to us or require that we purchase if we terminate without cause our contract carrier agreements with those airlines (the “Put Right”) are approximately $200 million and $440 million, respectively. The actual amount that we may be required to pay in these circumstances may be materially different from these estimates. If the Chautauqua or Shuttle America Put Right is exercised, we must also pay the exercising carrier 10% interest (compounded monthly) on the equity the carrier provided when it purchased the put aircraft. These equity amounts for Chautauqua and Shuttle America total $25 million and $52 million, respectively.

Originally Posted by Waves (Post 784222)

I just discovered this great forum. I am a DAL Captain and ex Naval Aviator so I hope to contribute some info here, as well as learn a thing or two from u guys. As Arnold would say, "I'll be back." Waves

Originally Posted by Waves (Post 784222)

I just discovered this great forum. I am a DAL Captain and ex Naval Aviator so I hope to contribute some info here, as well as learn a thing or two from u guys. As Arnold would say, "I'll be back." Waves

Originally Posted by Waves (Post 784222)

I just discovered this great forum. I am a DAL Captain and ex Naval Aviator so I hope to contribute some info here, as well as learn a thing or two from u guys. As Arnold would say, "I'll be back." Waves

Originally Posted by acl65pilot (Post 784262)

New NC
Scrappy -chair
Heiko K
Matt C
Dan V

Originally Posted by BlueMoon (Post 784228)

2019

From the quarterly report: