Is ExpressJet that bad?
#191
Banned
Joined APC: May 2018
Position: Meat in the seat
Posts: 8
Eagle is still around, though now Envoy. ACA and Comair were a different time- ACA after 9/11, Comair the tail end of the "great recession" when you could look under any overpass near an airport and find 12 out of work pilots. It took Endeavor over a year to absorb the RJ flying- the challenge is finding qualified captains. Not sure who would absorb 100+ worth of 145 flying right now when regionals are struggling to find pilots. I've never seen airlines so desperate for fresh meat to fill seats. Most are paying for RW pilots to get the FW time necessary for a R-ATP. While we are still top heavy, even the costs are coming in line.
You can't ignore history, but don't drive by looking in the rearview mirror. But you are right that $100 oil may throw a wrench in things.
You can't ignore history, but don't drive by looking in the rearview mirror. But you are right that $100 oil may throw a wrench in things.
Cost will be inline with projections when Exjet is gone and sgu is free of the union and our contract comparison.
I think you meant REGIONAL airlines are struggling to find meat.
The legacy’s are doing just fine
#193
Banned
Joined APC: May 2018
Position: Meat in the seat
Posts: 8
Reality
Pilots are a variable expense that can be manipulated, (canned and rehired @ non union shop @ first year pay) vs. fixed costs such as fuel, insurance and asm’s.
I am not here to pi$$ on anyone’s career expectations but when I see this rampant cheerleading about a proposed purchase option, it just makes me think there’s a presence here that wants to dilute the truth.
Focus on the maths and the truth will be revealed.
Sgu doesn’t like you, they like $ and you cost too much !!!
#194
Gets Weekends Off
Joined APC: Mar 2005
Posts: 1,888
I was comparing costs to other regionals in general as they are forced to increase their costs to attract pilots. I do think our costs are being hurt by the shrinking. As we get smaller the senior pilots become a larger percentage of our workforce. I rarely fly a CRJ with an FO less than 10 years.
#196
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Joined APC: Mar 2005
Posts: 1,888
I agree. It’s overdue. I think you will see all the legacies with their own WO’s, then a few mega regionals. Inc (almost threw up in my mouth), maybe Republic. Others will be assimilated, or at least their pilots will be.
#197
Banned
Joined APC: May 2018
Position: Meat in the seat
Posts: 8
Rationale
Unfortunately, exjet won’t be a part of anyone’s consolidation.
No aircraft, no equipment, (other than simulators) and no real estate.
Exjet is basically a crew leasing company that is losing pilots to the competition and legacy’s, in that order.
Even though the legacy’s will have recruitment problems within 5-10 years, there’s still almost 10,000 regional pilots to draw from.
That kicks the can for them.
The c series mitsu, and 175\190 will most likely be mainline aircraft.
No aircraft, no equipment, (other than simulators) and no real estate.
Exjet is basically a crew leasing company that is losing pilots to the competition and legacy’s, in that order.
Even though the legacy’s will have recruitment problems within 5-10 years, there’s still almost 10,000 regional pilots to draw from.
That kicks the can for them.
The c series mitsu, and 175\190 will most likely be mainline aircraft.
#198
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Joined APC: May 2017
Posts: 2,145
Pretty common in a capital lease for the ownership to revert to the lessee at the residual value of the aircraft. Wells Fargo wouldn’t want to own the 145’s and would have set the residual conservatively low. I suspect UnitedContinental used the aircraft to raise cash during a period when cash was needed. Now, as leases end, the ownership is reverting. All this should be in their annual report.
#199
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Joined APC: Oct 2016
Posts: 592
Pretty common in a capital lease for the ownership to revert to the lessee at the residual value of the aircraft. Wells Fargo wouldn’t want to own the 145’s and would have set the residual conservatively low. I suspect UnitedContinental used the aircraft to raise cash during a period when cash was needed. Now, as leases end, the ownership is reverting. All this should be in their annual report.
#200
Gets Weekends Off
Joined APC: Oct 2015
Posts: 472
It is a neutral thing. Just one part of their strategy.
In the old world, the majors owned (or leased) all the airframes and found a staffing agency to crew them. The only exception to that model is SKYW airlines. SKYW owns (or leases) almost all airframes. There are a handful that are DL owned.
That provides more leverage for SKYW to negotiate with cash strapped majors and provides more stability to the employees as it is much harder to whipsaw.
Everyone else pretty much staffs aircraft that are owned by AA, DL or UA.
In the old world, the majors owned (or leased) all the airframes and found a staffing agency to crew them. The only exception to that model is SKYW airlines. SKYW owns (or leases) almost all airframes. There are a handful that are DL owned.
That provides more leverage for SKYW to negotiate with cash strapped majors and provides more stability to the employees as it is much harder to whipsaw.
Everyone else pretty much staffs aircraft that are owned by AA, DL or UA.
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