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You'll be hearing more and more from him as GoJet receives bad news. |
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Jeezuz. For crying out loud, will you please get with the program already? No one on this forum is suggesting categorically that ExpressJet will be extinct. What people are trying to tell you is that chances are better than even that XJT will come out of this mess significantly smaller than it is now. You sure as death are not going to be flying all 36 of those dilapidated ex-Transstates Fred Flintstone-mobiles when the dust settles on this mess. Wake Up |
The 175’s that XJT were flying are actively transferring to SkyWest. Are the 145’s that TSA was flying actually transferring to XJT, are they currently going through maintenance inspections before they transfer, or are they parked right now while United decides if they want to keep them?
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https://sites.google.com/site/united...fleet-tracking they are all 2002-2004 airplanes, so newer than most of the XJT LR fleet. I was sort of hoping XJT could park all the single FMS airplanes, then as many LRs as possible and just operate XRs for a while. All nice thoughts since it won't matter soon anyway. |
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I’m being serious here, well as serious as I can get before I crack another bottle of PBR. What has your CEO said about all this?
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That is, of course, a subjective term. They are 20 year old airframes though that have been used and abused like street-corner *****s. As has been said in other threads, passengers hate them. (50 seat Regional Jets) As for them being XR’s rather than LR’s.... Joe Public couldn’t care less since most, if not at all of them, cannot tell the difference between the two. I don’t know exactly how many of the TransStates birds have dual FMS. |
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There are a lot of armchair CEO’s on this board. The fact is nobody has a crystal ball. This is a supply and demand problem. If the demand doesn’t return, if the public doesn’t feel comfortable when this is over, then market forces will change this industry for the worse.
As far as UA acquiring XJT assets for $60 million, to put that in perspective United revenue for 2019 was $43 BILLION and change. They probably spend 60 million a year on toilet paper and cleaning products, a fart in the bucket. People forget, their primary interest is protecting shareholders, not labor groups. Nobody should be spewing any type of certainty that any regional is safe. This is unprecedented. |
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https://www.sec.gov/Archives/edgar/d...-41793_18k.htm I do see the loan for stock sale and working capital of $26million to KAir https://www.sec.gov/Archives/edgar/d...9-3151_18k.htm But that's not the whole transaction. The asset purchase was separate. This sums it up from the Skywest 10-K Asset Sale On January 11, 2019, pursuant to the terms and conditions of the Asset Purchase Agreement, dated as of December 17, 2018 (the “Asset Purchase Agreement”), by and among the Company, ExpressJet and United, United acquired certain specified assets and liabilities of ExpressJet, including, among other things, aircraft engines, auxiliary power units, rotable spare parts, ground support equipment and flight training equipment for $60.0 million in cash, subject to certain purchase price adjustments (the “Asset Sale”). Certain assets and liabilities of ExpressJet were expressly excluded from the Asset Sale. Stock Sale Additionally, on January 22, 2019, pursuant to the terms and conditions of the Stock Purchase Agreement, dated as of December 17, 2018, by and among the Company and ManaAir, LLC, a company in which United owns a minority interest (the “Buyer”), the Buyer acquired all of the outstanding shares of capital stock of ExpressJet from the Company for $16.0 million in cash, subject to certain purchase price adjustments (the “Stock Sale,” and collectively with the Asset Sale, the “ExpressJet Sale”). To facilitate payment of the purchase price for the Stock Sale, at the closing of the Stock Sale, the Company loaned $26 million to Kair Enterprises, Inc., the majority owner of the Buyer. The Company agreed to lease 16 CRJ200 aircraft to ExpressJet for up to a five year term as part of the transaction. |
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All XRs are dual FMS. 1st three XRs came immediately after the last LR delivery in October of 2002.
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"Meatloaf!!!!!"...... Sent from my Pixel 3a using Tapatalk |
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https://youtu.be/xfLVxx_lBLU
Please watch, it’s rather long but very informative. From actual ER physicians in CA. |
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The entire industry will furlough thousands of pilots. Just like the furloughs after '07 crash and after 9/11 just this time it's 10 times worse. Look around next time up, it may be awhile come September for many. Prepare what if..
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If memory serves me, that would be more than 100% furloughs for the industry. Every single pilot furloughed and even some people not pilots will be furloughed on the pilot seniority list. I recognize it likely will be worse than either of those, but your statement is a bit of hyperbole. |
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Not to sound like an idiot but.....
We know passenger demand is down. Like waaaaayyy down. It probably won’t come back to even 50% what it was until some form of acceptable treatment is found or a vaccine is approved and easily obtained by the general public. For the time being, humans are faced with only one countermeasure of prevention. PPE and physically distancing themselves from one another. Regardless of ones stance on whether or not the reaction to the possibility of getting seriously sick or dying is warranted, it’s evident the vast majority are not willing to take the risk. Commercial aircraft, when filled to capacity, are a biological nightmare and will be a place most people continue to avoid at all cost. Unless they are guaranteed a reasonable amount of personal space. In a perfect world, people would spend more and buy a whole row to themselves to ensure this space. However, given the economic projections of the future, it’s highly unlikely the average person is going to be able to afford fares even close to those of the past, for quite some time. It’s safe to say the airlines already know this. I believe at this point, it’s about saving the brand until we are in a better place one day. The legacies are going to have to hunker down for a couple of years possibly. The only scenario that makes sense for them to operate and continue to fly that banner through the storm is to use smaller aircraft on a higher frequency with a great deal of DOT flexibility. I have no idea how anything with a seating configuration of 3 and 3, is profitable, while respecting the general public’s request for physical distancing. Heck 2 and 2 is even worse since you lose 50% of the seats when you occupy every other. Which leaves the 3 and 2 configuration on the mad dogs and 717 and the 2 and 1 on the E145. These configurations suffer the least capacity reduction when leaving a seat open between passengers. Comparing RJs the E145 can run 70% full leaving a seat open between passengers while the E170/175 is around 53% full leaving a seat open. The 200 and 550 are the same at 50% since it’s a 2 and 2 seat configuration. Doing some rough math, the 145 seems to work best when it comes to maintaining capacity and a possible spacing scenario. Just something to think about. |
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Remember, pax don’t really care if it’s an RJ or Airbus. Its all United to them. DL will definitely win with their 717s and MD90s. |
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