Will ExpressJet survive this?
04-24-2020, 11:56 AM
#451
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Posts: 1,358
Originally Posted by Longhornmaniac8
I don't have a direct answer to this, but take a step back and approach it from a pragmatic perspective. If there wasn't a way, would they still be in negotiations nearly 3 weeks later? Conventional wisdom would dictate at this point it's the details being sorted out, not the basic question of if.
I can speak for YX and say they're currently negotiating a valuation of the company and waiting for our stakeholders to approve a change to our bylaws that allows us to issue an equity stake to the Treasury.
There's almost always a way.
I can speak for YX and say they're currently negotiating a valuation of the company and waiting for our stakeholders to approve a change to our bylaws that allows us to issue an equity stake to the Treasury.
There's almost always a way.
04-24-2020, 12:09 PM
#452
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Joined APC: Sep 2019
Posts: 176
Originally Posted by Itsajob
I don’t know either, but people running around saying that XJT will be around as long as United is are selling a false hope. XJT could survive, thrive, or fail during this mess. With the comments made by United about 50 seat flying, and the devastating impact on the airlines that this pandemic has caused, XJT is far from a sure bet.
04-24-2020, 12:11 PM
#453
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Posts: 763
Originally Posted by Tilem
How will Republic pay the notes on those when the CARES act only pays for about 75% of wages and nothing towards operating expenses?
Did Republic inflate their asking amount? Would think their ask is significantly above $100M?
Can Republic file bankruptcy again since they already filed a few years ago?
Did Republic inflate their asking amount? Would think their ask is significantly above $100M?
Can Republic file bankruptcy again since they already filed a few years ago?
We asked for $271 million and received $206 million. That was equal to the 74% pro-rata everyone else received. I don't believe there was a way to "inflate" an asking amount as it was based on readily-verifiable payroll data from last year.
No idea about the bankruptcy. I don't think that is an imminent concern.
04-24-2020, 02:01 PM
#454
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Joined APC: Jul 2018
Posts: 873
Originally Posted by sMFer
Another simple question. Why does a 50+ year old regional lifer troll other regional airline boards.
“Mom!!!!.....meatloaf”
You better run.
“Mom!!!!.....meatloaf”
You better run.
04-24-2020, 02:09 PM
#456
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Joined APC: Dec 2019
Posts: 1,328
Originally Posted by Melit
What does your CEO say about the loan??
*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........
Meh.....you can come, too.
04-24-2020, 02:21 PM
#457
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Joined APC: Mar 2018
Posts: 1,358
Originally Posted by ReadOnly7
My soon-to-be CEO said he doesn’t foresee any 50-seaters operating after this is all over. (To paraphrase)
*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........
Meh.....you can come, too.
*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........
Meh.....you can come, too.
04-24-2020, 02:29 PM
#458
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Joined APC: Jul 2018
Posts: 873
Originally Posted by ReadOnly7
My soon-to-be CEO said he doesn’t foresee any 50-seaters operating after this is all over. (To paraphrase)
*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........
Meh.....you can come, too.
*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........
Meh.....you can come, too.
04-24-2020, 03:03 PM
#460
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Joined APC: Jul 2018
Posts: 873
Originally Posted by UnitedExpress
I guess you meant United’s 49% and Mana Air (UAL investors group) 51%.
XJT is in pretty good shape financially compared to some other UAX carriers.
XJT is in pretty good shape financially compared to some other UAX carriers.
Would SkyWest take the company over again since UAL can’t own a regional?
Last edited by Melit; 04-24-2020 at 03:26 PM.
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