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-   -   Will ExpressJet survive this? (https://www.airlinepilotforums.com/expressjet/128757-will-expressjet-survive.html)

klondike 04-25-2020 11:27 AM


Originally Posted by DBono (Post 3041132)
Are they in bad shape?.

I wouldn’t characterize them as being in “bad shape.”
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.

SeeYa 04-25-2020 11:30 AM


Originally Posted by klondike (Post 3041291)
I wouldn’t characterize them as being in “bad shape.”
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.

there are single FMS XRs?

DirkDiggler 04-25-2020 11:33 AM

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.

Melit 04-25-2020 11:46 AM


Originally Posted by DirkDiggler (Post 3041301)
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.

UA didn’t acquire for 60 mil. Skywest loaned Kair Enterprises 26 mil to buy Majority interest.

DirkDiggler 04-25-2020 12:24 PM


Originally Posted by Melit (Post 3041309)
UA didn’t acquire for 60 mil. Skywest loaned Kair Enterprises 26 mil to buy Majority interest.

I can't remember the exact details so I referenced the 8K filing. There were two agreements, an asset sale for $58 million and a stock sale of all outstanding shares for $13 million.
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.

DBono 04-25-2020 12:29 PM


Originally Posted by klondike (Post 3041291)
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.

Yea, my preference for the XR is strictly from a selfish pilot perspective. Agree no discernable difference for pax. But I've spent a fair amount of time on 50 seaters as a passenger in my previous life and I would place the 145 way above the CRJ200 from a pax comfort perspective. Maybe it's just that I prefer window seats and the -200 has the well-known infringement on shoulder room that was fixed by lowering the seats on the -700/900. I always loved the single seat side of the 145.

Southern Fried 04-25-2020 02:12 PM

All XRs are dual FMS. 1st three XRs came immediately after the last LR delivery in October of 2002.

sMFer 04-25-2020 02:41 PM


Originally Posted by Melit (Post 3041131)
The PBR was going down!

Hey Grandpa....

"Meatloaf!!!!!"......

Sent from my Pixel 3a using Tapatalk

trip 04-25-2020 06:36 PM


Originally Posted by DBono (Post 3041326)
Yea, my preference for the XR is strictly from a selfish pilot perspective. Agree no discernable difference for pax. But I've spent a fair amount of time on 50 seaters as a passenger in my previous life and I would place the 145 way above the CRJ200 from a pax comfort perspective. Maybe it's just that I prefer window seats and the -200 has the well-known infringement on shoulder room that was fixed by lowering the seats on the -700/900. I always loved the single seat side of the 145.

They lowered the floor but also made the frames different so they don’t protrude out from the side as far, makes the cabin wider.

C37AFE 04-27-2020 06:42 AM


Originally Posted by DBono (Post 3041132)
Are they in bad shape? Honest question. At least all 36 are XRs. I'm assuming they're all dual FMS? I hope. According to this
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.

all dual fms. All like to be restricted to fl250 and or 250kts. Enjoy


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