Will ExpressJet survive this?
04-25-2020 | 11:27 AM
#491
Gets Weekends Off
Joined: Sep 2011
Posts: 352
Likes: 0
From: in a Big Box that moves back,forth, up, down and makes cool sounds
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.
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.
04-25-2020 | 11:30 AM
#492
Thread Starter
Gets Weekends Off
Joined: Sep 2019
Posts: 176
Likes: 0
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.
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.
04-25-2020 | 11:33 AM
#493
Gets Weekends Off
Joined: Sep 2011
Posts: 707
Likes: 0
From: lav dumper
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.
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.
04-25-2020 | 11:46 AM
#494
Banned
Joined: Jul 2018
Posts: 873
Likes: 0
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.
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.
04-25-2020 | 12:24 PM
#495
Gets Weekends Off
Joined: Sep 2011
Posts: 707
Likes: 0
From: lav dumper
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.
Last edited by DirkDiggler; 04-25-2020 at 12:41 PM.
04-25-2020 | 12:29 PM
#496
Gets Weekends Off
Joined: Sep 2017
Posts: 101
Likes: 0
From: Whole lotta sitting
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.
04-25-2020 | 06:36 PM
#499
Gets Weekends Off
Joined: Sep 2009
Posts: 2,429
Likes: 14
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.
04-27-2020 | 06:42 AM
#500
Gets Weekends Off
Joined: Mar 2018
Posts: 294
Likes: 0
From: sideways
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.
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.
Thread
Thread Starter
Forum
Replies
Last Post
