Skywest Acquiring 21 CRJ-550s
#11
Line Holder
Joined APC: Aug 2020
Posts: 28
I agree they did not disclose who they would lease them to. They did disclose who they would not be leasing them to. They stated that after buying them from GJ(only 550 operator) they would be leasing them to ANOTHER operator.
another
[əˈnəT͟Hər]
DETERMINER
used to refer to an additional person or thing of the same type as one already mentioned or known about; one more; a further.
"have another drink" · [more]
synonyms:
one more · a further · an additional · a second · an extra · a spare · a different · some other · not the same · an alternative
used with a proper name to indicate someone or something's similarity to the person or event specified.
"this will not be another Vietnam" · [more]
synonyms:
duplicate · reproduction · twin · double · new · replicate · matching · repeat of · copy of · carbon copy of
used to refer to a different person or thing from one already mentioned or known about.
"come back another day" · [more]
synonyms:
different · other · second · possible · substitute · replacement · deputy · relief · [more]
used to refer to someone sharing an attribute in common with the person already mentioned
Also those 2 letter id's are only useful in their computers or jumpseating, otherwise a regular abbreviation will do just fine for average folks. Unless it makes someone feel special to use those codes. Cheers
another
[əˈnəT͟Hər]
DETERMINER
used to refer to an additional person or thing of the same type as one already mentioned or known about; one more; a further.
"have another drink" · [more]
synonyms:
one more · a further · an additional · a second · an extra · a spare · a different · some other · not the same · an alternative
used with a proper name to indicate someone or something's similarity to the person or event specified.
"this will not be another Vietnam" · [more]
synonyms:
duplicate · reproduction · twin · double · new · replicate · matching · repeat of · copy of · carbon copy of
used to refer to a different person or thing from one already mentioned or known about.
"come back another day" · [more]
synonyms:
different · other · second · possible · substitute · replacement · deputy · relief · [more]
used to refer to someone sharing an attribute in common with the person already mentioned
Also those 2 letter id's are only useful in their computers or jumpseating, otherwise a regular abbreviation will do just fine for average folks. Unless it makes someone feel special to use those codes. Cheers
#12
Line Holder
Joined APC: Aug 2014
Position: BE-1900 Captain
Posts: 66
WN is Southwest, but the other two are correct.
I agree that he’s reading FAR to into things - it says “leased to another regional operator” meaning they won’t be flown at OO, and instead at another regional where “they’re already operating in their system today” which means G7.
However this now puts OO in the position to absorb the flying should G7 not be able to make payments after this cash infusion, or in the same scenario to lease to ZW or YV should they have interest still.
I agree that he’s reading FAR to into things - it says “leased to another regional operator” meaning they won’t be flown at OO, and instead at another regional where “they’re already operating in their system today” which means G7.
However this now puts OO in the position to absorb the flying should G7 not be able to make payments after this cash infusion, or in the same scenario to lease to ZW or YV should they have interest still.
#13
Line Holder
Joined APC: May 2018
Position: NY 900 FO
Posts: 47
“Okay. But you're comfortable that they (GoJet) can take it this time?
Wade Steel -- Chief Commercial Officer
These aircraft are already flying there (at GoJet) and have already been converted and in the 550 configuration, and they're already operating in their (GoJet’s) system today.” - emphasis mine
They are literally talking about being comfortable that G7 can manage these airplanes, to which the response is ‘yes because the planes are flying there now.’ It’s a buy-and-lease-back. Stop reading into things Chicken Little
#14
Gets Weekends Off
Joined APC: Jul 2019
Posts: 196
WN is Southwest, but the other two are correct.
I agree that he’s reading FAR to into things - it says “leased to another regional operator” meaning they won’t be flown at OO, and instead at another regional where “they’re already operating in their system today” which means G7.
However this now puts OO in the position to absorb the flying should G7 not be able to make payments after this cash infusion, or in the same scenario to lease to ZW or YV should they have interest still.
I agree that he’s reading FAR to into things - it says “leased to another regional operator” meaning they won’t be flown at OO, and instead at another regional where “they’re already operating in their system today” which means G7.
However this now puts OO in the position to absorb the flying should G7 not be able to make payments after this cash infusion, or in the same scenario to lease to ZW or YV should they have interest still.
#15
Line Holder
Joined APC: Aug 2014
Position: BE-1900 Captain
Posts: 66
I have no dog in GoJet’s fight but all you’re doing is over analyzing and fear mongering for their pilot group.
“Okay. But you're comfortable that they (GoJet) can take it this time?
Wade Steel -- Chief Commercial Officer
These aircraft are already flying there (at GoJet) and have already been converted and in the 550 configuration, and they're already operating in their (GoJet’s) system today.” - emphasis mine
They are literally talking about being comfortable that G7 can manage these airplanes, to which the response is ‘yes because the planes are flying there now.’ It’s a buy-and-lease-back. Stop reading into things Chicken Little
“Okay. But you're comfortable that they (GoJet) can take it this time?
Wade Steel -- Chief Commercial Officer
These aircraft are already flying there (at GoJet) and have already been converted and in the 550 configuration, and they're already operating in their (GoJet’s) system today.” - emphasis mine
They are literally talking about being comfortable that G7 can manage these airplanes, to which the response is ‘yes because the planes are flying there now.’ It’s a buy-and-lease-back. Stop reading into things Chicken Little
#16
Line Holder
Thread Starter
Joined APC: Sep 2018
Posts: 68
TSH and GJ's financials are in the dumpster, millions gone in discrimination suits recently, the inability to make their lease payments have put them on the edge of shutting down remaining operations. GJ cannot afford the payments on their remaining planes and cannot refinance them at affordable terms. To overcome this, Skywest airlines is coming in with their good credit and is buying the planes with extremely low interest costs and may be leasing the planes back to Gojet on better terms than they could have obtained on their own. The arrangement brings life to GJ which literally had only been hours away from a Chapter 7 permanent shutdown.
#17
Line Holder
Joined APC: Aug 2014
Position: BE-1900 Captain
Posts: 66
I linked to the Skywest article that announced the move. Colive10 doesn't like my post saying I have an agenda. I do have an agenda, in the past it was to warn people about what GJ is like and what they might be getting into. Now I'm warning people about what is happening. Colive10 is terrified that I am right. If you have information that this is a good move by GJ and they will be keeping the planes for the multiyear deal, gather the information and post it. You want some optimism? Ok, I will post some positive speculation:
TSH and GJ's financials are in the dumpster, millions gone in discrimination suits recently, the inability to make their lease payments have put them on the edge of shutting down remaining operations. GJ cannot afford the payments on their remaining planes and cannot refinance them at affordable terms. To overcome this, Skywest airlines is coming in with their good credit and is buying the planes with extremely low interest costs and may be leasing the planes back to Gojet on better terms than they could have obtained on their own. The arrangement brings life to GJ which literally had only been hours away from a Chapter 7 permanent shutdown.
TSH and GJ's financials are in the dumpster, millions gone in discrimination suits recently, the inability to make their lease payments have put them on the edge of shutting down remaining operations. GJ cannot afford the payments on their remaining planes and cannot refinance them at affordable terms. To overcome this, Skywest airlines is coming in with their good credit and is buying the planes with extremely low interest costs and may be leasing the planes back to Gojet on better terms than they could have obtained on their own. The arrangement brings life to GJ which literally had only been hours away from a Chapter 7 permanent shutdown.
#20
Line Holder
Joined APC: Dec 2019
Position: B-777 CA
Posts: 53
Yeah...not "terrified" of anything, just calling it as I see it. And your agenda is obvious to anyone who reads your history. I feel bad for you for whatever happened to you in the past, possibly at G7 or anywhere else. But spending all your time posting misleading information on a forum designed for airline pilots, not company ownership or managment but pilots, absolutely does nothing for your cause. You are not achieving any victory in that. Many people have had many different experiences at many different airlines, and usually it is a reflection of themselves more times than not. Management isnt perfect at any airline, but its how you deal with, adapt to, overcome and make the best of your own personal situation that determines your character and maturity. So try doing that instead of constantly getting on APC to start intentionally misleading threads about companies you dont like. Not that ANYONE should rely on this site for accurate information, but you are certainly not helping anyone either.
If you are now GJ management I understand you want to encourage people to stay and fly the planes so it doesn't have to close earlier than it needs to. Neither Compass or TSA made it to the date they said it would. But there is no way in hell that GJ is going to survive this and is a person has a chance to jump to another airline they should not wait around hoping that some miracle comes and saves GJ. A GJ miracle would be one that keeps it going another year or 2, but in the end the patient is still dead and buried.
Thread
Thread Starter
Forum
Replies
Last Post