PEOPLExpress (It's back!)
03-05-2014, 07:29 PM
#21
Line Holder
Joined APC: Feb 2014
Posts: 35
I applied the day after they opened the posting. I don't have the PIC time but figured I'd give it a shot. I'm a little fuzzy though on why FOs would have to have the PIC time....Southwest and FedEx are the only two I know of that still want that. I know it's a big unknown, but my opinion is that anything beats a regional, and it would be amazing to get in on the ground floor especially if the company succeeds.
03-07-2014, 03:37 PM
#22
Gets Weekends Off
Joined APC: Jun 2006
Position: Frm. DHLAirways. Blue & White Boeing's Now. YEA!!
Posts: 610
Originally Posted by hoover
PEX tried to buy Xtra airways. they could never come up with the money. The rumor is that they are starting flights using Vision. Not sure where they are getting the planes for their own operation. They still plan on using 400s when everyone else is trying to get away from them due to the 1 million dollar fuel tank inspection that has to be done this yr. Saw they are also seeking mechanics. Without listing the flight bases or route and pay I think that they are just tooting their own horn to ramp up investors. I really doubt they will ever fly their own plane.
...TEM Enterprises, Inc., doing business as XTRA Airways. ...As of June 5, 2013, TEM Enterprises, Inc. operates as a subsidiary of PEOPLExpress Airlines, Inc.
I do find it suspicious that their Media section, which did mention the Xtra Airways buy, has been purged.
03-07-2014, 04:24 PM
#23
At your mom's house
Joined APC: Jun 2008
Position: cpt 737
Posts: 2,659
I used to work for Xtra when the buyout was supposed to happen. Long story short Xtra never received all of the money so the certificate never transferred owners. Both are still separate. Which leads me to the question of who's certificate did they finally buy since I thought PEX gave up on trying to get their own.
PEX paid Xtra a money just to say they bought them so they could raise more money from investers to complete the buyout. Which never happened.
PEX paid Xtra a money just to say they bought them so they could raise more money from investers to complete the buyout. Which never happened.
03-08-2014, 09:12 AM
#24
Gets Weekends Off
Joined APC: Jun 2006
Position: Frm. DHLAirways. Blue & White Boeing's Now. YEA!!
Posts: 610
Originally Posted by hoover
I used to work for Xtra when the buyout was supposed to happen. Long story short Xtra never received all of the money so the certificate never transferred owners. Both are still separate. Which leads me to the question of who's certificate did they finally buy since I thought PEX gave up on trying to get their own.
PEX paid Xtra a money just to say they bought them so they could raise more money from investers to complete the buyout. Which never happened.
PEX paid Xtra a money just to say they bought them so they could raise more money from investers to complete the buyout. Which never happened.
After a some internet searching around, I guess the trail started with Xtra. At some point, as you reported, the deal was not completed. This led to PEX to go after the assets of Ryan which looked promising. But after some digging on behalf of the PEX group, the FAA was going to deny the bid due to Ryan's suspect of the health of the assets and certificate for rapid resumption of services. PEX was offering $500K (yes, thousand) for Ryan assets, but removed themselves from the bidding Feb. 13, 2014. Now it looks like the likely target for PEX is Sky King. But things seem a bit in flux for PEX with the reported resignation of President Mike Morisi and promotion of Jeff Erickson formally of Atlas taking over PEX.
FAJ
03-10-2014, 02:03 PM
#25
At your mom's house
Joined APC: Jun 2008
Position: cpt 737
Posts: 2,659
wow, good research. Yeah not sure where they are going to get the certificate but one thing is certain that they like to announce stuff way before anything happens. Its been over two years since they said they were going to start flying soon and stay tuned for more great news.
I guess time will tell.
I guess time will tell.
03-10-2014, 05:11 PM
#26
Gets Weekends Off
Joined APC: Mar 2011
Position: Underemployed!
Posts: 116
Originally Posted by FlyAstarJets
Hoover,
After a some internet searching around, I guess the trail started with Xtra. At some point, as you reported, the deal was not completed. This led to PEX to go after the assets of Ryan which looked promising. But after some digging on behalf of the PEX group, the FAA was going to deny the bid due to Ryan's suspect of the health of the assets and certificate for rapid resumption of services. PEX was offering $500K (yes, thousand) for Ryan assets, but removed themselves from the bidding Feb. 13, 2014. Now it looks like the likely target for PEX is Sky King. But things seem a bit in flux for PEX with the reported resignation of President Mike Morisi and promotion of Jeff Erickson formally of Atlas taking over PEX.
FAJ
After a some internet searching around, I guess the trail started with Xtra. At some point, as you reported, the deal was not completed. This led to PEX to go after the assets of Ryan which looked promising. But after some digging on behalf of the PEX group, the FAA was going to deny the bid due to Ryan's suspect of the health of the assets and certificate for rapid resumption of services. PEX was offering $500K (yes, thousand) for Ryan assets, but removed themselves from the bidding Feb. 13, 2014. Now it looks like the likely target for PEX is Sky King. But things seem a bit in flux for PEX with the reported resignation of President Mike Morisi and promotion of Jeff Erickson formally of Atlas taking over PEX.
FAJ
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