Who’s Next?
03-20-2020 | 08:49 AM
#32
Line Holder
Joined: May 2009
Posts: 456
Likes: 1
From: Left Seat
Silver yeah no doubt, back in 2009 when they were run by tom cooper was better airline operated by Gulfstream Int Airlines, later bankrupt and Silver bought it. who will buy them?
i see Republic buying another regional, they have cash to do it, or they can do nothing and wait it out.
Skywest same thing have lots of cash, maybe buying Mesa? or Hotizon since they operate on the west side?
Envoy getting all the flying from PSA and Piedmont.
at the end only the strongest and healthy regional will survive this nightmare of the corona virus.
i hope this will go away quickly and no other pilot ever gets furlough.
03-20-2020 | 08:59 AM
#33
Line Holder
Joined: Mar 2018
Posts: 659
Likes: 87
how about who will buy the other regional and who will that be?
Silver yeah no doubt, back in 2009 when they were run by tom cooper was better airline operated by Gulfstream Int Airlines, later bankrupt and Silver bought it. who will buy them?
i see Republic buying another regional, they have cash to do it, or they can do nothing and wait it out.
Skywest same thing have lots of cash, maybe buying Mesa? or Hotizon since they operate on the west side?
Envoy getting all the flying from PSA and Piedmont.
at the end only the strongest and healthy regional will survive this nightmare of the corona virus.
i hope this will go away quickly and no other pilot ever gets furlough.
Silver yeah no doubt, back in 2009 when they were run by tom cooper was better airline operated by Gulfstream Int Airlines, later bankrupt and Silver bought it. who will buy them?
i see Republic buying another regional, they have cash to do it, or they can do nothing and wait it out.
Skywest same thing have lots of cash, maybe buying Mesa? or Hotizon since they operate on the west side?
Envoy getting all the flying from PSA and Piedmont.
at the end only the strongest and healthy regional will survive this nightmare of the corona virus.
i hope this will go away quickly and no other pilot ever gets furlough.
03-20-2020 | 10:09 AM
#34
On Guard!
Joined: Mar 2019
Posts: 1,181
Likes: 0
03-20-2020 | 10:49 AM
#35
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,905
Likes: 691
From: Engines Turn or People Swim
Legally it's pretty tight if a "black swan" event happens directly to you... ie a volcano or tsunami wipes out an airline's hub airport. Same if the fed grounds the airlines.
But if something happens to someone else which has ripple consequences and makes the economy bad, that's a stretch. Just because someone caught a virus from a bat in SE asia doesn't automatically let you off the hook for your obligations.
Might come down to magnitude... an economic downturn is not Force Majeure... but a really bad (catastrophic) downturn might be.
03-20-2020 | 11:28 AM
#36
Pronounced Kep-Ten
Joined: Feb 2018
Posts: 179
Likes: 0
From: Left
Trans states holdings owns both companies that are closing shop. It started off as a lack of pilots for one and losing a Delta deal for the other. Then the CV accelerated what was already coming. Don't try and doom and gloom this. They were already closing up shop soon.
Hopefully, the 1,078 pilots at these places finds something for income soon.
Hopefully, the 1,078 pilots at these places finds something for income soon.
03-20-2020 | 11:48 AM
#37
Eating A Gruben
Joined: Feb 2020
Posts: 1,065
Likes: 0
More cash on hand than United and Delta, for what it's worth. If you want to call it poorly managed after you've actually flown a day for them, then okay.
03-20-2020 | 12:50 PM
#38
On Reserve
Joined: Feb 2020
Posts: 47
Likes: 10
Did anyone predict a 100 year plague wiping out the economy? I doubt anyone is going to predict who goes out next. Maybe in a couple of months an asteroid is going to hit Earth and wipe us all out.
Let's stick to positive thoughts and hope everyone is safe and able to provide for their loved ones.
Let's stick to positive thoughts and hope everyone is safe and able to provide for their loved ones.
03-20-2020 | 01:19 PM
#39
Porco Rosso
Joined: Apr 2018
Posts: 2,522
Likes: 0
AA has negative equity... they have nothing but additional credit (if they have any left) to borrow against if that cash runs out.
03-20-2020 | 01:22 PM
#40
Eating A Gruben
Joined: Feb 2020
Posts: 1,065
Likes: 0
Which leaves my original statement that they have more cash on hand than UAL or DAL.
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