Who’s Next?
03-20-2020, 08:49 AM
#32
Gets Weekends Off
Joined APC: May 2009
Position: Left Seat
Posts: 370
Originally Posted by KCaviator
Trans States: RIP 😢
Compass: RIP 😥
Who’s next? This is getting ugly...
My guesses are, in the order of probability:
1) Silver
2) Air Wisconsin
3) GoJet
4) CommutAir
5) Piedmont
6) Mesa
7) Republic
8) ExpressJet
9) PSA, Envoy, Endeavor, Horizon
10) SkyWest
Compass: RIP 😥
Who’s next? This is getting ugly...
My guesses are, in the order of probability:
1) Silver
2) Air Wisconsin
3) GoJet
4) CommutAir
5) Piedmont
6) Mesa
7) Republic
8) ExpressJet
9) PSA, Envoy, Endeavor, Horizon
10) SkyWest
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
Gets Weekends Off
Joined APC: Mar 2018
Posts: 505
Originally Posted by Turboprop
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 APC: Mar 2019
Posts: 1,181
Originally Posted by E6BAV8R
If that is what is being considered a furlough than they started in 2008 when they sent a new hire class home.
03-20-2020, 10:49 AM
#35
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,297
Originally Posted by flynd94
Which means nothing if your mainline partner cancels your CPA thru “acts of gods beyond their control”
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 APC: Feb 2018
Position: Left
Posts: 179
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 APC: Feb 2020
Posts: 1,065
Originally Posted by Cyio
This is AA we are talking about here, one of the most poorly managed airlines out there. Thankfully we can trust Parker in that "we will never lose money again" and should all be OK.
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 APC: Feb 2020
Posts: 21
Originally Posted by ImmaAHole
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 APC: Apr 2018
Posts: 2,522
Originally Posted by sanicom3205
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.
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 APC: Feb 2020
Posts: 1,065
Originally Posted by ninerdriver
More cash on hand because they just took out a loan a few months ago to pay off another loan.
AA has negative equity... they have nothing but additional credit (if they have any left) to borrow against if that cash runs out.
AA has negative equity... they have nothing but additional credit (if they have any left) to borrow against if that cash runs out.
Which leaves my original statement that they have more cash on hand than UAL or DAL.
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