Republic in PHL?
 

Is there any truth to this rumor? Will they be at the C gates or F. There is gonna be allot of ****ed off people with this move.:D

Don't the E170's I see in PHL all the time belong to Republic? I may have that wrong, I've sort of lost track of the USAir commuters (even though I used to work for one).

yes but its not a domicile yet for republic. i think thats more along the lines of what he was asking. they use the C terminal now

Oh I see. OK, next question: Who would mad about that, and why? I'm asking because:
1) I live in PHL, and I would like to see every airline have a PHL base.
2) I'm about to go work for AWAC and hopefully be based at PHL, so I'm wondering if I should start getting mad about this now. It's hard to keep track of who to be ****ed-off at these days, but I want to make sure I get it right.:D

I think mainline and whiskey wouldn't enjoy it too much.

It likely won't affect AWAC at all, if it does happen.

Opening a PHL domicile for Republic is just a way for them to save on the dozens of nightly hotel rooms there as they have MANY daily flights in PHL and have for some time. AWAC is and probably will be the dominant 50 seat Express carrier in PHL for years to come, and it is our largest base by a wide margin.

Doesn't hurt that AWAC owns a fair share of mainline to begin with.

The 50 seat jets are on the chopping block according to Airways. I know it is not like they are going to get rid of them over night, but they want to phase them out with newer and larger aircraft.

Actually, I believe when Whiskey saved their butts by purchasing a bunch of UsAir stock, part of the deal was that they got flying for the next 10 years, so I don't see that happening any time soon. Somebody please correct me if I'm wrong....BoilerUp maybe?

that's exactly right. definitely the 50 seat rj is not as profitable as the 70+ seaters, but until AWAC won't find home for those 50seat rj, we'll be flying them for USAir for the next 8 years.

I'd certainly like to see more than 50 seats on the US Airways flights I take often. The STL-PHL run is populated primarily by AWAC and they are always booked solid, if not oversold. Even the few RW trips are full. With the loads picking up, it looks like the 50 seaters are gonna get pushed out of the more popular stuff.

That's pretty much the jist of it.

In exchange for Eastshore Aviation, LLC ("the private equity arm of Air Wisconsin Airlines Corporation") providing $125m in exit financing for US Airways, Eastshore got $250m in stock once LCC emerged from BK and Air Wisconsin got a 10 year contract for 70 50-seaters.

Close...$125 million in cash equated to $125 million in stock, not $250. 8.3 million shares @ $15/share. Out of that, the last time I looked, they still owned 3 million or so shares.

I thought they got double in stock what they gave in exit financing...but given what you've said I was mistaken.

According to SEC filings and Yahoo! Finance, Eastshore had 8.3m shares of LCC on 9/27/05 (when they emerged from BK) and sold 1m shares on 3/15/06...that still gives them 7.3m shares.

So does anyone know if this rumor is true?

I've been watching this rumor closely as I will be starting training for RW in July and plan to live near PHL (family). What I have heard so far is that its still just rumor but is about the same as the ATL rumor for S5. Sounds like a good chance, but still completely rumor till a press release.

ATL is not a rumor, it is fact. Crews have been assigned.

Maybe I misunderstood your post, I dunno. You may have been comparing the PHL rumor to the "old" ATL rumor.

Yup, the hearsay I've picked up expects the PHL rumor to go the way of the "old" ATL rumor. Until a press release, its all just speculation though.

No, 8,333,333 x $15/share = $125 million.

Look up "Richard Bartlett". He is the director of Eastshore.

8-Feb-07 *20,000 LCC Sale at $58.25 - $58.63 per share.
7-Feb-07 *80,000 LCC Sale at $58 - $58.34 per share.
6-Feb-07 *176,800 LCC Sale at $58 - $58.32 per share.
6-Feb-07 *83,200 LCC Sale at $58.33 - $58.68 per share.
23-Oct-06 *300,000 LCC Automatic Sale at $50 - $50.4 per share.
20-Oct-06 *700,000 LCC Automatic Sale at $49.73 - $50.2 per share.
5-Jun-06 *3,050,000 LCC Sale at $45.20 per share.

+ 1,000,000 sold under Eastshore...

Makes a grand total of 5,410,000 shares sold.

To further my point, look here:

http://www.gurufocus.com/InsiderBuy....lett+Richard+A

And look at the "shares owned after trade" under Richard Bartlett.

It's exactly 2,923,333, or Eastshore's original 8,333,333 shares awarded minus the Eastshore and Bartlett trades.

Another point:

http://yahoo.brand.edgar-online.com/...Xni&ID=4717113

Look on the right hand side of the table, under #7 - "Nature of Indirect Beneficial Ownership". Who are Bartlett's shares benefiting? Why, Eastshore Aviation LLC.

Here's a bio on Mr. Bartlett.
http://www.forbes.com/finance/mktgui...rsonId=1106379

Did not know any of that about Mr. Bartlett; according to Yahoo Finance he is listed as a "Director" of LCC when it comes to insider transactions, and Eastshore Aviation is listed separately.

Guess that's why I never made the connection between the two...but thanks for the multiplication lesson! Maybe that'll come in handy some day...

Yes I know how he's listed on "Yahoo Finance", I thought I explained why he is...hey I can only lead the horse to the water, I can't make him drink ;).

Seriously... who cares :rolleyes:

I once had a captain tell me the company made "billions" off of the US Air stock, and that they continually get awarded stock options. The problem with AWAC is that the company is private, and no such disclosure exists in the form of annual reports so what's left is a lot of speculation and mis-information, neither of which is good.

And the guys at AWAC that think our future is secure because the company's stake in USAirways are going to be really disapointed in 8 years. Hopefully, as things are ever changing, AWAC will come up with another contract with a different airline between now and then.
If they fail, it may be the end of the flying portion of AWAC.

S.

Republic has been operating out of the C and B terminals most recently, and early on did operate out of the F terminal during the transfer of aircraft from Mid Atlantic (please reserve opinions on this matter...). A base in PHL is allegedly here, just waiting on the formal vacancy announcement- and a new shipment of KY with sand. Republic will continue to operate from B/C for the forseeable future. The only thing that may impact that is the delivery of more 190's for USair. In general, the 170 took up just a bit too much room on the F gates, and it became difficult to park one 170 per gate without having to skip a gate in between.

RW maintanance is on the C terminal, and the crew room will be there too, so we shouldn't be stepping on AWAC's toes.

https://www.ultirecruit.com/REP1003/...87602D2C877B59

Might be nothing, but RAH has a job posting on their website listed for a Supervisor of Flight Ops in PHL. The req sounds like its a job associated with a crew base (mentions V-files). Gotta stir the rumor pot...

This would be the fastest "rumor to fact" I've ever seen around here. People are still talking about a CLT base...but I'm chalking that one up along the lines of "We're getting MCO back." PHL is more plausible.

Good intel man. thank you

Now fact.

https://www.republicpilots.org/bulle...pic.php?t=6959

So now for the million dollar questions...How senior and can a 7/11 newhire hope to get it out of training?