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Old 01-07-2006 | 05:21 PM
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Default ERA Bankruptcy

ERA has filed for bankruptcy under chapter 11
Jan 27 seems to be a deadline for something
does anyone know what it means?
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Old 01-08-2006 | 01:44 AM
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That would be exactly one month after they declared chapter 11. I don't know bankruptcy law, but that probably means something to the lawyers. I am taking bets, odds are 3 to 1 they reorganize and stay in business. Their employees will get screwed however.
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Old 01-08-2006 | 02:53 AM
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Originally Posted by 185flier
ERA has filed for bankruptcy under chapter 11
Jan 27 seems to be a deadline for something
does anyone know what it means?
What company is ERA?
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Old 01-08-2006 | 06:33 AM
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ERA is up in Anchorage. They are a big regional in Alaska flying turboprops and helos.
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Old 01-09-2006 | 02:35 PM
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mordi
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Saw an ERA guy at PenAir today. I can only wonder what he was up to
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Old 01-09-2006 | 05:42 PM
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he was probably looking for a job
i hear 3 more SAABs if ERA goes away
how many pilots does that mean?
will they come from the 135?
exciting for us
maybe i will upgrade
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Old 01-09-2006 | 07:29 PM
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mordi
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How close are you to upgrade n 185? You in the 60's or 50's??
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Old 01-09-2006 | 08:18 PM
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whats the 50s or 60s ??
I am a ways away from upgrading but would like to see the additional growth to speed it up
what about you?
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Old 01-10-2006 | 12:27 AM
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Here is the way I see it as far as options to speed upgrades.
1.) We have to go to 121 flight and duty times meaning more crews per aircraft.
2.) We get more codeshare flights from Alaska. (Fairbanks has been a rumor)
3.) Era goes bankrupt and we take over their codeshare flights.
4.) Somebody finally leaves for the majors.
5.) The bill to drill offshore in Bristol Bay passes and we double our flights.
6.) I win the lottery, buy a SAAB, and crown myself king and captain.

What do you think will happen first? We are so in the dark, I am not sure anyone really knows.
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Old 01-10-2006 | 07:32 AM
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i think ERA will go under and we will pick up thier routes
i heard three more SAABs for Kodial Homer and Valdez
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