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Quote:

Originally Posted by duvie (Post 383364)

I don't think CAL will relax their scope. Furthermore i don't think RAH would benefit from buying XJT's aging 50 seat A/C and a possibly lapsing contract with CAL. It seems the benefits SKW sees in XJT have to to with some future contract they have with CAL

RAH would benefit the same way SKYW would. XJT doesn't own their aircraft they lease them.

Toilet...how much does RAH have in the bank??

Quote:

Originally Posted by ToiletDuck (Post 383404)

RAH would benefit the same way SKYW would. XJT doesn't own their aircraft they lease them.

Well, I can say one good thing about RAH. You guys have one seniority list. No whipsawing. That is the way to go. Any other way would be terrible for everyone.

Quote:

Originally Posted by ExperimentalAB (Post 383408)

Toilet...how much does RAH have in the bank??

I'll answer that. At the end of Q1 2008 RAH had $145 million in cash and cash equivalents. SKW had $240 million, plus almost $363 million in marketable securities.

Quote:

Originally Posted by Dash8Pilot (Post 383445)

I'll answer that. At the end of Q1 2008 RAH had $145 million in cash and cash equivalents. SKW had $240 million, plus almost $363 million in marketable securities.

XJT is around $190 million. We just need to free up about $50 million we have tied to student loans.

Quote:

Originally Posted by ToiletDuck (Post 383360)

XJT could be stalling simply to explore other options. I have no doubt that RAH is at least looking at the situation. BB would like nothing more than to get 170/175s on property with CAL and with the language in the XJT email makes it look like a possibility. The way these companies seem to work is a "shock and awe" tactic. They just come out of left field with a hard lined offer. I wouldn't be surprised if RJET places one themselves. I'd expect XJT to start a bidding war if anything to simply up the offer price. RAH wants the XJT flying and the 10yr contract with an extension to 15yrs for any new aircraft, possibly Ejets, is something they'd be interested in. Especially with Frontier flying gone. I don't see CAL wanting the 700s.

There's my speculation.... and the winner is?

CAL isnt going to give in on scope. Also since you have talked about wanting to work there lets hope CAL doesnt give in on scope. More E-Jets at any regional means less mainline jobs. What would that do to help career potential earnings? The CAL pilots are going to laugh at mgmt when they ask for scope relief.

Quote:

Originally Posted by tpersuit (Post 383452)

XJT is around $190 million. We just need to free up about $50 million we have tied to student loans.

My numbers did not include restricted cash, only "cash and cash equivalents" and "short-term investments". I left out restricted cash since, well it's restricted. Using this same method puts XJT around $140 million. XJT has considerably more restricted cash than either RJET or SKW, with over $38 million, giving them around $180 million total. In case anyone is curious, SKW has $14.7 million in restricted cash, and RJET has $4.7 million.

The Auction Rate Securities are tying up a large portion of XJTs cash, and are a big variable in the liquidity picture of XJT. If the market continues to deteriorate they will be worth even less than $50 million. However, if the market recovers then XJT might be able to recover the full $65 million they invested (and make a nice profit from interest earned on the ASRs).

Quote:

Originally Posted by Superpilot92 (Post 383455)

When CAL management offers retirement and other things, scope will get cut.

Quote:

Originally Posted by G-Dog (Post 383890)

When CAL management offers retirement and other things, scope will get cut.

you're wrong but if you must keep the CHQ pipe dream alive then go ahead. The CAL pilots have seen the loss of jobs and flying that scope has caused at the other carriers and they are not going to give it up. The majority of the pilots now are not the senior guys and they have alot to lose if scope is relaxed. No amount of money is worth giving away their jobs. Just watch ;)

Quote:

Originally Posted by G-Dog (Post 383890)

When CAL management offers retirement and other things, scope will get cut.

Given the number of recent RJ drivers employed by CAL and the pre-9/11 CAL pilots that witnessed the proliferation of 51+ seat RJs at their competition, I seriously doubt it.

We'll see...