RJET down by -50% today?
07-28-2015 | 09:01 AM
#131
Gets Weekends Off
Joined: Sep 2009
Posts: 514
Likes: 0
From: Left seat of a Jet
Guys, this is serious. I'm not one to normally predict that an airline will fail or that the "writing is on the wall" or any of that.
But this is legit. Anyone who knows anything about airline history and in particular the specifics of what happened to Pan-Am, Eastern, and Braniff will know that Republic is on borrowed time.
Assests don't mean much in a situation such as this one. Look for much of it to be sold off soon in a desperate attempt to raise some emergency cash. Then that money will vaporize within a quarter and more assests will be sold off. Soon enough Republic will simply close its doors. Just like that.
It happened to Pan Am. They sold of asset after asset throughout the 80s in an effort to rebound....mainly to United. Then came Delta, and all seemed well for about 2 months. Literally, 2 months is all it took for "the world to change" . Those were Delta's exact words.
Then one day Pan Am pilots were in their training center in the Sims like any normal day when the call came. Pack all your stuff and get the hell out. Pan Am is finished. Everybody literally had to jump out a side door into bushes to get out of the building because the front doors were already chained shut when hey got there.
Point is, read up and educate yourselves on airline history and how these things work. It would take a miracle for Republic to pull out of this. A miracle and possibly a merger. And a merger would be nasty. Read up on the precedent set in the 80s regarding "expectations" when it comes to seniority mergers.
I would advise Republic pilots to get out now while you still have a chance to accrue seniority elsewhere. If you are not at Republic, don't go.
But this is legit. Anyone who knows anything about airline history and in particular the specifics of what happened to Pan-Am, Eastern, and Braniff will know that Republic is on borrowed time.
Assests don't mean much in a situation such as this one. Look for much of it to be sold off soon in a desperate attempt to raise some emergency cash. Then that money will vaporize within a quarter and more assests will be sold off. Soon enough Republic will simply close its doors. Just like that.
It happened to Pan Am. They sold of asset after asset throughout the 80s in an effort to rebound....mainly to United. Then came Delta, and all seemed well for about 2 months. Literally, 2 months is all it took for "the world to change" . Those were Delta's exact words.
Then one day Pan Am pilots were in their training center in the Sims like any normal day when the call came. Pack all your stuff and get the hell out. Pan Am is finished. Everybody literally had to jump out a side door into bushes to get out of the building because the front doors were already chained shut when hey got there.
Point is, read up and educate yourselves on airline history and how these things work. It would take a miracle for Republic to pull out of this. A miracle and possibly a merger. And a merger would be nasty. Read up on the precedent set in the 80s regarding "expectations" when it comes to seniority mergers.
I would advise Republic pilots to get out now while you still have a chance to accrue seniority elsewhere. If you are not at Republic, don't go.
07-28-2015 | 09:22 AM
#132
Gets Weekends Off
Joined: Sep 2010
Posts: 2,648
Likes: 0
Pan Am, Braniff, and Eastern sealed their own fates through poor management, economies, and geopolitical issues. Contract flying wasn't one of those issues. Today's regional airlines and out of business legacy carriers have nothing in common except being out of business!
07-28-2015 | 10:03 AM
#134
Line Holder
Joined: Aug 2012
Posts: 56
Likes: 0
So the airline files for bankruptcy. One of the big three or all three props them up to keep lift going. In court pilots have to choose between starting over or taking a crap deal to keep their jobs. They choose their jobs and all becomes right in the world of aviation.
07-28-2015 | 10:12 AM
#135
Line Holder
Joined: Oct 2013
Posts: 77
Likes: 0
I don't see a good way out for Republic. I don't see a mainline "partner" bailing them out, I don't see how bankruptcy helps with either the CPA or the labor, and I don't see how to turn it around under current conditions.
On the other hand, if another regional bought them out, whatever labor contract exists at the buyer is likely better than the contract at Republic, so it might be attractive to the labor groups. But since they're represented by a non-ALPA union, at least at the pilot level, I can see integration being a deal breaker for any buyer.
In my mind, I don't see a way out of this mess for Republic.
On the other hand, if another regional bought them out, whatever labor contract exists at the buyer is likely better than the contract at Republic, so it might be attractive to the labor groups. But since they're represented by a non-ALPA union, at least at the pilot level, I can see integration being a deal breaker for any buyer.
In my mind, I don't see a way out of this mess for Republic.
07-28-2015 | 10:12 AM
#136
Line Holder
Joined: Sep 2006
Posts: 928
Likes: 2
07-28-2015 | 10:13 AM
#137
Gets Weekends Off
Joined: Jun 2015
Posts: 417
Likes: 0
So the airline files for bankruptcy. One of the big three or all three props them up to keep lift going. In court pilots have to choose between starting over or taking a crap deal to keep their jobs. They choose their jobs and all becomes right in the world of aviation.
07-28-2015 | 10:14 AM
#138
Gets Weekends Off
Joined: Sep 2010
Posts: 2,648
Likes: 0
So the airline files for bankruptcy. One of the big three or all three props them up to keep lift going. In court pilots have to choose between starting over or taking a crap deal to keep their jobs. They choose their jobs and all becomes right in the world of aviation.
07-28-2015 | 10:15 AM
#139
Gets Weekends Off
Joined: Jan 2011
Posts: 843
Likes: 0
From: DHC-8 100/300
I think it's partially correct... propped up yes, huge amount of their current flying moved to other carriers... mesa, xjet, eny, pdt, psa. They remain but much smaller
07-28-2015 | 10:27 AM
#140
On Reserve
Joined: Jun 2014
Posts: 186
Likes: 15
We should all congratulate the entire RAH pilot group for holding the line and living with a deplorable contract in an attempt to make life better for the entire pilot community. Stay the course RAH pilots! Better things are in front of all us if you do. It is your pain, but all of us will gain. We each owe the RAH pilot group a salute in the airport for not accepting that POS contract last year (unlike other pilot groups that shall go unmentioned).
If RAH goes under, is forced to sell/merge, or finally yield to an industry leading contract, the pain will have been worth it. Under any scenario the industry is better off for your sacrifice. You all are taking a political/social media beating from other RAH employee groups for not caving. We all need to support RAH pilots!!!
If RAH goes under, is forced to sell/merge, or finally yield to an industry leading contract, the pain will have been worth it. Under any scenario the industry is better off for your sacrifice. You all are taking a political/social media beating from other RAH employee groups for not caving. We all need to support RAH pilots!!!
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