RJET down by -50% today?
07-27-2015 | 10:42 AM
#31
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07-27-2015 | 10:46 AM
#32
Pilot
Joined: May 2015
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Haha touché! You are absolutely right. If RAH collapses financially Iike those two you mentioned, I can't imagine the ripple effects it will have on the regional airline industry. This is a very big regional airline we are talking about.
07-27-2015 | 10:54 AM
#33
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Seabury Group are the people who ushered Pinnacle Airlines into bankruptcy court. The Bob's are conducting office audits. Good Luck
They will probably count the beans and say..."you dumb-asses negotiated these contracts with razor thin margins" and "there is nothing that can be taken from the labor" and "you can't afford a deal with the pilots"
They will probably count the beans and say..."you dumb-asses negotiated these contracts with razor thin margins" and "there is nothing that can be taken from the labor" and "you can't afford a deal with the pilots"
07-27-2015 | 11:06 AM
#35
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Joined: Mar 2014
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Seabury Group are the people who ushered Pinnacle Airlines into bankruptcy court. The Bob's are conducting office audits. Good Luck
They will probably count the beans and say..."you dumb-asses negotiated these contracts with razor thin margins" and "there is nothing that can be taken from the labor" and "you can't afford a deal with the pilots"
They will probably count the beans and say..."you dumb-asses negotiated these contracts with razor thin margins" and "there is nothing that can be taken from the labor" and "you can't afford a deal with the pilots"
07-27-2015 | 11:15 AM
#36
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Joined: Feb 2015
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No as a profitable airline they don't fit the bankruptcy mold. They are not going to zero out shareholder stocks to fight with pilots. That time may come but not today. It's more likely they are going to be for sale. Alternatively they may be exploring their options to take the company back private.
07-27-2015 | 11:26 AM
#37
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Their at least a year from bankruptcy right now, but I think if the NMB does release the pilots (Next Week?), then bankrupcy is very likely. They have the money, but BB is very spiteful, and will not let the pilots win. S5 will most likely be sold first, and that will create a huge mess with their seniority list. Not sure how IBT would fix it.
07-27-2015 | 11:34 AM
#38
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Joined: Nov 2012
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From: ERJ, CA
Or someone could pull a Delta-Bendover-Peanuckle and bail them out, just so the lowest bidder can stay alive to keep downward pressure on regional wages. However, Delta did have that clause in their contracts which forced everyone to nearly match the lowest bidder.
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