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Originally Posted by ThreeStripe
(Post 1939670)
Remember back in 08 when BB said he hoped pilots would make a career here when the last hiring boom was thinning the ranks? I think the exact quote was "I hope our seasoned pilots choose to keep their careers at republic".
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Indy is absolutely loaded with lifers. And each one has an excuse as to why they've stayed put for so long. Kind of sad hearing them all trying to explain it away. Rah was never meant to be a lifer airline.
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Originally Posted by 404yxl
(Post 1939422)
The experiment at PSA hasn't worked as planned and they have already slowed down. If you didn't go to PSA already, you missed the boat. Sure, go for street captain if you have the time, but you will be junior for a long time. Their woes are just beginning. Compass is starting to experience it now.
Now the 50 jet replacement that Republic has tried to replace the Envoy pilots is failing. They only staffed the Envoy flying by parking other airplanes. You can be successful in this environment with the initial replacement wave, but once you get past the initial seniority bump, the staffing issues will go the other way. This isn't pre-2013 ATP minimum replacement anymore. Republic failed to adapt and this is the result. |
Originally Posted by iFlyRC
(Post 1939663)
As pilots, it doesn't matter if you vote yes or no. The laws of economics, supply and demand will always play out and never need any help from us.
I don't think Rjet is going anywhere, and I highly doubt a mainline would acquire any more regionals unless they wanted a place to dump money into to show a loss for financial reasons. Y'all just sit back, relax, and have some popcorn. |
Originally Posted by ChipChelios
(Post 1938345)
Sale makes no sense! Who would want to buy a contractor with unprofitable contracts and a fed-up work force?
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Originally Posted by TillerEnvy
(Post 1939751)
Indy is absolutely loaded with lifers. And each one has an excuse as to why they've stayed put for so long. Kind of sad hearing them all trying to explain it away. Rah was never meant to be a lifer airline.
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I suspect that there will be a pre-packaged bankruptcy, United will be debtor in possession, Delta will just walk away from their lift (ASA and Endeavor will make up the difference), and American will figure out a way to move the planes to Envoy, assuming United doesn't decide to keep ALL the 170/175s, since they are in desperate need of some narrow body/large regional lift (they don't have the 717s that Delta got). It might work out just peachy for the the United side of things, but I suspect the other sides are screwed.
That prognostication/prediction/prophecy is worth what you just paid for it. |
Originally Posted by Beast
(Post 1939969)
I suspect that there will be a pre-packaged bankruptcy, United will be debtor in possession, Delta will just walk away from their lift (ASA and Endeavor will make up the difference), and American will figure out a way to move the planes to Envoy, assuming United doesn't decide to keep ALL the 170/175s, since they are in desperate need of some narrow body/large regional lift (they don't have the 717s that Delta got). It might work out just peachy for the the United side of things, but I suspect the other sides are screwed.
That prognostication/prediction/prophecy is worth what you just paid for it. DL has 66 planes (granted some are E145) AA has 104 planes (all 170/175) UA has 84 planes (all 170 and assuming Q400 fleet to zero) |
RAH will be forced to eliminate one of their partners flying altogether. As they continue to shrink, it will be more sensible to serve two of their partners well instead of 3 of their partners badly.
For those saying a sale, just who can do a better job than rah themselves? How would a new owner run rah differently of any real significance? There is really no good options here, nature is simply taking its course. |
Originally Posted by GoHomeLeg
(Post 1939658)
Integrate current 121 by hire dates at their first airline that they worked for.
When joining the "121 world" you will be added to the list by the date you start new hire class. In order to stay on the list you can't be off a 121 payroll for more than (blank) number of months or years. You want to make a life flying non 121? Go for it. You'll risk giving up seniority. If you want to maintain your relative senori at your current airline then don't switch companies. If a pilot has not changed companies then they will not lose their relative senority by having a pilot that is changing pushing them downward. This will make the national senority list useless at first but allow upcoming generations to benefit. Boiled down this means that pilots that do not switch companies from where they were before the list will be protected. Pilots that join a company after the list is formed will be fair game to be pushed downward. Thoughts? What about all the scum bag airlines out there? Wouldn't they just hire the least experienced pilots so they don't have to pay as much in pilot labor costs? |
Originally Posted by fisherman
(Post 1940008)
What about all the scum bag airlines out there? Wouldn't they just hire the least experienced pilots so they don't have to pay as much in pilot labor costs?
Absolutely they would. |
I love conjecture...it's amusing.
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Republic Says It Cannot Fly The Schedule It Promised Partners
Republic Airways says the ongoing labor dispute with its pilots is in large part why the airline is cutting part of its planned schedule for later this year and the first half of 2016. Republic told investors and employees it is discussing with partner airlines how to both temporarily and permanently reduce its commitments. The airline said the International Brotherhood of Teamsters, the union representing pilots, is increasingly making “unrealistic and unsustainable ... Writing is on the walls. Has been for a while. |
unrealistic and unsustainable? :D
let it shrink until it's gone, if you can't pay at least twice what is currently being paid for pilots your business model is unsustainable... |
If your going to wish yourself out of a job, well... You might as well walk away now
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Originally Posted by JustAMushroom
(Post 1940052)
Republic Says It Cannot Fly The Schedule It Promised Partners
Republic Airways says the ongoing labor dispute with its pilots is in large part why the airline is cutting part of its planned schedule for later this year and the first half of 2016. Republic told investors and employees it is discussing with partner airlines how to both temporarily and permanently reduce its commitments. The airline said the International Brotherhood of Teamsters, the union representing pilots, is increasingly making “unrealistic and unsustainable ... Writing is on the walls. Has been for a while. I don't see other regionals having the problems BB is having. He has poisoned the water so bad at RAH, the corporate culture is ruined by greed. |
Originally Posted by A320ULCC
(Post 1940184)
I love how Bedford went out and got all these airframes, contracts, moved to a larger house, lined his pockets, fired Managers because of bad employee surveys and now screws over the whole airline and investors because he is refusing to pay pilots what they are worth. The BOD should fire him for his incompetence.
I don't see other regionals having the problems BB is having. He has poisoned the water so bad at RAH, the corporate culture is ruined by greed. |
Originally Posted by thump
(Post 1939979)
I'm not so sure about that. American has the largest exposure and would make more sense for to be our DIP.
DL has 66 planes (granted some are E145) AA has 104 planes (all 170/175) UA has 84 planes (all 170 and assuming Q400 fleet to zero) |
Originally Posted by flyguy23
(Post 1940204)
..He has hired seabury, again, to develop a business plan to keep rah around without paying his pilot group. Part of that plan, which will be implemented immediately is to park planes and decrease revenue...
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Originally Posted by Beast
(Post 1940218)
My bet is the Delta flying is at unprofitable rates, so they will go for a pre-packaged bankruptcy to shed those contracts, then emerge with just 170/175 flying. Might be a stronger company for it, or might not. Who knows.
Maybe, but the underlying problem is still there. He can extend the life of the company using such measures, but until he can attract pilots, rah is on borrowed time. I dont think bedford will do what it takes to save this place. Its amazing the board will let him sink the ship without so much as an argument. |
Lots of talk of bankruptcy for a company that still generated a profit...
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Originally Posted by BoilerUP
(Post 1940254)
Lots of talk of bankruptcy for a company that still generated a profit...
Unless they pull down flying SO drastically that they are defaulting on aircraft payments, then there is nothing to see here. The company still has positive cash flow and therefore, bankruptcy doesn't make sense. |
Originally Posted by BoilerUP
(Post 1940254)
Lots of talk of bankruptcy for a company that still generated a profit...
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Originally Posted by Ex lurker
(Post 1940279)
How much did AMR have in the bank when they declared?
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Originally Posted by Beast
(Post 1940218)
My bet is the Delta flying is at unprofitable rates, so they will go for a pre-packaged bankruptcy to shed those contracts, then emerge with just 170/175 flying. Might be a stronger company for it, or might not. Who knows.
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If my hunch is correct, the bankruptcy wouldn't be about profits or money in the bank, it would be about shedding the Delta E145 flying. Worth what you paid me for it
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Originally Posted by SmitteyB
(Post 1940263)
Well said.
Unless they pull down flying SO drastically that they are defaulting on aircraft payments, then there is nothing to see here. The company still has positive cash flow and therefore, bankruptcy doesn't make sense. |
Originally Posted by gojo
(Post 1940325)
Hmmm, how quickly one forgets about American's financial status when they filed
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Originally Posted by gojo
(Post 1940325)
Hmmm, how quickly one forgets about American's financial status when they filed
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Originally Posted by BoilerUP
(Post 1940329)
Was the quarter (or four) immediately preceding their BK filing profitable?
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Originally Posted by Ex lurker
(Post 1940279)
How much did AMR have in the bank when they declared? 5 billion? Bankruptcy seems to have morphed into a process of restructuring bad contracts instead of being the result of actually not having cash.
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RJET down by -50% today?
...restructuring DEBT...which by definition remains serviced if the company is profitable.
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Bankruptcy can happen if you're "insolvent", meaning liabilities exceed assets. It's possible that Republic could juggle their balance sheet to make that happen. Has nothing to do with "default", meaning you didn't pay your bills.
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Originally Posted by Beast
(Post 1940408)
Bankruptcy can happen if you're "insolvent", meaning liabilities exceed assets. It's possible that Republic could juggle their balance sheet to make that happen. Has nothing to do with "default", meaning you didn't pay your bills.
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Originally Posted by Waitingformins
(Post 1940421)
They would be putting all their contracts at risk, and the real issue is what would if give them?
Again, all just speculation, and worth what you paid me for it. |
Originally Posted by Waitingformins
(Post 1940421)
They would be putting all their contracts at risk, and the real issue is what would if give them?
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Originally Posted by chrisreedrules
(Post 1940428)
And at the same time, all of the partners they fly for simply can not allow that feed to disappear quickly. The contracts will remain mostly intact I would think.
A company that generates revenue through contracts wouldn't file a phony BK. The creditors would have to much control of the future of the company. |
Remain calm, we have everything under control.
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The writing was on the wall when BB's house in Carmel went up for sale....
God Bless, |
Originally Posted by prior121
(Post 1940491)
The writing was on the wall when BB's house in Carmel went up for sale....
God Bless, |
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