Republic Airways gets a big dose of bad news

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09-14-2015, 07:25 PM

#181

FAAGoldSealCFI

Banned

Joined APC: Sep 2015

Position: Right DA42/121 newhire

Posts: 58

Just cancelled my class date today!!!!!

09-14-2015, 07:27 PM

#182

amcnd

Gets Weekends Off

Joined APC: Jul 2008

Posts: 4,204

Quote:

Originally Posted by spaaks

Anyone know if skywest's 18 new 175's came out of republic's portfolio or some of their deliveries yet to be taken...etc?

SkyWest orders.. Out of there portfolio

09-14-2015, 07:31 PM

#183

Mesabah

:-)

Joined APC: Feb 2007

Posts: 7,339

What's likely is RAH files ch11, and drops one of its contracts, otherwise it is at risk of losing them all. 9E dumped its UA contract in bankruptcy.

09-14-2015, 08:04 PM

#184

SMACFUM

Gets Weekends Off

Joined APC: Oct 2013

Posts: 516

Quote:

Originally Posted by FAAGoldSealCFI

Just cancelled my class date today!!!!!

Nobody cares, judging by all your previous dumb posts, you were lucky to get hired by them.

09-14-2015, 08:16 PM

#185

web500sjc

Lineholder

Joined APC: Mar 2013

Position: Death by Powerpoint

Posts: 447

Quote:

Originally Posted by SMACFUM

Nobody cares, judging by all your previous dumb posts, you were lucky to get hired by them.

FAAGoldSeal is a troll

09-15-2015, 08:52 AM

#186

GoHomeLeg

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Joined APC: Apr 2014

Posts: 338

Quote:

Originally Posted by dupe

The good thing is jets are relatively fungible. I see RJET negotiating a deal with a major or two and selling jets to lower the debt load.

With a big jet fleet acting as collateral with wings, I think RJET has the ability to kick the can on credit for years. Call it the Great Lakes strategy.

Why would mainline agree to offload planes from Republic when they could just let Republic default and get the aircraft cheaper?

Bottom line: Republic is a sinking ship. Management has painted themselves into a corner with no good options. Even if they offer $40 an hour first year how long will it take before a more "labor friendly" airline tops them and begins siphoning off more RAH pilots?

09-15-2015, 10:54 AM

#187

Maverick

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Joined APC: Nov 2005

Position: 320 fo

Posts: 160

Well AA cosigned for those 47 E175

AA has language in FFD contract to take control of those aircraft in certain cases. Would play out for Envoy as being only AA E175 operator in the future as well as rumors of Envoy E175 base in ORD before summer 2016 travel season. MIA base coming soon(again)!!!!!!

09-15-2015, 10:58 AM

#188

snippercr

Does NOT get weekends off

Joined APC: Jul 2007

Position: ERJ - 145

Posts: 1,631

Quote:

Originally Posted by Maverick

Why would they get rid of one of their most profitable operations...? I am sure there would be other areas that BB would prefer to shed before the cash cows.

09-15-2015, 06:57 PM

#189

dupe

Line Holder

Joined APC: Dec 2014

Posts: 73

Quote:

Originally Posted by GoHomeLeg

Why would mainline agree to offload planes from Republic when they could just let Republic default and get the aircraft cheaper?

Because mainline gets the assets cheaper and easier. Under Ch 11, the committee of creditors gets to determine how assets are liquidated. That process sometimes pits creditor against creditor all while the company is in limbo. The mainlines neither own the assets nor are they creditors, so their ability to even get those assets is questionable.