Republic after the contract
03-24-2016 | 09:52 PM
#632
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From: Piloto
I belive the ultimate goal was to sell the Chautauqua certificate with a bunch of unprofitable 145s. This deal could turn out bad for either Endeavor or Republic. Perhaps both.
Delta may have just gotten 2000+ pilots for only 30 planes worth of flying. This could be bad for the 20k retention bonus that the folks at Endeavor have been enjoying. Hopefully their contract protects them.
Republic may be looking at a significant reduction in flying if Delta move to aquire them outright. The rumor that Endeavor is starting up a 175 training program would also scare me if I were at Republic.
Overall I hope it works out for the folks at each individual regional. I still have friends at both.
Delta may have just gotten 2000+ pilots for only 30 planes worth of flying. This could be bad for the 20k retention bonus that the folks at Endeavor have been enjoying. Hopefully their contract protects them.
Republic may be looking at a significant reduction in flying if Delta move to aquire them outright. The rumor that Endeavor is starting up a 175 training program would also scare me if I were at Republic.
Overall I hope it works out for the folks at each individual regional. I still have friends at both.
03-25-2016 | 01:55 AM
#634
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Ya know what. Which one of those is outside the realm of possibilities? As many have pointed out Republic owns the delta birds outright. 85 mil for 30 planes is a good deal. Thrown in the fact delta can cut 120 planes worth of competition flying virtually overnight during a regional "pilot shortage" and it quickly becomes quite plausible. Now tell me how that can't happen.
03-25-2016 | 05:21 AM
#638
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Also, just because Delta is providing the DIP financing, does that mean republic actually has to take it (all)?
Delta is not even on the creditors board, so I still doubt Delta is making a move to acquire republic.
Delta is not even on the creditors board, so I still doubt Delta is making a move to acquire republic.
03-25-2016 | 05:32 AM
#639
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So you still believe Delta would offer 75 million just to help Repubic, which in return helps United and American too? If so then you don't know Delta
03-25-2016 | 06:35 AM
#640
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There is a lot of information that is being ignored that is a part of this deal including slot leases and ground handling contracts. That 75 million could be tied with those deals.
There is a lot at play here and this is only from 1/3 of the partner airlines. There is still a lot to be seen.
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