Will ExpressJet survive this?

Subscribe
36  42  43  44  45  46  47  48  49  50  56  96  146 
Page 46 of 148
Go to
Quote: I don't have a direct answer to this, but take a step back and approach it from a pragmatic perspective. If there wasn't a way, would they still be in negotiations nearly 3 weeks later? Conventional wisdom would dictate at this point it's the details being sorted out, not the basic question of if.

I can speak for YX and say they're currently negotiating a valuation of the company and waiting for our stakeholders to approve a change to our bylaws that allows us to issue an equity stake to the Treasury.

There's almost always a way.
I don’t know either, but people running around saying that XJT will be around as long as United is are selling a false hope. XJT could survive, thrive, or fail during this mess. With the comments made by United about 50 seat flying, and the devastating impact on the airlines that this pandemic has caused, XJT is far from a sure bet.
Reply
Quote: I don’t know either, but people running around saying that XJT will be around as long as United is are selling a false hope. XJT could survive, thrive, or fail during this mess. With the comments made by United about 50 seat flying, and the devastating impact on the airlines that this pandemic has caused, XJT is far from a sure bet.
i give it 50/50 that XJT will be around in a year
Reply
Quote: How will Republic pay the notes on those when the CARES act only pays for about 75% of wages and nothing towards operating expenses?

Did Republic inflate their asking amount? Would think their ask is significantly above $100M?

Can Republic file bankruptcy again since they already filed a few years ago?
We have a good cash reserve lying around, and while it's drastically reduced, our income from our CPAs is not zero. Beyond that, I don't have specifics. We are definitely trying to streamline/cut costs right now. We let go 5% of our workforce today, all non-crew. Sad times for a lot of good people.

We asked for $271 million and received $206 million. That was equal to the 74% pro-rata everyone else received. I don't believe there was a way to "inflate" an asking amount as it was based on readily-verifiable payroll data from last year.

No idea about the bankruptcy. I don't think that is an imminent concern.
Reply
Quote: Another simple question. Why does a 50+ year old regional lifer troll other regional airline boards.

“Mom!!!!.....meatloaf”

You better run.
You keep saying 50+, not sure what that’s about.. Mom, meatloaf?
Reply
Quote: Lol.....perfect.
What does your CEO say about the loan??
Reply
Quote: What does your CEO say about the loan??
My soon-to-be CEO said he doesn’t foresee any 50-seaters operating after this is all over. (To paraphrase)

*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........

Meh.....you can come, too.
Reply
Quote: My soon-to-be CEO said he doesn’t foresee any 50-seaters operating after this is all over. (To paraphrase)

*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........

Meh.....you can come, too.
Scott Kirby is doing another town hall next Friday. Hopefully he clarifies what he sees for the fleet. Is it almost gone, a thing of the past, or a significant reduction? Either way, being on a 50 seat jet is a risky spot going forward.
Reply
Quote: My soon-to-be CEO said he doesn’t foresee any 50-seaters operating after this is all over. (To paraphrase)

*that would include the CRJ550, I would imagine. Not so good for you. Ideally, ALL the 50-seaters get shut down and mainline carriers hire all those pilots when things recover. Except maybe you.........

Meh.....you can come, too.
Soon to be CEO?? I asked about the loan not the future of 50 seaters. Read bro read
Reply
Furloughs has begun, guys at Mesa are already getting the letters.
Reply
Quote: I guess you meant United’s 49% and Mana Air (UAL investors group) 51%.

XJT is in pretty good shape financially compared to some other UAX carriers.
You think? Skywest loaned 26 mil to Kair enterprise ( UAL investors group) what happens when they default on the loan? Investing 101, don’t borrow money to invest..lol
Would SkyWest take the company over again since UAL can’t own a regional?
Reply
36  42  43  44  45  46  47  48  49  50  56  96  146 
Page 46 of 148
Go to