Compass Updates 2: Revenge of the Sit
#322
Line Holder
Joined APC: Dec 2016
Position: Part-Time Uber Driver
Posts: 63
At least we might get FLICA back.
#323
Gets Weekends Off
Joined APC: Apr 2011
Posts: 644
is it just me, or does that website scream Fake/troll.. $179 for a year subscription? LOL
#325
Gets Weekends Off
Joined APC: Aug 2014
Posts: 845
That is Jon's website. He left the WSJ and is full time with that website now. Still not worth the cost for me but it's a legit website.
#328
New Hire
Joined APC: Jul 2018
Posts: 4
How about we all pool our money together and buy the $179 subscription so we can find out what the second paragraph says. Since no one appears to have a membership.
#329
Apparently someone on the TSA thread has one. They posted this:
Unread Today, 08:06 PM #297
TCASTESTOK
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Heres the article.
Quote:
Airlines
Jon Ostrower
August 1, 2018
3 Min Read
Republic Airways is nearing a deal to buy Trans States
Another wave of U.S. airline consolidation is here.
Updated with Republic Airways declining to comment.
Republic Airways is nearing a deal to acquire U.S. regional airline Trans States Holdings, according to three people briefed on the matter.
The merger of the second and third largest regional airlines would mark another major consolidation in the U.S., where regional carriers have struggled to stay afloat amid a severe shortage of qualified aviators.
The pair recently signed a Memorandum of Understanding establishing the preliminary terms for the acquisition, according to two of the people briefed on the talks. A formal announcement is expected as early as later this month. Both companies are privately held.
A spokesman for Indianapolis-based Republic Airways declined to comment. A spokeswoman for Bridgeton, Missouri-based Trans States didn’t immediately respond to a request for comment.
Republic Airways and Trans States Holdings operates Go Jet Airlines, Compass Airlines and Trans States Airlines on behalf of the three largest U.S. airlines. The combined carrier would be roughly 75% of the size of SkyWest Airways, the largest U.S. regional carrier, measured by Available Seat Miles in 2017.
“They’ve got to have a volume game, because their margins are being squeezed” by the three major U.S. airlines, said Henry Harteveldt, founder of the Atmosphere Research Group.
And despite Republic’s profitability, the carrier filed for bankruptcy in 2016 citing the acute shortage of pilots as part of its need to revamp its corporate operations. Republic exited Chapter 11 bankruptcy restructuring in April 2017.
Further, said Harteveldt, “one of of the big benefits is getting access to Trans States pilot corps.”
The union could also have broad implications for the manufacturers of regional jets, removing a customer from the market as part of the overall consolidation. The deal could potentially be a major blow to Mitsubishi’s ambitions to secure a spot for its new Mitsubishi Regional Jet in The U.S..
Trans States holds a commitment for 50 airplanes, but has so far been limited by scope clauses that limit operation of the MRJ90 in the U.S. Trans States, along with Sky West, has options to convert to the 76 seat MRJ70. Republic is exclusively a user of Embraer aircraft and at the Farnborough Airshow signed an agreement committing to 100 additional E175 jets.
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Unread Today, 08:29 PM #298
KCaviator
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Quote:
Originally Posted by linuxid10t View Post
No idea how Republic is planning on funding this if they are buying Trans States Holdings. My impression was that Uncle Hulas has far more cash than Republic.
Republic is owned by American, Delta, United, Embraer, and GE... I think the money is there.
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