Any "Latest & Greatest" about Delta?
Gets Weekends Off
Joined APC: Feb 2007
Position: FO
Posts: 3,044
Kinda funny to see the picture of that C series in Republic paint, that paint scheme flying on any of their other airplanes? Or are they all painted in Delta or United colors? When does our contract with RAH finished? Around 2015 when they first C series is supposed to show up?
From the quarterly report:
e10vk
CHQ 2016
Shuttle 2019
ASA/SKY 2020
Freedom 2012
PCL (CR2) 2017
PCL (CR9) 2019
CHQ 2016
Shuttle 2019
ASA/SKY 2020
Freedom 2012
PCL (CR2) 2017
PCL (CR9) 2019
Contingencies Related to Termination of Contract Carrier Agreements
We may terminate the Chautauqua and Shuttle America agreements without cause at any time after May 2010 and January 2016, respectively, by providing certain advance notice. If we terminate either the Chautauqua or Shuttle America agreements without cause, Chautauqua or Shuttle America, respectively, has the right to (1) assign to us leased aircraft that the airline operates for us, provided we are able to continue the leases on the same terms the airline had prior to the assignment and (2) require us to purchase or lease any of the aircraft that the airline owns and operates for us at the time of the termination. If we are required to purchase aircraft owned by Chautauqua or Shuttle America, the purchase price would be equal to the amount necessary to (1) reimburse Chautauqua or Shuttle America for the equity it provided to purchase the aircraft and (2) repay in full any debt outstanding at such time that is not being assumed in connection with such purchase. If we are required to lease aircraft owned by Chautauqua or Shuttle America, the lease would have (1) a rate equal to the debt payments of Chautauqua or Shuttle America for the debt financing of the aircraft calculated as if 90% of the aircraft was debt financed by Chautauqua or Shuttle America and (2) other specified terms and conditions.
We estimate that the total fair values, determined as of December 31, 2009, of the aircraft that Chautauqua or Shuttle America could assign to us or require that we purchase if we terminate without cause our contract carrier agreements with those airlines (the “Put Right”) are approximately $200 million and $440 million, respectively. The actual amount that we may be required to pay in these circumstances may be materially different from these estimates. If the Chautauqua or Shuttle America Put Right is exercised, we must also pay the exercising carrier 10% interest (compounded monthly) on the equity the carrier provided when it purchased the put aircraft. These equity amounts for Chautauqua and Shuttle America total $25 million and $52 million, respectively.
Welcome to the forum and the Delta Uber thread Try and keep up because it moves quick
In regards to the C-Series and RAH. Personally i dont think they'll make it long enough to see that jet airborne but thats just me. Also, they ordered that plane for their own brand of flying not for any "regional" feed.
SCOPE giveaways are done and if that airplane is flown it will be flown at the mainline level!
Reference my signature for further details
vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv
SCOPE giveaways are done and if that airplane is flown it will be flown at the mainline level!
Reference my signature for further details
vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv
Gets Weekends Off
Joined APC: Feb 2007
Position: FO
Posts: 3,044
Did the codeshare with Midwest go away when RAH bought them? or does it still exist?
New Hire
Joined APC: Mar 2010
Posts: 1
Post deleted.
Last edited by acl65pilot; 03-26-2010 at 10:23 AM. Reason: Familbait.
New NC
Scrappy -chair
Heiko K
Matt C
Dan V
Scrappy -chair
Heiko K
Matt C
Dan V
Last edited by acl65pilot; 03-26-2010 at 08:48 AM.
welcome aboard! Participate and spread the word.....
V/R, TC
Where are you on the 73? I'm LA-based.
Buzz
Gets Weekends Off
Joined APC: Feb 2009
Position: 320B
Posts: 781
The key word in the report you pasted is "cause." If DAL in house legal department can accumulate enough facts to substantiate their claim that they have the valid "cause," to terminate contract with Shuttle America, CHQ or, whatever they call themselves, you can bet your money DAL will.
Same goes for all DCI contracts.
Same goes for all DCI contracts.
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