SkyWest Ends its Midwest Agreement
06-08-2009, 04:59 PM
#1
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Skywest done baking cookies
Republic ups loan to Midwest, adds small aircraft to the current deal
Republic Airways Holdings has agreed to loan a further $6 million to Midwest airlines and add 12 37-50-seat jets to flying Republic current conducts on behalf of Midwest.
Prior to the latest loan, Republic has supplied $25 million in loans to Midwest. An original $15 million loan coincided with the two companies reaching a deal for Republic to fly 12 70-seat Embraer E-170s for Midwest.
Last month the agreement was broadened to include two extended range Embraer E-190 aircraft that are scheduled to start service in August and September.
Republic detailed the latest changes to its relationship with Midwest in a filing with US regulators. The 12 smaller jets are scheduled to enter service by January 2010. The company says all the aircraft will be sourced from its existing fleet or through a third party lessor.
Republic just keeps on dishing our more and more money. I wonder when Midwest burns down if Republic will burn with it. Don't know how many people would even care...
Republic Airways Holdings has agreed to loan a further $6 million to Midwest airlines and add 12 37-50-seat jets to flying Republic current conducts on behalf of Midwest.
Prior to the latest loan, Republic has supplied $25 million in loans to Midwest. An original $15 million loan coincided with the two companies reaching a deal for Republic to fly 12 70-seat Embraer E-170s for Midwest.
Last month the agreement was broadened to include two extended range Embraer E-190 aircraft that are scheduled to start service in August and September.
Republic detailed the latest changes to its relationship with Midwest in a filing with US regulators. The 12 smaller jets are scheduled to enter service by January 2010. The company says all the aircraft will be sourced from its existing fleet or through a third party lessor.
Republic just keeps on dishing our more and more money. I wonder when Midwest burns down if Republic will burn with it. Don't know how many people would even care...
06-08-2009, 05:05 PM
#3
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SkyWest Ends its Midwest Agreement
In a letter dated June 8, 2009 from Chip Childs to All SkyWest employees:
"Today SkyWest and Midwest Airlines have mutually decided to end our code-sharing relationship, with an anticipated completion by the end of January 2010. You are all aware of the difficulties facing Midwest over the last 18 months, and we have been closely evaluating our options to ensure our operation remains secure. They have continued to ask for concessions, and while a healthy partner is clearly best for SkyWest, we decided the best option for both airlines was to end our partnership.
To begin the transition, two CRJ200s will be removed from Midwest service this summer to be utilized as spares throughout our system. The remaining 10 aircraft will be removed incrementally from October through January 2010."
In terms of revenue and daily departures, Midwest currently represents just over two percent of SkyWest's total operation.
"Today SkyWest and Midwest Airlines have mutually decided to end our code-sharing relationship, with an anticipated completion by the end of January 2010. You are all aware of the difficulties facing Midwest over the last 18 months, and we have been closely evaluating our options to ensure our operation remains secure. They have continued to ask for concessions, and while a healthy partner is clearly best for SkyWest, we decided the best option for both airlines was to end our partnership.
To begin the transition, two CRJ200s will be removed from Midwest service this summer to be utilized as spares throughout our system. The remaining 10 aircraft will be removed incrementally from October through January 2010."
In terms of revenue and daily departures, Midwest currently represents just over two percent of SkyWest's total operation.
06-08-2009, 05:11 PM
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06-08-2009, 05:12 PM
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Replacing...skywest will no longer fly for Midwest. 130 pilots need to find a new base!
But I truly hope that no SKW pilot says "they stole our flying". We all know that Republic is going to soon have a industry leading contract...like getting paid for XNCLED flights
But I truly hope that no SKW pilot says "they stole our flying". We all know that Republic is going to soon have a industry leading contract...like getting paid for XNCLED flights
06-08-2009, 05:14 PM
#7
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Posts: 77
Well, ol' BB is a money-making, mad-man of a machine, so if RAH does fail, it will be a total shock to most of us....but then, we have no idea what goes on at the Crystal Palace behind those closed doors. He's up to sumpin with throwing out all this cash in every which way.....
06-08-2009, 05:16 PM
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Huh? You know something we don't or are you being sarcastic?? Getting paid for cancelled flights......right, when h*ll freezes over, dude.
06-08-2009, 05:17 PM
#9
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Posts: 867
The cookies were never baked, just reheated.
Midwest Airlines getting $12 million in financing
By Tom Daykin of the Journal Sentinel
Posted: Jun. 8, 2009 5:22 p.m.
Midwest Airlines Inc. is getting additional financing from Indianapolis-based Republic Airways Holdings Inc., another sign of Republic's increasingly important role in the fate of the financially troubled carrier.
Republic has agreed to loan Midwest an additional $6 million, according to a filing Monday with the Securities and Exchange Commission.
The Republic loan is being match by $6 million in additional financing from TPG Capital, which holds a 53% stake in Midwest. That's according to a source who saw a memo about the Republic and TPG financing.
Also, Republic's contract to fly jets for Midwest Airlines and Midwest Connect is growing, the filing says.
Republic will add 12 Embraer regional jets, with 37 seats to 50 seats apiece, to the contract. All of those jets will begin flying for Midwest by January, the filing says.
Those Republic jets will replace the 12 50-seat CRJ200 regional jets now flown for Midwest by St. George, Utah-based SkyWest Inc.
Midwest Airlines getting $12 million in financing
By Tom Daykin of the Journal Sentinel
Posted: Jun. 8, 2009 5:22 p.m.
Midwest Airlines Inc. is getting additional financing from Indianapolis-based Republic Airways Holdings Inc., another sign of Republic's increasingly important role in the fate of the financially troubled carrier.
Republic has agreed to loan Midwest an additional $6 million, according to a filing Monday with the Securities and Exchange Commission.
The Republic loan is being match by $6 million in additional financing from TPG Capital, which holds a 53% stake in Midwest. That's according to a source who saw a memo about the Republic and TPG financing.
Also, Republic's contract to fly jets for Midwest Airlines and Midwest Connect is growing, the filing says.
Republic will add 12 Embraer regional jets, with 37 seats to 50 seats apiece, to the contract. All of those jets will begin flying for Midwest by January, the filing says.
Those Republic jets will replace the 12 50-seat CRJ200 regional jets now flown for Midwest by St. George, Utah-based SkyWest Inc.
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