gojo

I'm not sure where you see the difference. P.T. and the Pinnacle clown group were a joke of a company. That's what the stronger companies do. They prey on the week. I'm not sure how this will turn out, but I wish everyone the best of luck.

Is offline

The senority list went from 3300 To 1800 in 2 years. They never had to furlough. People were smart and were already on other senority list.

SandyDobbs1

In bankruptcy, Republic could ask a judge to cancel unprofitable contracts without the penalties that would be imposed outside court protection. The filing also will allow the company to escape leases for planes it’s not flying or that are too costly.

gojo

Yes, keep going.....

Rabid Seagull

Hopefully the SEC will look into how rjet stock doubled in the last month only to go bankrupt today. Silly Bryan games.

Iowa Farm Boy

Best wishes and Godspeed to the Republic pilots.

The next year or two won't be fun.

Been there, done that.

Don't lose sight of what REALLY matters. And don't forget it's NOT at the airport.

phalanxo

As I more fully describe below, there is a growing, national shortage of
qualified pilots in the United States. This shortage is making it increasingly difficult to maintain
the necessary pilot staffing levels to sustain reliable performance requirements under the
agreements with the Codeshare Partners. As a result of the pilot shortage, Republic has been
forced to ground operating aircraft and reduce scheduled flying for each of the Codeshare
Partners, which has adversely affected Republic’s financial position and cash flows from
operations. Although a new three-year collective bargaining agreement reached with its pilots in
16-10429-shl Doc 4 Filed 02/25/16 Entered 02/25/16 18:18:42 Main Document
Pg 3 of 70
4
late 2015 has enabled Republic to stem the rate of attrition and significantly increase new pilot
hiring, Republic needs time to be able to train new pilots, return more of its idled aircraft to
revenue service, and restore higher levels of scheduled service for the Codeshare Partners.
5. There is an acute national shortage of qualified regional airline pilots. This
shortage is primarily a result of Congressional legislation enacted in 2010, which became
effective in August 2013 and January 2014. The new law imposed (a) more restrictive “time and
duty rest” requirements and (b) a six-fold increase in the minimum flight hour requirements for
new pilots (from 250 hours to 1,500 hours) before new pilots could be considered as “qualified”
for employment as regional airline first officers. The new “time and duty rest” requirements
have increased by approximately 5%-7% the number of pilots that Republic historically needed
to operate its schedules, thereby exacerbating an already acute labor shortage. The new
minimum flight hour requirements have dramatically decreased the pool of qualified and
competent new pilots available for hire by Republic (and other regional airlines) to meet its
increased pilot needs in order to sustain its level of operations.
https://cases.primeclerk.com/RJET/Ho...Mjg0ODY4&id2=0

Wow, you still don't get it Bedford. Still blaming the pilot shortage... and yet why are you the first to be unable to staff and declare BK? Even Great Lakes hasn't declared BK yet.

Geardownflaps30

The 100 aircraft referred to are currently parked. Sitting in the desert. Not being flown. Still paying leases on them. They aren't currently being flown as we haven't had the pilots to fly them for almost two years. RAH doesn't need to LOSE pilots for 100 aircraft that aren't currently being flown. They just need to get out of the leases. This is what 1/2 the bankruptcy is about. Many people offering their wisdom are so clueless it's comical.

Tpinks

I do not currently work for Republic so it does not personally affect me. I do however know around 10 pilots there ranging from captains to new hires just entering training that it does affect. And even right now, It still remains one of my top regionals to go to, simply for the fact that I am from Pittsburgh and can base at home. But that could change in time.

I agree it will probably be very bumpy, but we are only 4 hours into the announcement and you have fellow "professionals" on this forum telling people the sky is falling and to jump ship immediately and that they were stupid to take the job there in the first place.

There is so much that is still unknown and this process is just starting, nobody that is affected by this should be making any sort of decision until YX is either out of BK or nearly out. Only then will we know what the conditions will be and only then can anyone make any rational decision.

Avroman

This stinks of Pinnacle/Colgan back in 2011.... Just get the contract done, "we'll take care of it for you" (Delta). Then they took too much and put their golden goose on life support....now they are paying LCC wages to a regional to keep it running. My vote then was a big fat no to concessions... the results of those concessions was nearly fatal to the company. In this environment, the company CAN'T pay less to the crews. If that's the only way to save the company, it's already dead. Move on NOW!