RAH files for Chapter 11 bankruptcy
02-26-2016, 05:47 AM
#161
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Joined APC: Dec 2015
Posts: 146
Republic has LOAs from all mainline partners already. Not 1 170 will be parked. The 145s will be gone, but everyone already knew that. This filing was to remove all 145s from the books and eliminate the massive cost associated with them. Keep an eye on the press releases as this moves along. It's all about the 145s. There will be no furloughs or even the threat of a furlough.
Don't 145s make up over a third of their fleet? Not to mention the q400s. How can you park that many airplanes and not have to furlough?
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02-26-2016, 05:48 AM
#162
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Joined APC: Jun 2009
Posts: 599
02-26-2016, 05:53 AM
#163
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Joined APC: Jan 2015
Posts: 148
While taking the blame yourself could be a Christian thing to do, i wouldn't hold your breath here.
You can also think of this as another stick to get Congress and the FAA to roll back the 1,500 hour requirement.
Don't hold your breath for the Press Release that says: '... I messed up and didn't unload all those baby Brasilian jets fast enough. Not my fault the frickin' Canadians couldn't build the new shiny big jet fast enough and I could start Frontier III and forget this puddle-jumping nonsense. Not my fault I didn't negotiate the right capacity purchase agreement clauses with the Big 3....'
It's easier to blame Washington. It's popular, we love our guy when he/she's home, but that air in DC just messes everyone up.
Fault? ain't got no stinkin' fault around here.
02-26-2016, 05:58 AM
#165
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Position: I pilot
Posts: 2,049
02-26-2016, 06:00 AM
#166
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Joined APC: May 2010
Posts: 310
Just like the Pinnacle BK this has been in the works for years.
Buy airlines, merge them, fold them, put aircraft orders for business you don't have, improve pay, increase training costs.
Everything the last several years was done with this specifically in mind. They had discussions with Seabury Group back in 2012. This is what Seabury does.
They will probably look for some tweaks in the CPA's and the Pilot contract to allow them greater ability to shut Shuttle down and bring all flying under one certificate. Among other cost saving measures from other carious contracts.
AA had billions on hand in their last bankruptcy. Cash on hand isn't a metric that necessarily matters.
Buy airlines, merge them, fold them, put aircraft orders for business you don't have, improve pay, increase training costs.
Everything the last several years was done with this specifically in mind. They had discussions with Seabury Group back in 2012. This is what Seabury does.
They will probably look for some tweaks in the CPA's and the Pilot contract to allow them greater ability to shut Shuttle down and bring all flying under one certificate. Among other cost saving measures from other carious contracts.
AA had billions on hand in their last bankruptcy. Cash on hand isn't a metric that necessarily matters.
02-26-2016, 06:08 AM
#167
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Joined APC: Nov 2013
Position: Piloto
Posts: 323
Sorry to hear that - a hard pill to swallow. Given all that has been written recently about Republic and all of the growth seen at other regionals offering flow-through agreements to the legacies, why did you choose Republic in the first place? I would go elsewhere now.
Another question: who picks up the Bombardier CS300 orders and options for cheap?????
Another question: who picks up the Bombardier CS300 orders and options for cheap?????
crazy how many guys just fart statements out. RAH was out of these CS for a while, no money down, planes won't be cheaper due to that but in view of the challenges Bombardier has to sell them and the company's financial trouble (7,000 lay offs) those CS will surely come cheaper
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02-26-2016, 06:16 AM
#168
Need More Flight Time!
Joined APC: Jan 2006
Position: Flight Simulator X
Posts: 400
02-26-2016, 06:20 AM
#169
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Joined APC: Mar 2014
Position: C172 Captain
Posts: 643
http://www.ch-aviation.com/portal/news/44305-republic-holdings-eyes-singular-aoc-by-year-end
02-26-2016, 06:22 AM
#170
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Joined APC: Dec 2015
Posts: 634
Bombardier's C Series Jet Earns Praise From Delta's Chief - Bloomberg Business
“At the right price, it’s quite a competitive airplane, particularly given the engine technology,” Delta Chief Executive Officer Richard Anderson
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