RAH files for Chapter 11 bankruptcy
02-29-2016, 05:42 AM
#311
Gets Weekends Off
Joined APC: Nov 2013
Position: Piloto
Posts: 323
Regional Airline Association Statement on Republic Airways Bankruptcy
Friday, February 26, 2016
Posted by: RAA Media
Click here for PDF version.
For Immediate Release
February 26, 2016
Regional Airline Association Statement on Republic Airways Bankruptcy
Washington, DC –The Regional Airline Association (RAA) stands in support of Republic Airways and its employees as the airline enters into the Chapter 11 process. Republic Airways has been forced to ground numerous aircraft due to a lack of qualified pilots available to be hired to fly for the airline. This shortage has translated into a loss of revenue that has ultimately resulted in a need to file for bankruptcy protection.
RAA President, Faye Malarkey Black, said that the problem of pilot supply is not limited to Republic Airways, but is endemic throughout the regional airline industry. As unprecedented numbers of major airline pilots reach mandatory retirement age, those airlines are hiring regional airline pilots at a rate that outpaces the supply of new pilots available to regional airline flight decks.
Said Black, “Base salaries for new hires have increased steadily and many airlines have even offered signing and retention bonuses to attract and retain pilots, yet the number of qualified applicants for jobs at regional airlines is far below demand.”
Black indicated that while regional airlines received ample applications last year from pilots qualified to Federal standards, far fewer were able to successfully withstand the regional airlines own screening and training process. As a result, regional airlines like Republic Airways can’t keep up with the loss of pilots flowing to mainline carriers.
“Something must be done to fix the broken pipeline of pilots, and it can and must be done while ensuring America’s skies remain the safest in the world.” The RAA urges policymakers to consider airline-based, safety-first proposals to reconnect the pilot pipeline, restore more career certainty to the profession, and ensure airlines may once again hire the most proficient pilots.
About RAA
The Regional Airline Association (RAA) provides a unified voice of advocacy for North American regional airlines aimed at promoting a safe, reliable, and robust regional airline industry. The RAA serves as an important support network connecting regional airlines, industry business partners, and government regulators in bolstering the industry; as well as promoting regional airline interests in a changing business and policy environment. With more than 11,200 regional airline flights every day, regional airlines operate 45 percent of the nation's commercial schedule.
Friday, February 26, 2016
Posted by: RAA Media
Click here for PDF version.
For Immediate Release
February 26, 2016
Regional Airline Association Statement on Republic Airways Bankruptcy
Washington, DC –The Regional Airline Association (RAA) stands in support of Republic Airways and its employees as the airline enters into the Chapter 11 process. Republic Airways has been forced to ground numerous aircraft due to a lack of qualified pilots available to be hired to fly for the airline. This shortage has translated into a loss of revenue that has ultimately resulted in a need to file for bankruptcy protection.
RAA President, Faye Malarkey Black, said that the problem of pilot supply is not limited to Republic Airways, but is endemic throughout the regional airline industry. As unprecedented numbers of major airline pilots reach mandatory retirement age, those airlines are hiring regional airline pilots at a rate that outpaces the supply of new pilots available to regional airline flight decks.
Said Black, “Base salaries for new hires have increased steadily and many airlines have even offered signing and retention bonuses to attract and retain pilots, yet the number of qualified applicants for jobs at regional airlines is far below demand.”
Black indicated that while regional airlines received ample applications last year from pilots qualified to Federal standards, far fewer were able to successfully withstand the regional airlines own screening and training process. As a result, regional airlines like Republic Airways can’t keep up with the loss of pilots flowing to mainline carriers.
“Something must be done to fix the broken pipeline of pilots, and it can and must be done while ensuring America’s skies remain the safest in the world.” The RAA urges policymakers to consider airline-based, safety-first proposals to reconnect the pilot pipeline, restore more career certainty to the profession, and ensure airlines may once again hire the most proficient pilots.
About RAA
The Regional Airline Association (RAA) provides a unified voice of advocacy for North American regional airlines aimed at promoting a safe, reliable, and robust regional airline industry. The RAA serves as an important support network connecting regional airlines, industry business partners, and government regulators in bolstering the industry; as well as promoting regional airline interests in a changing business and policy environment. With more than 11,200 regional airline flights every day, regional airlines operate 45 percent of the nation's commercial schedule.
02-29-2016, 05:44 AM
#312
Gets Weekends Off
Joined APC: Nov 2013
Position: Piloto
Posts: 323
FEB 26, 2016 @ 11:55 AM 711 VIEWS
Republic Airways Files For Bankruptcy
Grant Martin , CONTRIBUTOR
"Republic Airways filed for bankruptcy Thursday, citing a lack of pilots to keep it solvent. If you’ve never heard of Republic Airways, there’s a good reason: American Airlines, Delta Air Lines and United Airlines use Republic as a feeder carrier for smaller flights, using Republic aircraft and crew to operate flights but predominantly retaining the mainline carrier’s brand on aircraft and marketing material. Republic plays a considerable role in supporting those carriers, however, operating hundreds of short-haul flights on Embraer and Bombardier aircraft each day.
Republic airways is the first carrier to go bankrupt since American Airlines filed for Chapter 11 in 2011. Interestingly, Republic is also one of the first airlines to file for bankruptcy because of a pilot shortage rather than profitability issues. Currently, most airlines are enjoying record profits as the price of jet fuel stays low and ticket prices start to rise. But because of that stronger industry, many pilots are choosing to seek employ with major or mainline carriers rather than joining a feeder airline. According to Bloomberg, Republic was only able to hire and train 30 pilots each month while as many as 40 were leaving the company.
Past the pilot issue, Republic also has a host of partner contracts that it needs to renegotiate. According to Seth Miller, the airline was stuck in a handful of non-negotiable contracts that were constraining operations. Through this bankruptcy, many of the contracts may now be open to cancellation.
Like in other aviation bankruptcies, not much will immediately change in terms of the passenger experience. Over the next several months, Republic will take the opportunity to renegotiate contracts with partner carriers and build out its pilot base. During that process, the carrier will operate as normal and no currently-booked flights will be disrupted."
Republic Airways Files For Bankruptcy
Grant Martin , CONTRIBUTOR
"Republic Airways filed for bankruptcy Thursday, citing a lack of pilots to keep it solvent. If you’ve never heard of Republic Airways, there’s a good reason: American Airlines, Delta Air Lines and United Airlines use Republic as a feeder carrier for smaller flights, using Republic aircraft and crew to operate flights but predominantly retaining the mainline carrier’s brand on aircraft and marketing material. Republic plays a considerable role in supporting those carriers, however, operating hundreds of short-haul flights on Embraer and Bombardier aircraft each day.
Republic airways is the first carrier to go bankrupt since American Airlines filed for Chapter 11 in 2011. Interestingly, Republic is also one of the first airlines to file for bankruptcy because of a pilot shortage rather than profitability issues. Currently, most airlines are enjoying record profits as the price of jet fuel stays low and ticket prices start to rise. But because of that stronger industry, many pilots are choosing to seek employ with major or mainline carriers rather than joining a feeder airline. According to Bloomberg, Republic was only able to hire and train 30 pilots each month while as many as 40 were leaving the company.
Past the pilot issue, Republic also has a host of partner contracts that it needs to renegotiate. According to Seth Miller, the airline was stuck in a handful of non-negotiable contracts that were constraining operations. Through this bankruptcy, many of the contracts may now be open to cancellation.
Like in other aviation bankruptcies, not much will immediately change in terms of the passenger experience. Over the next several months, Republic will take the opportunity to renegotiate contracts with partner carriers and build out its pilot base. During that process, the carrier will operate as normal and no currently-booked flights will be disrupted."
02-29-2016, 08:38 AM
#314
Need More Flight Time!
Joined APC: Jan 2006
Position: Flight Simulator X
Posts: 400
Stupid biatch. Clearly the regional airlines have not increased their pay sufficiently to attract and retain talent.
02-29-2016, 08:59 AM
#315
Gets Weekends Off
Joined APC: Dec 2007
Position: Hot tub for now
Posts: 1,203
Regional Airline Association Statement on Republic Airways Bankruptcy
Friday, February 26, 2016
Posted by: RAA Media
Click here for PDF version.
For Immediate Release
February 26, 2016
Regional Airline Association Statement on Republic Airways Bankruptcy
Washington, DC –The Regional Airline Association (RAA) stands in support of Republic Airways and its employees as the airline enters into the Chapter 11 process. Republic Airways has been forced to ground numerous aircraft due to a lack of qualified pilots available to be hired to fly for the airline. This shortage has translated into a loss of revenue that has ultimately resulted in a need to file for bankruptcy protection.
RAA President, Faye Malarkey Black, said that the problem of pilot supply is not limited to Republic Airways, but is endemic throughout the regional airline industry. As unprecedented numbers of major airline pilots reach mandatory retirement age, those airlines are hiring regional airline pilots at a rate that outpaces the supply of new pilots available to regional airline flight decks.
Said Black, “Base salaries for new hires have increased steadily and many airlines have even offered signing and retention bonuses to attract and retain pilots, yet the number of qualified applicants for jobs at regional airlines is far below demand.”
Black indicated that while regional airlines received ample applications last year from pilots qualified to Federal standards, far fewer were able to successfully withstand the regional airlines own screening and training process. As a result, regional airlines like Republic Airways can’t keep up with the loss of pilots flowing to mainline carriers.
“Something must be done to fix the broken pipeline of pilots, and it can and must be done while ensuring America’s skies remain the safest in the world.” The RAA urges policymakers to consider airline-based, safety-first proposals to reconnect the pilot pipeline, restore more career certainty to the profession, and ensure airlines may once again hire the most proficient pilots.
About RAA
The Regional Airline Association (RAA) provides a unified voice of advocacy for North American regional airlines aimed at promoting a safe, reliable, and robust regional airline industry. The RAA serves as an important support network connecting regional airlines, industry business partners, and government regulators in bolstering the industry; as well as promoting regional airline interests in a changing business and policy environment. With more than 11,200 regional airline flights every day, regional airlines operate 45 percent of the nation's commercial schedule.
Friday, February 26, 2016
Posted by: RAA Media
Click here for PDF version.
For Immediate Release
February 26, 2016
Regional Airline Association Statement on Republic Airways Bankruptcy
Washington, DC –The Regional Airline Association (RAA) stands in support of Republic Airways and its employees as the airline enters into the Chapter 11 process. Republic Airways has been forced to ground numerous aircraft due to a lack of qualified pilots available to be hired to fly for the airline. This shortage has translated into a loss of revenue that has ultimately resulted in a need to file for bankruptcy protection.
RAA President, Faye Malarkey Black, said that the problem of pilot supply is not limited to Republic Airways, but is endemic throughout the regional airline industry. As unprecedented numbers of major airline pilots reach mandatory retirement age, those airlines are hiring regional airline pilots at a rate that outpaces the supply of new pilots available to regional airline flight decks.
Said Black, “Base salaries for new hires have increased steadily and many airlines have even offered signing and retention bonuses to attract and retain pilots, yet the number of qualified applicants for jobs at regional airlines is far below demand.”
Black indicated that while regional airlines received ample applications last year from pilots qualified to Federal standards, far fewer were able to successfully withstand the regional airlines own screening and training process. As a result, regional airlines like Republic Airways can’t keep up with the loss of pilots flowing to mainline carriers.
“Something must be done to fix the broken pipeline of pilots, and it can and must be done while ensuring America’s skies remain the safest in the world.” The RAA urges policymakers to consider airline-based, safety-first proposals to reconnect the pilot pipeline, restore more career certainty to the profession, and ensure airlines may once again hire the most proficient pilots.
About RAA
The Regional Airline Association (RAA) provides a unified voice of advocacy for North American regional airlines aimed at promoting a safe, reliable, and robust regional airline industry. The RAA serves as an important support network connecting regional airlines, industry business partners, and government regulators in bolstering the industry; as well as promoting regional airline interests in a changing business and policy environment. With more than 11,200 regional airline flights every day, regional airlines operate 45 percent of the nation's commercial schedule.
Pilots are not coming to the regional because:
The regionals made themselves a stepping stone on purpose to keep labor costs down. The regional pilot shortage is just an evolution of the B scale airline model.
You can only pay so little for so long and offer no career progression before it all implodes.
Lowering the standards for entry into the industry may solve the problem. But at what cost?
02-29-2016, 09:13 AM
#317
Banned
Joined APC: Sep 2015
Posts: 85
Yep. They've kicked the can down the road as far as it's gonna go.
The 1500 hour rule isn't a FAA regulation. It's federal law. As in, an act of Congress. Not some bureaucratic, whimsical decree.
How people don't understand that is mind-bottling.
02-29-2016, 09:59 AM
#318
Gets Weekends Off
Joined APC: Dec 2007
Position: Hot tub for now
Posts: 1,203
Yep. They've kicked the can down the road as far as it's gonna go.
No, it won't. And good luck trying to get Congress to rescind the law.
The 1500 hour rule isn't a FAA regulation. It's federal law. As in, an act of Congress. Not some bureaucratic, whimsical decree.
How people don't understand that is mind-bottling.
No, it won't. And good luck trying to get Congress to rescind the law.
The 1500 hour rule isn't a FAA regulation. It's federal law. As in, an act of Congress. Not some bureaucratic, whimsical decree.
How people don't understand that is mind-bottling.
I don't think you understand that money and capitalism will change regulation. For better or worse.
02-29-2016, 10:12 AM
#320
Banned
Joined APC: Oct 2014
Posts: 2,137
Yep. They've kicked the can down the road as far as it's gonna go.
No, it won't. And good luck trying to get Congress to rescind the law.
The 1500 hour rule isn't a FAA regulation. It's federal law. As in, an act of Congress. Not some bureaucratic, whimsical decree.
How people don't understand that is mind-bottling.
No, it won't. And good luck trying to get Congress to rescind the law.
The 1500 hour rule isn't a FAA regulation. It's federal law. As in, an act of Congress. Not some bureaucratic, whimsical decree.
How people don't understand that is mind-bottling.
https://www.faa.gov/news/press_relea...m?newsId=14838
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