RAH files for Chapter 11 bankruptcy
#361
Line Holder
Joined APC: Nov 2015
Posts: 34
Picked this up on another message board.
Is this a ploy by republic airways
.
Since trying to convince/arm twist them did not bare any fruit. It would be funny if this was a ploy by RAH. To get the leasing companies and mainline carriers to cancel bad leases and renegotiate the contracts. Basically work with us or we are all screwed. Republic could ask the court to dismiss the BK because they resolved their issues with creditors. ETC. Less
Is this a ploy by republic airways
.
Since trying to convince/arm twist them did not bare any fruit. It would be funny if this was a ploy by RAH. To get the leasing companies and mainline carriers to cancel bad leases and renegotiate the contracts. Basically work with us or we are all screwed. Republic could ask the court to dismiss the BK because they resolved their issues with creditors. ETC. Less
#362
Gets Weekends Off
Joined APC: Apr 2014
Posts: 338
Yes mesa was almost bought 2 years ago heavy discussions. Problem is mesa has ****ty contract right now, but we have strongest scope clause of any regional. Pilots are tied to the planes through bank not company. Lay men terms someone buys us we get Integrated with that company. No mainline will ever touch us because now we get into their seniority. It sounded foolish when the contract was signed years ago. But depending on how you you look at it. Could be a great thing
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#363
Gets Weekends Off
Joined APC: Sep 2010
Posts: 2,648
I agree. De value the airline and see what happens
#364
Gets Weekends Off
Joined APC: Apr 2014
Posts: 338
Picked this up on another message board.
Is this a ploy by republic airways
.
Since trying to convince/arm twist them did not bare any fruit. It would be funny if this was a ploy by RAH. To get the leasing companies and mainline carriers to cancel bad leases and renegotiate the contracts. Basically work with us or we are all screwed. Republic could ask the court to dismiss the BK because they resolved their issues with creditors. ETC. Less
Is this a ploy by republic airways
.
Since trying to convince/arm twist them did not bare any fruit. It would be funny if this was a ploy by RAH. To get the leasing companies and mainline carriers to cancel bad leases and renegotiate the contracts. Basically work with us or we are all screwed. Republic could ask the court to dismiss the BK because they resolved their issues with creditors. ETC. Less
Republic just put a bankruptcy judge in the driver's seat. This judge does not necessarily care about BBs promises to the pilots or even the future of the company. It is the judges job make sure the creditors get what they are owed within reason.
I'm not saying this is what is going to happen. It is just some food for thought.
#365
Banned
Joined APC: Oct 2014
Posts: 2,137
#366
Gets Weekends Off
Joined APC: Sep 2010
Posts: 2,648
The mainline partners have decided not to play nice. Republic has already attempted negotiating with the big three after the pilot contract was signed and they had a realistic estimate of what their costs would be.
None of the big 3 decided to play ball and help avoid a bankruptcy, that was the goal of the negotiations.
American has passed a pilot poaching bonus scheme specifically targeting republic pilots with prior 121 experience not coincidentally that aligned with republics bk filing.
This isn't going to be cut and dry, or clean. They already missed that boat. My opinion is that this isn't going to end well for republic pilots.
I don't know what is going to happen, but i wouldn't assume all is going to be fine and well. This bk filing will counteract the pilot contract in pilot retention/hiring effectiveness, and staffing could cause the company to spiral out of control. Planes that can't be operated will not be retained, that is for sure.
None of the big 3 decided to play ball and help avoid a bankruptcy, that was the goal of the negotiations.
American has passed a pilot poaching bonus scheme specifically targeting republic pilots with prior 121 experience not coincidentally that aligned with republics bk filing.
This isn't going to be cut and dry, or clean. They already missed that boat. My opinion is that this isn't going to end well for republic pilots.
I don't know what is going to happen, but i wouldn't assume all is going to be fine and well. This bk filing will counteract the pilot contract in pilot retention/hiring effectiveness, and staffing could cause the company to spiral out of control. Planes that can't be operated will not be retained, that is for sure.
#367
Dumb Pilot
Joined APC: Apr 2013
Position: Broke
Posts: 784
#368
Gets Weekends Off
Joined APC: Sep 2010
Posts: 2,648
That's the rub, the deep pocket lawyers can always find a loophole. Again, good Frikn luck. I wouldn't trust him farther than I could throw him
#370
Gets Weekends Off
Joined APC: Jul 2008
Posts: 4,238
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