Any good info or news of republic airways
08-02-2012, 12:39 PM
#111
Gets Weekends Off
Joined APC: Jul 2011
Position: Under beer over couch after skool
Posts: 316
Separation is questionable until LOA 67 lawsuit is resolved. When that commercial agreement is overturned someone will be on the hook for a few million dollars.
Now that we are near the target CASM and fuel is stable, I expect BB will begin making the case to spin off shares of F9 rather than "sell". In either case he'll continue to tell ex-FAPA leadership he intends to separate the lists and the representation. That'll be a difficult battle because I doubt the IBT will petition the NMB for an election, and I don't see how F9 can get the required 50% vote to show interest (RLA Sec 2 Amendment passed in HR 658-137).
Finally the last APAS data that was made available showed the 190 making good money for the branded side of RAH. Now that costs are placed on legacy books and profit is placed on F9 books it would be interesting to see what APAS is showing the leadership. Regardless, we still have a order for E-190/195s with Embraer but the terms are confidential.
Now that we are near the target CASM and fuel is stable, I expect BB will begin making the case to spin off shares of F9 rather than "sell". In either case he'll continue to tell ex-FAPA leadership he intends to separate the lists and the representation. That'll be a difficult battle because I doubt the IBT will petition the NMB for an election, and I don't see how F9 can get the required 50% vote to show interest (RLA Sec 2 Amendment passed in HR 658-137).
Finally the last APAS data that was made available showed the 190 making good money for the branded side of RAH. Now that costs are placed on legacy books and profit is placed on F9 books it would be interesting to see what APAS is showing the leadership. Regardless, we still have a order for E-190/195s with Embraer but the terms are confidential.
08-02-2012, 05:45 PM
#113
Gets Weekends Off
Joined APC: Jul 2009
Posts: 624
Separation is questionable until LOA 67 lawsuit is resolved. When that commercial agreement is overturned someone will be on the hook for a few million dollars.
Now that we are near the target CASM and fuel is stable, I expect BB will begin making the case to spin off shares of F9 rather than "sell". In either case he'll continue to tell ex-FAPA leadership he intends to separate the lists and the representation. That'll be a difficult battle because I doubt the IBT will petition the NMB for an election, and I don't see how F9 can get the required 50% vote to show interest (RLA Sec 2 Amendment passed in HR 658-137).
Now that we are near the target CASM and fuel is stable, I expect BB will begin making the case to spin off shares of F9 rather than "sell". In either case he'll continue to tell ex-FAPA leadership he intends to separate the lists and the representation. That'll be a difficult battle because I doubt the IBT will petition the NMB for an election, and I don't see how F9 can get the required 50% vote to show interest (RLA Sec 2 Amendment passed in HR 658-137).
In your second paragraph you are confusing the steps involved. I don't think the separated Frontier pilots will be interested in a card drive as a first step. The first step that will take place if and when we separate can be initiated by anyone. Who knows, it may have already been initiated by someone.
08-03-2012, 04:05 AM
#115
Gets Weekends Off
Joined APC: Aug 2010
Posts: 339
The Commercial Agreement is not going to be "overturned", that isn't even on the table. The only remaining issue is "who" is going to be the agent for the Commercial Agreement. I am not sure what you are referring to about being "on the hook for a few million dollars".
In your second paragraph you are confusing the steps involved. I don't think the separated Frontier pilots will be interested in a card drive as a first step. The first step that will take place if and when we separate can be initiated by anyone. Who knows, it may have already been initiated by someone.
In your second paragraph you are confusing the steps involved. I don't think the separated Frontier pilots will be interested in a card drive as a first step. The first step that will take place if and when we separate can be initiated by anyone. Who knows, it may have already been initiated by someone.
08-04-2012, 05:01 PM
#117
Turd Ferguson
Joined APC: Sep 2011
Position: The low pay seat
Posts: 96
08-07-2012, 01:17 PM
#119
Gets Weekends Off
Joined APC: Jul 2011
Position: Under beer over couch after skool
Posts: 316
I guess overturned is the wrong word. I'll use "declared null and void" instead.
"If we are not successful and the restructuring agreement is declared null and void, Frontier would lose approximately $9 million to $10 million in cost savings per year over each of the next five years, which may have a material adverse effect on our business, financial condition or results of operations."---Aug 9 2011 10Q page 11
If the commercial agreement/LOA is found illegal because it gives away representation rights after an election, then I suspect IBT will "throw out" the agreement in its entirety (once they've regained lawful representation rights) and subsequently seek recovery of the $7 Mil equity just illegally given to FAPAInvest.
Finding the LOA (which became a commercial agreement) illegal in the first place, could cause a snap-back of concessions. I may be just another lowly RJ driver with limited analytical reasoning skills but I draw the following analogy:
I buy a garbage truck to start a small garbage truck business. As advertised this garbage truck holds XXX amount of complete useless crap and costs YYY amount to operate generating ??? profit. If after a few months I discover that my garbage truck costs YYY + $20 Million to run, I must now subtract that $20M from my cash flow in order to keep the business running (ceteris paribus). So I'm "on the hook for" $20M. Is "on the hook" inappropriate parlance or colloquialism? Perhaps. Or maybe I misunderstood your tone and inferred condescension again.
"If we are not successful and the restructuring agreement is declared null and void, Frontier would lose approximately $9 million to $10 million in cost savings per year over each of the next five years, which may have a material adverse effect on our business, financial condition or results of operations."---Aug 9 2011 10Q page 11
If the commercial agreement/LOA is found illegal because it gives away representation rights after an election, then I suspect IBT will "throw out" the agreement in its entirety (once they've regained lawful representation rights) and subsequently seek recovery of the $7 Mil equity just illegally given to FAPAInvest.
Finding the LOA (which became a commercial agreement) illegal in the first place, could cause a snap-back of concessions. I may be just another lowly RJ driver with limited analytical reasoning skills but I draw the following analogy:
I buy a garbage truck to start a small garbage truck business. As advertised this garbage truck holds XXX amount of complete useless crap and costs YYY amount to operate generating ??? profit. If after a few months I discover that my garbage truck costs YYY + $20 Million to run, I must now subtract that $20M from my cash flow in order to keep the business running (ceteris paribus). So I'm "on the hook for" $20M. Is "on the hook" inappropriate parlance or colloquialism? Perhaps. Or maybe I misunderstood your tone and inferred condescension again.
Last edited by Ronaldo; 08-07-2012 at 01:27 PM.
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