Republic parking more jets
05-27-2014, 09:24 AM
#52
Gets Weekends Off
Joined APC: Apr 2014
Posts: 338
Those are my thoughts exactly. We will have as many airplanes as we can staff. IMHO it looks like BB is trying to do exactly what he says he is (I don't trust him either though). It makes excellent business sense to try to streamline the operation down by staffing the most profitable airplanes and getting rid of excessive certificates (thus overhead).
05-27-2014, 09:29 PM
#55
Gets Weekends Off
Joined APC: Mar 2014
Posts: 484
Okay Brosef... he said himself that he is going to consolidate down to two certificates and be left with only the 170/5 and Q400. So...any smart person can figure out that would be parking the 145's and 190's, which he also said would happen.... so let's see, that's not exactly growth, is it? You have roughly 30 175 yet to be delivered of the firm orders and 68 145's and 10 190's... 78-30 is a net loss of 48 aircraft.
"You all are aware that Republic currently operates under three distinct operating certificates: Chautauqua, Republic and Shuttle America. Additionally, we operate four aircraft fleets: E140s/E145s; E170s/E175s; E190s; and Q400s. Today we announced our intent to Simplify and Streamline both our operating structure and our fleet. Specifically, we intend to consolidate down to two operating certificates and are planning for the orderly wind down of our E140/E145 and E190 aircraft assets."
"You all are aware that Republic currently operates under three distinct operating certificates: Chautauqua, Republic and Shuttle America. Additionally, we operate four aircraft fleets: E140s/E145s; E170s/E175s; E190s; and Q400s. Today we announced our intent to Simplify and Streamline both our operating structure and our fleet. Specifically, we intend to consolidate down to two operating certificates and are planning for the orderly wind down of our E140/E145 and E190 aircraft assets."
05-28-2014, 12:20 AM
#56
Gets Weekends Off
Joined APC: Feb 2014
Position: 737-Right
Posts: 781
Perhaps even better said, we do not have a vision of streamlining and simplifying our business that results in fewer total aircraft at Republic by the end of 2016 than we have on the property today. Well, at least that is our plan, and that’s what I had intended to convey in my earlier letter. I hope this clears away any confusion I may have unintentionally created. -BB
Did you read his follow up?
Did you read his follow up?
05-28-2014, 08:27 AM
#57
Gets Weekends Off
Joined APC: Nov 2006
Posts: 516
No CEO is ever going to admit that "we're going to intentionally lose business but not seek any new business" (which was what the original email seemed to convey) and keep their job. So he had to backtrack to keep investors and employees from panicking.
05-28-2014, 11:05 AM
#59
Gets Weekends Off
Joined APC: Dec 2012
Posts: 610
Perhaps even better said, we do not have a vision of streamlining and simplifying our business that results in fewer total aircraft at Republic by the end of 2016 than we have on the property today. Well, at least that is our plan, and that’s what I had intended to convey in my earlier letter. I hope this clears away any confusion I may have unintentionally created. -BB
Did you read his follow up?
Did you read his follow up?
A) we do not have a vision resulting in fewer
B) we will maintain an = feet size
Only one is clear, they proof read these letters, hard to believe anything other than an unintended consequence slipped out.
05-28-2014, 11:23 AM
#60
Gets Weekends Off
Joined APC: Feb 2014
Position: 737-Right
Posts: 781
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