SkyWest ?’s
#1361
Gets Weekends Off
Joined APC: Jan 2019
Posts: 1,130
Why is there no announcement that they will lease them back to GJ now that the sale has been made public? Why the blank secret airline leasing them? Nothing to hide if GJ will just keep the status quo and will survive a little longer with a multi year lease from SW. Everyone would be put at ease and GJ could try to hang on. I could see hiding the lease to info for now so the demise of GJ is not made public until United gives the word. If end of 2020 is the target, that is a long time to operate with the announcement of a shut down and all the complications that come with that.
#1362
Line Holder
Joined APC: Aug 2020
Posts: 28
Savi Syth -- Raymond James -- Analyst
Okay. That's helpful. And then just the United partner you're subleasing to, is that different than the partner before? Because I just want to make sure that you to get comfortable that this is not like the 29 aircraft that you had and you only placed 13.
Wade Steel -- Chief Commercial Officer
So it is -- they are different airplanes. We did buy those, but it's to the same United Express regional partner.
Savi Syth -- Raymond James -- Analyst
Okay. But you're comfortable that they can take it this time?
Wade Steel -- Chief Commercial Officer
These aircraft are already flying there and have already been converted and in the 550 configuration, and they're already operating in their system today.
He does not say they are going to lease back to GJ he just says they bought them from GJ. I think there is still room for this to be temporary answer to cover for United so they do not give out info on GJ operations. As well he points out these ac they bought are operating today as 550's but no solid inference of a long term deal with GJ. Sort of double talk I think. A little tap dancing may bee?
Okay. That's helpful. And then just the United partner you're subleasing to, is that different than the partner before? Because I just want to make sure that you to get comfortable that this is not like the 29 aircraft that you had and you only placed 13.
Wade Steel -- Chief Commercial Officer
So it is -- they are different airplanes. We did buy those, but it's to the same United Express regional partner.
Savi Syth -- Raymond James -- Analyst
Okay. But you're comfortable that they can take it this time?
Wade Steel -- Chief Commercial Officer
These aircraft are already flying there and have already been converted and in the 550 configuration, and they're already operating in their system today.
He does not say they are going to lease back to GJ he just says they bought them from GJ. I think there is still room for this to be temporary answer to cover for United so they do not give out info on GJ operations. As well he points out these ac they bought are operating today as 550's but no solid inference of a long term deal with GJ. Sort of double talk I think. A little tap dancing may bee?
#1363
Banned
Joined APC: Apr 2020
Posts: 15
"Let me shift gears to our leasing business. Today, we announced an agreement to acquire 21 used CRJ700s in a 50-seat configuration and lease the aircraft under a multiyear term to another regional operator. The aircraft purchases and leases are expected to be completed in Q4 of this year."
#1364
Line Holder
Joined APC: Aug 2020
Posts: 28
another
[əˈnəT͟Hər]
DETERMINER
used to refer to an additional person or thing of the same type as one already mentioned or known about; one more; a further.
"have another drink" · [more]
synonyms:
one more · a further · an additional · a second · an extra · a spare · a different · some other · not the same · an alternative
used with a proper name to indicate someone or something's similarity to the person or event specified.
"this will not be another Vietnam" · [more]
synonyms:
duplicate · reproduction · twin · double · new · replicate · matching · repeat of · copy of · carbon copy of
used to refer to a different person or thing from one already mentioned or known about.
"come back another day" · [more]
synonyms:
different · other · second · possible · substitute · replacement · deputy · relief · [more]
used to refer to someone sharing an attribute in common with the person already mentioned.
[əˈnəT͟Hər]
DETERMINER
used to refer to an additional person or thing of the same type as one already mentioned or known about; one more; a further.
"have another drink" · [more]
synonyms:
one more · a further · an additional · a second · an extra · a spare · a different · some other · not the same · an alternative
used with a proper name to indicate someone or something's similarity to the person or event specified.
"this will not be another Vietnam" · [more]
synonyms:
duplicate · reproduction · twin · double · new · replicate · matching · repeat of · copy of · carbon copy of
used to refer to a different person or thing from one already mentioned or known about.
"come back another day" · [more]
synonyms:
different · other · second · possible · substitute · replacement · deputy · relief · [more]
used to refer to someone sharing an attribute in common with the person already mentioned.
#1365
Gets Weekends Off
Joined APC: Jul 2019
Posts: 196
another
[əˈnəT͟Hər]
DETERMINER
used to refer to an additional person or thing of the same type as one already mentioned or known about; one more; a further.
"have another drink" · [more]
synonyms:
one more · a further · an additional · a second · an extra · a spare · a different · some other · not the same · an alternative
used with a proper name to indicate someone or something's similarity to the person or event specified.
"this will not be another Vietnam" · [more]
synonyms:
duplicate · reproduction · twin · double · new · replicate · matching · repeat of · copy of · carbon copy of
used to refer to a different person or thing from one already mentioned or known about.
"come back another day" · [more]
synonyms:
different · other · second · possible · substitute · replacement · deputy · relief · [more]
used to refer to someone sharing an attribute in common with the person already mentioned.
[əˈnəT͟Hər]
DETERMINER
used to refer to an additional person or thing of the same type as one already mentioned or known about; one more; a further.
"have another drink" · [more]
synonyms:
one more · a further · an additional · a second · an extra · a spare · a different · some other · not the same · an alternative
used with a proper name to indicate someone or something's similarity to the person or event specified.
"this will not be another Vietnam" · [more]
synonyms:
duplicate · reproduction · twin · double · new · replicate · matching · repeat of · copy of · carbon copy of
used to refer to a different person or thing from one already mentioned or known about.
"come back another day" · [more]
synonyms:
different · other · second · possible · substitute · replacement · deputy · relief · [more]
used to refer to someone sharing an attribute in common with the person already mentioned.
In the past during Skywest earnings calls, they do not mention specific companies. It has usually been “we will lease 5 CRJ900s to a 3rd party” or “we are leasing CRJ700s to a 3rd party.” They never specify. Don’t get too wrapped up in the fact that they didn’t disclose the 3rd party. They won’t say it and the facts will come to light in due time.
Also, SW is Southwest. OO is SkyWest. GoJet is G7.
#1367
My guess, and it’s just a guess, is that G7/TSH is having real big money issues. They had to return some airplanes and cancel the rest of the deliveries, and TSH shut down two airlines. They can sell the planes that they have on property for cash and lease them and try to keep the company afloat a little while longer. Meanwhile Inc. is taking on the risk because if G7 goes belly up, then Inc is in a position to takeover that flying or lease those planes to another 3rd party.
Why is there no announcement that they will lease them back to GJ now that the sale has been made public? Why the blank secret airline leasing them? Nothing to hide if GJ will just keep the status quo and will survive a little longer with a multi year lease from SW. Everyone would be put at ease and GJ could try to hang on. I could see hiding the lease to info for now so the demise of GJ is not made public until United gives the word. If end of 2020 is the target, that is a long time to operate with the announcement of a shut down and all the complications that come with that.
#1368
#1370
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