Skywest takes profits from Pilots hardwork and buys airline in Brazil.

[WalterSobchak]

Wow, Rez...it took you 28 days to come up with THAT? I almost, ALMOST feel bad for you this time around...

 

[WayBack]

How many ALPA Carriers shut down in the last year or two? What has ALPA done for those pilots?
It's about time you quit being pissed off because SKW pilots were smart enough to see how fed up other pilots were with ALPO, and didnt want to join in on your reindeer games.
Quit hanging onto something that hasn't been since the 1970's

 

[skyaddict]

Brazil's economy will be growing like gangbusters for the next 10 years vs. the US economy so it looks like a savvy move.

 

[JoeMerchant]

Rez....you're giving ALPA cheerleaders a bad name.....

This is a good thing for those of us at Skywest Inc......Anything that improves the health of the corporation and improves the value of my SKYW stock, is good for me....

 

[Speedtape]

Brazil's economy will be growing like gangbusters for the next 10 years vs. the US economy so it looks like a savvy move.

Uhh--don't think so! The Brazilian economy will go as the the U.S. economy goes! Most of the bid money and banks in Brazil are U.S. supported. It is a big country, but very little large industry that exports. Embraer is probably the largest exporter, supported through American technology and loans backed by American banks. Our deep and coming recession will rock Brazil and the world.

 

[skyaddict]

Rapidly growing emerging economies, notably the BRIC countries, will all take hits as the US goes into recession, yes, but when you take a few points off of 10% growth rates you still have growth. If the US doesn't play its cards right (e.g. if we turn away from globalization), we could be flat-lined like Japan was for 10 years. BRIC countries, no matter how severe a hit they take (and barring revolutions, nuclear wars or something nutty in those parts of the world), are not going to be flat-lining, because you have the equivalent of entire US populations going from dirt poor to middle class in less than a generation. The global economy is not *yet* anything as "de-coupled" as was made out to be by some believers, but the *trend* and the end-point is clear- in another decade the US economy will no longer be "the" world engine of growth, but rather just another big economy. The current financial crisis and recession are also a wake-up call to the BRIC countries to accelerate de-coupling, so that too many of their investment eggs are not in the U.S. basket. De-coupling is good for the world-economy, but we're not there yet.

 

[SKYWRJGUY]

Okay, fess up.

Who opened the Stupid Room and let him out?

 

[russtgol]

Wow..... once that money goes overseas... it ain't ever coming back.... Skywest a transnational airline? What a pandora's box. Brazilian pilots slowly taking Skywest pilots' rightful flying....

or

Skywest loses big in Brazil and cuts US pilot jobs to save its core business.....

Looks like rejecting ALPA was a great move....... for Jerry.


SkyWest buying stake in Brazil airline
Thursday September 4, 12:24 pm ET
By Alan Clendenning, AP Business Writer US-based SkyWest buying 20 percent stake in Brazil's regional Trip carrier

SAO PAULO, Brazil (AP) -- U.S.-based SkyWest Airlines will buy a 20 percent stake in Brazilian regional carrier Trip, seeking a foothold in the South American nation's rapidly expanding passenger air travel market, the two companies said Thursday.
SkyWest Inc., based in Utah, will pay US$30 million over a two-year period to obtain the stake. Trip describes the deal as the last step in an effort to raise US$150 million that will be pumped into its operations.


"These investments will allow us accelerate the expansion of our fleet and grow," said Renan Chieppe, chairman of Trip's board of directors.
Trip Linhas Aereas SA is dwarfed in Brazil by market leaders Tam Linhas Aereas SA and Gol Linhas Aereas Inteligentes SA.


But Trip has been expanding in recent years as Brazil's economy booms, and the carrier now serves 64 destinations across the Latin America's largest country, many of them small cities ignored larger competitors.
Its fleet consists of turboprop planes, but the company this year announced it would buy five Embraer 175 mid-range jets that seat up to 88 people.


SkyWest Airlines has 442 planes and operates as United Express, Delta Connection and Midwest Connect carriers under contractual agreements with United Airlines, Delta Air Lines and Midwest Airlines.
The stake SkyWest is buying in Trip is the maximum a foreign company can hold in a Brazilian airline.
Jerry Atkin, SkyWest's chief executive, said the companies negotiated for 16 months before reaching a deal.


"We concluded that there's a positive convergence of vision and interests between our two companies and that the deal will provide knowledge and experience to promote a regional aviation model in Brazil that we successfully developed in the American market," Atkin said.

I guess the other 8,000 people that work for Skywest dont do anything. Just us pilots make money for them nobody else.

 

[CX880]

How many ALPA Carriers shut down in the last year or two? What has ALPA done for those pilots?

Nothing, oh wait I had something in my email about a 30 day trial of some employment site. Thanks ALPA!

 

[acpilot]

Hmm, I though that was how business worked. A company makes money and invests it in other ventures which, in turn, yield more profit.

I need to tell my boss that the only purpose of his company should be to make money to pay me more and more...screw the investors.

 

[JoeMerchant]

Hmm, I though that was how business worked. A company makes money and invests it in other ventures which, in turn, yield more profit.

I need to tell my boss that the only purpose of his company should be to make money to pay me more and more...screw the investors.

Rez doesn't like capitalism.....

 

[Going2Baja]

Talk any crap you like - Uncle Jerry has always made the right business decisions. Just add this to his list.

Baja.

 

[ePilot22]

Didn't Jerry try and invest in an American regional carrier?


ExpressJet? Hmm...








eP.

 

[Jon Rivoli]

Didn't Jerry try and invest in an American regional carrier?


ExpressJet? Hmm...

It was more an attempt to get ExpressJet out of SLC and LAX to defend Delta Connection flying done by SkyWest while helping CAL improve it's contract with ExpressJet. It worked and SkyWest Inc. was paid $8 or $9 million for their troubles.

 

[WalterSobchak]

Rez doesn't like capitalism.....

I was going to point out the other day that, as much as he loves to accuse people of being un-American and unpatriotic, he sure seems to love socialism.