RAH buys Midwest!!!

[airplane wizard]

Sad to see Midex go down the toilet. What a great airline they used to be.

 

[stall022]

Seems like all they did was buy TPG's interest in the company...or what’s left of it. TPG is a short term investing company; they invest money expecting a return in less then 2 years. RAH paid for some ground equipment, the Midwest brand, gates and slots that Delta/NW didn't want. Basically the Vultures had finished with the carcass and tossed it to RAH.

 

[Lear70]

Vultures.

Carcass.

I somewhat doubt that TPG made any money off buying a carrier and selling it at an almost $100 Million loss within that 2 years.

 

[lookin4better]

RAH pilots are high fiving each other now ( not exacly sure why--- they just get more planes to fly at disgusting wages for the rest of their careers. )

.... Bedford, is starting a new airline ( after all the RAH feed contracts are cancelled ) that will fail miserably.....Indy Air II....

How are the RAH pilots not taking jobs from other pilots?? The are replacing pilots with their HORRIBLE pay.... wow.... WOW!

I will be happy to see that place fail in a few years, thats for sure.

 

[CitationLover]

Vultures.

Carcass.

I somewhat doubt that TPG made any money off buying a carrier and selling it at an almost $100 Million loss within that 2 years.

That's chump change compared to what Washington Mutual cost them..........

 

[stall022]

I somewhat doubt that TPG made any money off buying a carrier and selling it at an almost $100 Million loss within that 2 years.

The true gain or loss will never be known. How much did TPG make by the sale of Midwest assets?

 

[Indy319FA]

.... Bedford, is starting a new airline ( after all the RAH feed contracts are cancelled ) that will fail miserably.....Indy Air II....

I will be happy to see that place fail in a few years, thats for sure.

Having worked at both places, the simliarity ends with the fact that both of these are regional airlines. Love him or hate him, Bedford has been smarter than Kerry Skeen in setting this up. Bedford will be able to keep his revenue flow while building his new airline because of the multiple certificates. Republic's mainline partners can cancel the contracts, but it will cost a lot of money and they will be stuck with the aircraft Bedford doesn't want. Also he will be able to use the middle management expertise at Midwest and Frontier to build this new company.

As far as Bedford goes, I respect his ability as a hard as nuts businessman, but the way Republic treats its employees leaves a lot to be desired. However, if you think this is going to implode like Indy Air, you are going to be severely dissappointed. In terms of business smarts, Skeen and Moore couldn't come close to hanging with Bedford on one of his worst days.

 

[CitationLover]

The true gain or loss will never be known. How much did TPG make by the sale of Midwest assets?

The sale was pure book profit for TPG since they already wrote off the loss for Midwest.

 

[contrail67]

they obviously are trying to start a new airline... I mean right? Crazy stuff.

Going up against United and SWA in major markets= BK down the road for Republic.....

STUPID.

 

[lookin4better]

Going up against United and SWA in major markets= BK down the road for Republic.....

STUPID.

Yup...duuuuuumb.