Republic Airways to buy 10 jets from US Airways

[inflightboi175]

* Republic to buy 10 Embraer jets from US Airways
* Carrier applying balance of US Airways loan to the deal
* Republic shares up 5.03 pct; US Airways up 1.58 pct
CHICAGO, Oct 14 (Reuters) - Republic Airways Holdings on Wednesday said it would acquire 10 Embraer (EMBR3.SA) 190AR jets from US Airways Group (LCC.N), applying the full balance of its $35 million loan from US Airways to the purchase.
The carrier said four of the 99-seat planes would enter service in November and December, replacing Boeing Co (BA.N) 717 aircraft. The remaining six aircraft are to enter service during the first half of 2010.
Shares of Republic Airways, which bought Frontier Airlines this month, were up 5.03 percent at $9.81 on Nasdaq. Shares of US Airways were up 1.58 percent at $4.51 on the New York Stock Exchange. (Reporting by Kyle Peterson, editing by Leslie Gevirtz)

http://www.marketwatch.com/story/republic-airways-to-exit-hawaii-2009-10-14

 

[nonstop]

Wrong forum.

This website needs a "Scumbag Pilot Airline" forum, but the Regional forum would be most appropriate.

 

[becket]

Sayonara!!!!!

A.M.F!!!!!!

 

[ACL65PILOT]

And why does this surprise anyone?

I stated this was going to happen six months ago.

 

[aewanabe]

Wrong forum.

This website needs a "Scumbag Pilot Airline" forum, but the Regional forum would be most appropriate.

And whose mainline flying did you do in that E145? Hypocrite.

Back to the original topic... Damn this sucks. Sorry Airways guys. Do you have fragementation language in your contract, or does a J4J-type agreement still apply? (I'm aware the jets cannot be flown on behalf of US).

 

[Colonel Savage]

Wrong forum.

This website needs a "Scumbag Pilot Airline" forum, but the Regional forum would be most appropriate.

I'm sure the pilots of LCC (a Legacy, in case you were uninformed) consider it relevant news to them.

 

[Colonel Savage]

"...Republic Airways Holdings on Wednesday said it would acquire 10 Embraer 190AR jets from US Airways Group, applying the full balance of its $35 million loan from US Airways to the purchase."

Banco d' USAirways?

 

[FlyinGuy]

I wonder if they are going to use them to replace some of the F9 busses?

 

[ultrarunner]

I wonder if they are going to use them to replace some of the F9 busses?

I would think some will go to Denver to replace the airbus that are shipped to MKE. Some might also go to MKE for any long-thin flying that might happen up there.

 

[BoilerUP]

"...Republic Airways Holdings on Wednesday said it would acquire 10 Embraer 190AR jets from US Airways Group, applying the full balance of its $35 million loan from US Airways to the purchase."

Banco d' USAirways?

Not exactly...

LCC owed RJET $35M from a loan RJET gave Airways last October.

This transaction clears that debt from LCC's balance sheet as well as relieves them of monthly debt service payments for those 10 airplanes.

 

[Colonel Savage]

So the article should have referenced RJET's loan to LCC, not from LCC?

Any idea what the payments were on the 190's?

 

[lookin4better]

Even though emotion may cause some people to feel ill will to the pilots of the regional involved its not their fault. ( yes they do work for horrid pay etc ) The pilots at mainline have to care about this to stop it... ALL of them.... not just a few junior pilots.

The pilots of Republic are not to blame, all regionals are the same, Skywest, RAH, Gojet, Eagle, etc... they ALL fly routes that do not belong to them... they are simply low paid contract workers. Lots of regional pilots will play the " my regional is better than your regional " but in the end the are all the same. No one of them owns the "scumbag" title more than another.... they all stink.

 

[Full of LUV]

maybe....

Even though emotion may cause some people to feel ill will to the pilots of the regional involved its not their fault. ( yes they do work for horrid pay etc ) The pilots at mainline have to care about this to stop it... ALL of them.... not just a few junior pilots.

The pilots of Republic are not to blame, all regionals are the same, Skywest, RAH, Gojet, Eagle, etc... they ALL fly routes that do not belong to them... they are simply low paid contract workers. Lots of regional pilots will play the " my regional is better than your regional " but in the end the are all the same. No one of them owns the "scumbag" title more than another.... they all stink.

Maybe... but when as a collective group are we going to decide where the "major" airline pay starts, at what level of equipment. Many were hoping that the E190 would be that line in the sand and this seriously erodes that. Now you say that RAH is gonna operate the E190 as a seperate entity, not on their fee for departure contracts, but when RAH pilots (and mesa pilots on the 100 seat rj's) agree to fly this equip for ridiculously low rates, it effects EVERYONE, even the majors who are working to bring a 100 seat airframe to the major ranks w/major pay. If everyone in the industry saw the E190 as a major aircraft then many airlines would not be as fearful to make a committment to buy them only to see themselves undercut at the knees by a two bit regional carrier flying the same or newer models with newbe pilots making food stamp wages.

 

[lookin4better]

Food stamp wages subsidised by The Bank of Mommy and Daddy. No need to worry about rent, car payment bills .. etc... its just a stepping stone job!

I do agree with your points... the initial emotional reaction is to call the RAH pilots scumbags.... and honestly some may be. But in the end, its not worth it or worth the negative energy. They will not do anything to stop it ( because either they like it, they dont need the $$ as above, or its just a stepping stone sop why bother) so calling them names will not help a thing.

The fight should be fought by mainline pilots where this is happening.... but we know the top 3rd or more of a list usually doesnt care about stuff like this... Stopping crap like this is extremely important, and yes a "line in the sand" must be drawn.... I just think it should go beyond name calling and turn into action. Only opinions... but dont look at the RAH pilots to change it, too many puppies over there who salivate over big planes!

Everyone who is laid off from Airways over this, should get a CA seat at RAH.

 

[UND_Sioux]

I could maybe agree that the Airways pilots furloughed from the sale of the E190s should get a CA seat at RAH IF, AND ONLY IF, the aircraft were going to be used in the Airways system. However, they are not going to be.

Last time I checked, this is the USA. If Coke sells bottling equipment to Pepsi, do the employees at Coke deserve a job at the Pepsi bottling factory?

 

[BeCareful!]

Let's see: 10 aircraft....$35 million.....$3.5 million per EMB190.....that's pretty cheap!

Nice work, Doug. Now, it simplifies the transaction that's headed our way.

I wonder if the call sign will be "cactus" or "brickyard."

 

[Colonel Savage]

"Everyone who is laid off from Airways over this, should get a CA seat at RAH."

And the MEH pilots?

 

[Colonel Savage]

Let's see: 10 aircraft....$35 million.....$3.5 million per EMB190.....that's pretty cheap!

Nice work, Doug. Now, it simplifies the transaction that's headed our way...."

That was just the 10% down payment.

 

[deadstick]

That was just the 10% down payment.

...because RAH is assuming the payments.

 

[JoeMerchant]

Once upon a time, a "regional" airline in Texas started flying 737s for lower pay, worse workrules, and no retirement....Now that airline is a place that many want to work....

Funny how we don't like it when the shoe is on the other foot....

 

[ACL65PILOT]

Once upon a time, a "regional" airline in Texas started flying 737s for lower pay, worse workrules, and no retirement....Now that airline is a place that many want to work....

Funny how we don't like it when the shoe is on the other foot....

I get the reference, but RJET is not WN.

 

[Full of LUV]

All true....

Once upon a time, a "regional" airline in Texas started flying 737s for lower pay, worse workrules, and no retirement....Now that airline is a place that many want to work....

Funny how we don't like it when the shoe is on the other foot....

Funny ha ha, or funny sad? All true, and that "regional" airline has barely changed it's contract in most of those years except to sprinkle lots of stock on the top end of the seniority list.
NEARLY everyone else (with the exception of the cargo carriers) has gone the other way and had to match that regionals stance on retirement, workrules, and lower pay. Most went below due to BK's.

Joe, do you favor ASA's contract being compared to RAH's next cycle. I know you are comfortable right now with your quality of life as an ASA Capt, but do you want RAH flying the 190 for pay less than your 50 seat jets? Where does that leave ASA in competition for flying that jet in the future?
Ironicallly, it's not just about the regionals undercutting the majors, more and more it's about the regionals undercutting the regionals and LCC's.

 

[JoeMerchant]

I get the reference, but RJET is not WN.

How did WN start? All of the "majors" started out small....

 

[JoeMerchant]

Funny ha ha, or funny sad? All true, and that "regional" airline has barely changed it's contract in most of those years except to sprinkle lots of stock on the top end of the seniority list.
NEARLY everyone else (with the exception of the cargo carriers) has gone the other way and had to match that regionals stance on retirement, workrules, and lower pay. Most went below due to BK's.

Not "funny" or "sad"....Simply the reality of the marketplace...

Joe, do you favor ASA's contract being compared to RAH's next cycle. I know you are comfortable right now with your quality of life as an ASA Capt, but do you want RAH flying the 190 for pay less than your 50 seat jets? Where does that leave ASA in competition for flying that jet in the future?
Ironicallly, it's not just about the regionals undercutting the majors, more and more it's about the regionals undercutting the regionals and LCC's.

What I "favor" is irrelevant...I have to compete with RAH...and so do you.

Did you work for Mesa?

 

[Full of LUV]

What???

Not "funny" or "sad"....Simply the reality of the marketplace...



What I "favor" is irrelevant...I have to compete with RAH...and so do you.

Did you work for Mesa?

I did not work for MESA, but irrelevant had I. It's akin to asking someone if they are gay before borrowing their car.....

You have to compete, yes. Should you subsidize their operation? They will be shipping crews all over the country for the next few years and then probably hiring, looking for someone willing to take the FO job at that pay.
Should ASA (well really Delta since they pay all of your costs plus profit) subsidize their operation for the next 10 years until they can get their contract "in line" with industry norms. Or worse yet, like the SWA example, everyone else comes down to their level?
If they want to hire local pilots and fly their routes without jumpseating to work, then touche, professional pilots are overpaid. But if they are using everyone else as a stepping stone to supplant them, then that is an absurdity in this industry.
It's like Home Depot being required to haul all of Lowes inventory to the major cities on their dime, for Lowes to stock and sell as a competitor to HD.
Oh, and BTW, you don't have to compete with RAH, Delta does. You can sit in you comfy ASA capt seat and not worry about ticket sales, profits, or service, because at the end of the day, as long as DAL is in bidness, you have a job, well until the next RFP of course.

 

[Jetjockey]

How did WN start? All of the "majors" started out small....

I'm pretty sure SW didn't start by a fee for departure scheme for a major airline partner, while providing low-cost (pay) outsourcing.

 

[nonstop]

Once upon a time, a "regional" airline in Texas started flying 737s for lower pay, worse workrules, and no retirement....Now that airline is a place that many want to work....

Funny how we don't like it when the shoe is on the other foot....

Right, like that regional airline in Columbus... Skybus. Eh six of one, half dozen of another. A crazy old lady in N'Orleans won the lottery that means every old crazy lady in N'Orleans will be RICH!

 

[kf4amu]

The pilots of Republic are not to blame, all regionals are the same, Skywest, RAH, Gojet, Eagle, etc... they ALL fly routes that do not belong to them... they are simply low paid contract workers. Lots of regional pilots will play the " my regional is better than your regional " but in the end the are all the same. No one of them owns the "scumbag" title more than another.... they all stink.

There are a few regionals where people are willing to stay for the balance of their careers. The reason is because they much better than the others for your own situation.

Notice nobody stays at RAH, Colgan or Mesa for their careers.

So yes, many airlines own the scumbag title way more than others.

 

[AWACoff]

There are a few regionals where people are willing to stay for the balance of their careers. The reason is because they much better than the others for your own situation.

Notice nobody stays at RAH, Colgan or Mesa for their careers.

So yes, many airlines own the scumbag title way more than others.

There are plenty of lifers at Mesa. Seriously, with 250 hours of flight time, how would you even come by your opinion that "nobody stays" at any of the carriers you mentioned? It certainly isn't from sharing drinks with any of these folks on an overnight. Even at Great Lakes there were/are lifers.

 

[scrub]

Its time for the "regional" guys and gals that fly the 100 seat rj to take a stand and demand big airplane pay! don't use the excuse well I'm doing this to get on at Delta so I can make the big bucks, mgmt has seen you comming for years, they will offer you $90.00/hr to fly the 777 around the world and you will do it unless you grow "some" now and make a stand!