Airways going to drop Republic - Mayyyybe?

[Metro752]

So this is what I hear... Whisky, Piedmonster, and Brownstreak are going to get HUGE.

Maybe.

My source is in FENIX.

Like it or lump it.

 

[rumorhasit]

So is my Johnson, discuss!

 

[Jar Jar]

when is republics contract up?

 

[BoilerUP]

According to their 2009 10-K, Airways provided 25% of RJET's revenues and had 67 aircraft operating as US Airways Express as of the end of 2008.

The code-share agreement for the E145 aircraft terminates in March 2013. The code-share agreement for the E170/175 aircraft terminates in September 2015 with respect to the 20 E170 aircraft and eight of the E175 aircraft. The remaining 30 E175 aircraft terminate 12 years from each aircraft’s in-service date. US Airways may terminate the code-share agreements at any time for cause upon not less than 90 days notice and subject to our right to cure under the following conditions:

• if we fail to perform or observe any material covenant or condition or agreement to be performed or observed by us, provided that if we breach any payment obligation, US Airways has the right to terminate the agreement on 10 days prior written notice unless we cure such breach prior to the expiration of 10 days;

• if our flight completion factor falls below specified percentages during specified periods due to operational deficiencies that are within our control;

• if our on time departure performance falls below specified percentages during specified periods;

• if we admit liability or are found liable for any safety infraction by the FAA that could reasonably be expected to lead to the suspension or revocation of our operating certificate or if in US Airways' reasonable opinion we are not complying in any material respect with applicable safety and operational requirements;

• if we fail to use commercially reasonable efforts to comply with the applicable provisions of the "Jets for Jobs" protocol;

• if our FAA operating certificate is suspended or revoked; or

• in the event that we or an affiliate of ours shall have commenced the provision of flight services under the code-share agreement between US Airways and Republic Airline and such agreement is subsequently terminated, among other things.



In September 2005, we purchased 113 commuter slots at Ronald Reagan Washington National (DCA) Airport and 24 commuter slots at New York-LaGuardia (LGA) Airport under our commuter slot option agreement with US Airways. We assigned the right of use for these commuter slots to US Airways and these commuter slots are being operated by US Airways and US Airways Express carriers under a licensing agreement for which US Airways pays us rent. Prior to the expiration of the agreement to license the commuter slots, US Airways has the right to repurchase all, but not less than all, of the DCA commuter slots at a predetermined price. The licensing agreement between us and US Airways for the LGA commuter slots expired on December 31, 2006, but we maintain a security interest in the LGA slots if US Airways fails to perform under the current licensing agreement.

Additionally, considering LCC's precarious financial position, where would they get the cash OR the financing required to grow the wholly-owned carriers?

 

[WWEfan]

Additionally, considering LCC's precarious financial position, where would they get the cash OR the financing required to grow the wholly-owned carriers?

His name his Jerry Atkin and he rules the regional airline world. Look for him to further diversify his interests with new partners and grow ASA and SkyWest.

 

[BoilerUP]

His name his Jerry Atkin and he rules the regional airline world. Look for him to further diversify his interests with new partners and grow ASA and SkyWest.

Um, that wouldn't exactly grow LCC's wholly-owned regional carriers Piedmont and PSA...

 

[Minimaniac]

as stated in the above report, E-145 contract terminates in 2013, the E170's and 175's terminate between 2015 and 2019. No time soon...

 

[777forever]

His name his Jerry Atkin and he rules the regional airline world. Look for him to further diversify his interests with new partners and grow ASA and SkyWest.

Agreed. When Mesa goes TU I believe Skywest Inc will loan Airways some money and takeover all the Mesa flying in KCLT, KDCA,(ASA bases) and KPHX, KLAS (Skywest bases)

 

[USCtrojan]

Agreed. When Mesa goes TU I believe Skywest Inc will loan Airways some money and takeover all the Mesa flying in KCLT, KDCA,(ASA bases) and KPHX, KLAS (Skywest bases)

LAS is being closed as an Airways base. Part of their "restructuring plan" at Airways.

Trojan

 

[Dubya]

Agreed. When Mesa goes TU I believe Skywest Inc will loan Airways some money and takeover all the Mesa flying in KCLT, KDCA,(ASA bases) and KPHX, KLAS (Skywest bases)

Mesa = indestructible sucking

 

[Dubya]

Mesa, the suck that won't destruct.

 

[buxflyr]

Piedmont will have to get new planes for anything to happen. PSA is starting some kind of international service in Jan..... DCA???

 

[ASA_Aviator]

Mesa, the suck that won't destruct.

Now that is funny!

 

[777forever]

LAS is being closed as an Airways base. Part of their "restructuring plan" at Airways.

Oh yea that's right. Just KPHX for Skywest then hehe.

Trojan

Mesa = indestructible sucking

haha. It seems like they'll never die but they'll have to complete what amounts to a financial miracle to be able to survive this time.

 

[jws717]

Piedmont will have to get new planes for anything to happen. PSA is starting some kind of international service in Jan..... DCA???

DCA-YOW or YYZ, I believe is in the works.

 

[Jar Jar]

does psa have 900 rates already established? or if u picked up 9s would it just be part of the blended rate?

 

[flyer172r]

haha. It seems like they'll never die but they'll have to complete what amounts to a financial miracle to be able to survive this time.

We all said the exact same thing back in January, and they're still around

 

[Cpt Oveur]

BOS/LGA closing. Piedmont, AWAC, and a few others provide feed into those cities, expect the capacity shift to bring those carriers to beef up in CLT, DCA, and PHL, and not award new flying to anyone.

 

[777forever]

We all said the exact same thing back in January, and they're still around

JA came to our groundschool class last fall and said Mesa would be able to do some stock related thing to get money to make the bond payments to last a little longer which was true. But this time Mesa has no other backup plan financially.

 

[dooork]

JA came to our groundschool class last fall and said Mesa would be able to do some stock related thing to get money to make the bond payments to last a little longer which was true. But this time Mesa has no other backup plan financially.

and you would know?