Delta Air Lines Orders Up to 70 Bombardier CRJ900 NextGen Jetliners

[HA25]

Well, I've got a lot of former ASA friends who will be happy to hear this news.

 

[amcnd]

All just a guess, but if 9E does'nt get any of the 40. Im guessing they will still take the brunt of the 60 200's going away.. Not good... Maybe we will know tomorow...

ATLANTA, Dec. 6, 2012 /PRNewswire/ --

WHAT:
Delta Air Lines (NYSE: DAL) invites stockholders, the investment community and the media to listen to a live webcast of its Investor Day Conference from 8:30 a.m. to 12:30 p.m. EST on Dec. 12, 2012.

WEB ADDRESS:
The conference call can be accessed via the Internet at http://www.delta.com/content/www/en...-relations/analyst-coverage-and-webcasts.html

SPECIAL NOTICE:
An online replay will be available at the same site shortly after the webcast is complete until Jan. 18, 2013. The presentation materials will be made available Dec. 12 through a Form 8-K filing with the SEC and on www.delta.com.

 

[JustaNumber]

You heard this from a Delta accountant?! Wow! those accountants are amazing!

I'm sure its all office gossip. Whether any of it has any validity is questionable, but I do know that the Comair liquidation first became known through the grapevine, while all the official sources were denying it. Just sayin'...some of it might be true.

 

[777forever]

Skywest inc/Xjt doesn't need help financing the aircraft. Delta is buying these so they can give them to someone else who can't get that financing.....Otherwise no reason to carry that debt on their books

Incorrect, Delta is used the purchase as leverage to work a deal to get the 50 seaters they own off their books. It's a debt neutral deal as Bombardier will take back 60 CR2s, and if Delta exercises their 30 options Bombardier takes back another 50 CR2s off Delta's books.

Delta management explained this on their last earnings call, I'll find the quote shortly.

Sent from my HTC One X using Tapatalk 2

 

[777forever]

Skywest inc/Xjt doesn't need help financing the aircraft. Delta is buying these so they can give them to someone else who can't get that financing.....Otherwise no reason to carry that debt on their books

Operator

We’ll take our next question from Michael Linenberg with Deutsche Bank.

Michael Linenberg - Deutsche Bank
Good morning, everyone. Two questions here. When we talked I guess it was Paul, you had talked about the fleet restructuring, Richard yourself as well, you talked about bringing on the 717s and the 737-900s. You also get the ability to add more, larger regional Jets, the 76-seaters and I believe you go from, I want to say, 255 up to 325. Are those airplanes going to be sourced from your current partners? Or will Delta be in the market? Will you be out there either putting those airplanes on your balance sheet or signing the master leases? And what’s the timing on that?

Ed Bastian
Well, we are in the process now of running a competition between Bombardier and Embraer and our expectation is that time around, by the end of the year we’ll have a pretty good idea of what direction we’re going to go. Our goal is to use that to take out a significant number of 50-seaters.

So we will look at all alternatives in terms of which balance sheet they end up on, the regional partner on Delta but when you think about it from a total liability perspective, what our goal is, is to take out the debt and significant costs that are part of owning all these 50-seaters. So when you think about say bringing in 40 76-seaters and taking out 60, 50-seaters, there’s a really good balance sheet and CASM trade there. So when you think about, regardless of where it ends up in terms of the balance sheet, we want to take a significant amount of debt off, to the extent we put that on, by buying 76-seaters.

http://seekingalpha.com/article/947411-delta-air-lines-ceo-discusses-q3-2012-results-earnings-call-transcript?part=single

 

[TEXAN AVIATOR]

Combining SkyWest and ASA may happen, but legacy Expressjet may be left swinging in the breeze. Supposedly their contract expectations are unreasonable, and the pilot group's militancy makes it a difficult cultural fit with the other two groups.

I hate to ruin this with a fact but.....It isn't possible with our transition and process agreement. It would take all three of us to accept the change in direction of a ASA/SKY merger and not XJET. XJT alpa would never approve. Nice wet dream the LASA guys have but not gonna happen. Sorry.

 

[JustaNumber]

I hate to ruin this with a fact but.....It isn't possible with our transition and process agreement. It would take all three of us to accept the change in direction of a ASA/SKY merger and not XJET. XJT alpa would never approve. Nice wet dream the LASA guys have but not gonna happen. Sorry.

Hey, don't shoot the messenger. For what it's worth, there are quite a few LXJT guys saying things like:

The sentiment that I see is that if it means having a concessionary contract, then keep us separate.

 

[TEXAN AVIATOR]

Not shooting anyone. Just stating the facts.... I'm guessing the first part of your rumor could be true but the merging ASA/skywest ain't gonna happen without us ERJ pilots.

The simple fact is if it's a concessionary contract, the ERJ side will vote no way Jose. But, until it comes out for a vote I'll let my negotiation committee do the talking for me.

 

[Nevets]

Hey, don't shoot the messenger. For what it's worth, there are quite a few LXJT guys saying things like:

Well the messenger is pretty naive to be the messenger on this one. Or more likely, they are posting flame bait. For the record, personally, I rather stay separate if merging us with ASA means taking a concessionary contract. That has nothing to do with your nonsense rumor. Are you willing to take a concession on a new contract?

 

[SLUF4]

I hope santa clause brings the general some protein powder and creatine this christmas..you need some bulk!

 

[www.]

Well the messenger is pretty naive to be the messenger on this one. Or more likely, they are posting flame bait. For the record, personally, I rather stay separate if merging us with ASA means taking a concessionary contract. That has nothing to do with your nonsense rumor. Are you willing to take a concession on a new contract?

Is your MEC willing to agree to cancel the TPA agreement?

 

[TEXAN AVIATOR]

Is your MEC willing to agree to cancel the TPA agreement?

No. Is yours willing to quit being whiny bitches?

 

[xjhawk]

Very few pinnacle pilots understand this.

Some even still think we might only lose 15-30 crj's and those will be replaced with 900's. I laugh in a sad way. they quote a contract written on toilet paper that the crj's will be around for X amount of years. They will not listen to any mesaba pilot who has been through a bankruptcy who knows contracts mean nothing when you are in bankruptcy. People! look into the past to see the future!

Delta has contractual obligations with their pilots to get down to 125 crj 200 (50 seaters).

Delta has already made deals with sky west to rid themselves of 66 crj's and if I see that correctly, they will still operate about 90 50 seaters for Delta. How many more does that leave Pinnacle and anyone else? That my friends is how many 200's we will lose.

 

[Speedtape]

It's concessions and a joint contract, or PLAN B. PLAN B = You become the incredible shrinking airline. Just look at the lease retirement schedule starting early next year.

A new CPA can be negotiated, and there will be no replacement airplanes. Then what?

 

[Gr82Aviate]

General Lee is female. Duh.

That would make more sense, 6' 5" and 140 lbs in 6 inch heels?