• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.

Airways going to drop Republic - Mayyyybe?

Joined
Apr 15, 2004
Posts
4,872
Total Time
4
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

$11.25 per seat mile
Joined
Oct 13, 2003
Posts
382
Total Time
whtevr
So is my Johnson, discuss!
 

BoilerUP

Citation style...
Joined
Nov 11, 2003
Posts
5,311
Total Time
1500+
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.

RJET 10-K said:
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

One List
Joined
Nov 30, 2003
Posts
617
Total Time
39 yrs
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

Citation style...
Joined
Nov 11, 2003
Posts
5,311
Total Time
1500+
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

Benevolent Dictator
Joined
Dec 12, 2005
Posts
455
Total Time
5500
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

Well-known member
Joined
Dec 18, 2007
Posts
1,535
Total Time
2
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

Banned
KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Total Time
Mucho
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

Part time genius
Joined
Jan 31, 2004
Posts
1,370
Total Time
1
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

Part time genius
Joined
Jan 31, 2004
Posts
1,370
Total Time
1
Mesa, the suck that won't destruct.
 

buxflyr

Well-known member
Joined
Apr 27, 2006
Posts
248
Total Time
4100
Piedmont will have to get new planes for anything to happen. PSA is starting some kind of international service in Jan..... DCA???
 

jws717

registered abuser
Joined
Feb 8, 2004
Posts
572
Total Time
loads
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

I spake!
Joined
Aug 14, 2008
Posts
536
Total Time
999999
does psa have 900 rates already established? or if u picked up 9s would it just be part of the blended rate?
 

flyer172r

Well-known member
Joined
Jun 13, 2004
Posts
948
Total Time
5000
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

I had the fish for dinner
Joined
Sep 9, 2007
Posts
877
Total Time
time?
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

Well-known member
Joined
Dec 18, 2007
Posts
1,535
Total Time
2
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

Well-known member
Joined
Oct 24, 2003
Posts
445
Total Time
13000
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?
 
Top