DAL/Expressjet NO More

[Texx]

Anderson knows exactly what he is going. I wouldn't feel very comfortable at any airline that isn't wholly owned. How much did skywest pay for ASA. I think delta took good old jerry for a couple 100 mil or so. Neither skywest or asa will gain anything but comair, compass or mesaba will have the net gain. Maybe not in LA or SLC but in the total delta picture. Thats how anderson plays the game. He is in control and wants total control.

Well have you looked the ASA DCI agreement?

Two items. At the end of 2007, what ever the % of flights flown out of ATL will be guar. out of ATL.

Item two. And whom do you think has the lease on the C gates? Can you say ASA.

Mr. Anderson was not here when DAL enetered BK so he wasn't in control when the deal was made.

http://www.sec.gov/Archives/edgar/data/793733/000110465905043902/a05-16042_1ex1d2.htm

 

[USCtrojan]

Well have you looked the ASA DCI agreement?

Two items. At the end of 2007, what ever the % of flights flown out of ATL will be guar. out of ATL.

Item two. And whom do you think has the lease on the C gates? Can you say ASA.

Mr. Anderson was not here when DAL enetered BK so he wasn't in control when the deal was made.

http://www.sec.gov/Archives/edgar/data/793733/000110465905043902/a05-16042_1ex1d2.htm

Don't ya just hate it when logic slaps you upside across the face?

Trojan

 

[twott driver]

(6) In the event of an ASA For Cause Termination Event, ASA agrees to use commercially reasonable efforts to assign all of its rights in the “ASA Atlanta Gates” (as defined below) to Delta promptly following such termination.

Seems those gates aren't quite as secure a bargaining chip as most think. We get the ax, we've got to give the gates back.

 

[Bako Cap]

(6)In the event of an ASA For Cause Termination Event, ASA agrees to use commercially reasonable efforts to assign all of its rights in the “ASA Atlanta Gates” (as defined below) to Delta promptly following such termination.

Seems those gates aren't quite as secure a bargaining chip as most think. We get the ax, we've got to give the gates back.

It is not a "no cost" assigning of the gates. It just means that Delta gets first shot at the forced sale (commercially reasonable effort) of the "ASA Atlanta Gates" if the contract is terminated so Delta can run seamless DCI operation out of ASA's gates with a new carrier. This provision was written so that ASA/SkyWest Inc. will not gouge Delta on the sale of the gate rights upon termination of the contract. It is one of the many costs that Delta would incur if the contract were cancelled.

 

[Bushhatesyou]

Branded will close Sept 1st as well.. Announcment should come tomorrow.

 

[Nevets]

Its obvious who the SLC flying is going to be allocated to. The press release specifically only mentions SLC flying as being "reassigned". I wonder who will take over LAX flying?

I was under the impression from the press release and the media Q&A that ONLY XJT's 15 departures a day in SLC would be replaced by another DCI carrier.

 

[Nevets]

If Skywest were to furlough while shifting airplanes to ASA....Those pilots need to be put on the ASA list....There is absolutely no reason to furlough at one while expanding the other....ALPA or no ALPA...that isn't right....

We have a chance to do what ALPA can't seem to do.....A single list at Skywest Inc....and this could be the start of it.....

Didn't ALPA put language in your current contract to do a just that but with seniority and longevity?

 

[Nevets]

From the XJT press release today....

"With the losses we were experiencing from our Delta pro-rate flying combined with our ability to return aircraft to the lessor, this termination of service is in the best interest of our company," said Jim Ream, ExpressJet president and chief executive officer.

Jerry would have never done this deal on a "pro-rate" basis....It's a money loser....XJT did it to keep the planes flying that it lost from CAL....better to lose less money with a pro-rate deal with DAL then to park the airplanes....

Jerry doesn't sign money losing deals....XJT low balled the RFP.....

The original deal was a 10 aircraft CPA. The pro-rate aircraft were added after the fact. The loses on the pro-rate flying were so great that it consumed any money made from the 10 CPA aircraft. They were two separate deals that DAL wanted out of.

 

[Nevets]

Expressjets stock at $.49 and you could have $3.50 three weeks ago. Ouch!

You know your audience here are mostly pilots and not XJT stock holders right?

 

[dojetdriver]

The original deal was a 10 aircraft CPA. The pro-rate aircraft were added after the fact. The loses on the pro-rate flying were so great that it consumed any money made from the 10 CPA aircraft. They were two separate deals that DAL wanted out of.

Thats funny, that's pretty much what I told him in post #61.