F9 getting 40mill by RAH

[dh2981]

http://uk.reuters.com/article/governmentFilingsNews/idUKN0536101220090306

*Republic to provide $40 mln DIP financing to Frontier
*Republic to get damage claim of $150 mln
*Agreement needs court approval
NEW YORK, March 5 (Reuters) - Frontier Airlines Holdings Inc (FRNTQ.PK) said on Thursday it received a commitment for $40 million debtor-in-possession financing from Republic Airways Holdings Inc (RJET.O).
The airline, which filed for Chapter 11 bankruptcy protection on April 10, 2008, said the new financing, which matures in April, preserves its stability as it seeks a plan to emerge from bankruptcy later this year.
It said that the financing comes with a condition that Frontier allow Republic a stipulated damage claim in the amount of $150 million. The agreement also needs to be approved by bankruptcy court.
Frontier already received $30 million in DIP funding from Republic and Credit Suisse Securities and AQR Capital in August 2008. Republic said in the statement that Frontier is on the right path to emerge from bankruptcy this summer. (Reporting by Sinead Carew; Editing by Gary Hill)

 

[JettBoii]

Wgas......

 

[MCOE175]

They all come to Republic Airways Savings and Loan.

 

[inflightboi175]

maybe republic will buy lynx and reopen a denver base

 

[V-1]

Why don't they just buy Frontier instead?

 

[AvroGuy]

Why don't they just buy Frontier instead?

Now you did it, you just opened the next can of worms..Here is the up and coming rumor.

---"I was riding the jump on a Shuttle 170 to work today and the guys were saying that Republic holdings is going to buy frontier and staple them to the bottom of the list. The capt said he would be in the left seat of a 319 in less than a year! I need the deets, any one confirm this???"---

It will be something like that. Have fun with it.

 

[Speedtape]

Actually, SkyWest, Inc. is considering.

 

[spudskier]

Actually, SkyWest, Inc. is considering.

That's cute, but it's wrong... SkyW is getting 737-700s for DAL, and 737-800s for the Brazilian operation

 

[flyboyzz1]

hahaha ahhhh skywest...yeah I see that happening

 

[kwick]

RAH should go out of business this year!

They are just a Scab airline looking to take advantage of others. when they are vulnerable.

Your RAH spokesman , McNugget, has stated his career goal of being a Scab.

I'd rather be unemployeed than be a Republic Scab.

 

[Captain Morgan]

RAH should go out of business this year!

They are just a Scab airline looking to take advantage of others. when they are vulnerable.

Your RAH spokesman , McNugget, has stated his career goal of being a Scab.

I'd rather be unemployeed than be a Republic Scab.

Look, I get that you are probably at a low point in your career but you shouldn't be wishing ill will on anybody else. That sort of thing usually comes back to haunt you.

What I don't get is that most pilots seem to think that the airline is there to serve them, it's not. It's a business and this is good business sense. Most of you have no idea what goes on in the boardrooms and quite frankly, you shouldn't because your brains don't comprehend the complexities of business finances.

The long and short of this deal is that we loaned money that possibly could be lost if the airline goes into bankruptcy. If we keep them out of bankruptcy we keep our interest in the airline afloat along with gaining intrerest on the loan. Those 170s that were sitting around were costing us money. This money was invested and so we are in the same place as if the planes were sitting around doing nothing, except we are making interest and have the option of obtaining assets. Oh yeah, and we are keeping pilots off the street. And if any of you jokers want to pull the "we have furloughed people on the street and we should be calling them back first..." card, we already have called back some. The whole interest of the company takes the place of a few pilots who still have recall rights. This is the hard truth we have to live with.

 

[Yuppyguppy]

Look, I get that you are probably at a low point in your career but you shouldn't be wishing ill will on anybody else. That sort of thing usually comes back to haunt you.

What I don't get is that most pilots seem to think that the airline is there to serve them, it's not. It's a business and this is good business sense. Most of you have no idea what goes on in the boardrooms and quite frankly, you shouldn't because your brains don't comprehend the complexities of business finances.

The long and short of this deal is that we loaned money that possibly could be lost if the airline goes into bankruptcy. If we keep them out of bankruptcy we keep our interest in the airline afloat along with gaining intrerest on the loan. Those 170s that were sitting around were costing us money. This money was invested and so we are in the same place as if the planes were sitting around doing nothing, except we are making interest and have the option of obtaining assets. Oh yeah, and we are keeping pilots off the street. And if any of you jokers want to pull the "we have furloughed people on the street and we should be calling them back first..." card, we already have called back some. The whole interest of the company takes the place of a few pilots who still have recall rights. This is the hard truth we have to live with.

Truly spoken like someone who has so much experience in aviation...

 

[DOVPILOT]

Now you did it, you just opened the next can of worms..Here is the up and coming rumor.

---"I was riding the jump on a Shuttle 170 to work today and the guys were saying that Republic holdings is going to buy frontier and staple them to the bottom of the list. The capt said he would be in the left seat of a 319 in less than a year! I need the deets, any one confirm this???"---

It will be something like that. Have fun with it.

I think Wexford

http://www.wexford.com/3/home.html

is a majority share holder in both companies, so they are already in bed with each other. As far as senority intergration, well that would just be another nightmare:angryfire

 

[samballs]

Look, I get that you are probably at a low point in your career but you shouldn't be wishing ill will on anybody else. That sort of thing usually comes back to haunt you.

What I don't get is that most pilots seem to think that the airline is there to serve them, it's not. It's a business and this is good business sense. Most of you have no idea what goes on in the boardrooms and quite frankly, you shouldn't because your brains don't comprehend the complexities of business finances.

The long and short of this deal is that we loaned money that possibly could be lost if the airline goes into bankruptcy. If we keep them out of bankruptcy we keep our interest in the airline afloat along with gaining intrerest on the loan. Those 170s that were sitting around were costing us money. This money was invested and so we are in the same place as if the planes were sitting around doing nothing, except we are making interest and have the option of obtaining assets. Oh yeah, and we are keeping pilots off the street. And if any of you jokers want to pull the "we have furloughed people on the street and we should be calling them back first..." card, we already have called back some. The whole interest of the company takes the place of a few pilots who still have recall rights. This is the hard truth we have to live with.

You do realize they are in BK

 

[Captain Morgan]

You do realize they are in BK

No I didn't. Thanks for the info. These airlines go in and out of BK so much, I can't keep track. In any case, the point is that we are trying to protect our investment. These are F'd up times and I think everyone is trying to just stay afloat. I don't think we are screwing anyone intentionally, if at all.

 

[samballs]

No I didn't. Thanks for the info. These airlines go in and out of BK so much, I can't keep track. In any case, the point is that we are trying to protect our investment. These are F'd up times and I think everyone is trying to just stay afloat. I don't think we are screwing anyone intentionally, if at all.

Maybe if you voted no on your wages you could say we are not screwing anyone intentionally, but if you voted yes then I believe the Midwest guys can say very loudly "RAH pilots have screwed me".

 

[DiverDriver]

RAH pilots should just keep this in the back of their minds during their next negotiation cycle when they're told "we can't afford you". You can tell them BS.

 

[PBRstreetgang]

our investment

The company belongs to the shareholder, you on the other hand are the help, there is no "our investment" unless you hold stock.
PBR

 

[SennaP1]

Maybe if you voted no on your wages you could say we are not screwing anyone intentionally, but if you voted yes then I believe the Midwest guys can say very loudly "RAH pilots have screwed me".

When this contract was signed more than half of the pilots that are here now, were not at RAH.

We know what/who screwed the pilots and (all the employess of Midwest). It was TH and the company running the show for TPG. Midwest (as in the mainline) is a great company too bad they never had a management group that could run a good operation (mgmt).

Good luck to the Midwest pilots.

 

[samballs]

When this contract was signed more than half of the pilots that are here now, were not at RAH.

We know what/who screwed the pilots and (all the employess of Midwest). It was TH and the company running the show for TPG. Midwest (as in the mainline) is a great company too bad they never had a management group that could run a good operation (mgmt).

Good luck to the Midwest pilots.

-YOU took A job there
-TPG found an airline with people that were willing to work for less than their current employees
-Way too blame it on MW mang. yes they suck, but you guys cut the pilots
-congrats, flying roughly same planes for half the price.
Lets me take a guess, "at least we have a job, we'll fight for our wages after its said and done".
Hope MW grows to bring back the furloughs, but we need to keep our flying with MW so we don't furlough anymore. This was said to me from one of your stellar pilots.

 

[SennaP1]

1. YOU took A job there
2.-TPG found an airline with people that were willing to work for less than their current employees
3.-Way too blame it on MW mang. yes they suck, but you guys cut the pilots
4.-congrats, flying roughly same planes for half the price.
5.Lets me take a guess, "at least we have a job, we'll fight for our wages after its said and done".
6.Hope MW grows to bring back the furloughs, but we need to keep our flying with MW so we don't furlough anymore. This was said to me from one of your stellar pilots.

Nice avatar. To that we agree. Probably not much between the ears there. But we digress....

1. I took a job here. No one asked me how I felt about flying for Midwest before it showed up on my schedule.

2. Yeah we are (ALOT)cheaper. That's a problem, but its also a known fact.

3. TPG is just the pockets($) of the operation. When they make a gentlemen's agreement(717 leases) with Boeing and then reneg. It does screw over the great employees of Midwest.

4. I'd rather be flying at Midwest(with their current payscale) than at RAH. No congratulations needed.

5. It's a job, not a career (at RAH). I'll be gone as soon as a door opens.

6. Unfortunately I don't think Midwest will grow. They just gave up on their E170 program after Typing a few guys. Again I blame this on MEH mgmt, they have never been good at picking the right airplane for the mission.

Good luck to you and the Midwest pilots.

 

[Sig]

5. It's a job, not a career (at RAH). I'll be gone as soon as a door opens.

Very serious question:

You leave, getting a better job. Another carrier comes in because the "deep pockets" make an impersonal yet rational business decision, and your new job is in jeopardy.

What do you do?

 

[SennaP1]

Very serious question:

You leave, getting a better job. Another carrier comes in because the "deep pockets" make an impersonal yet rational business decision, and your new job is in jeopardy.

What do you do?

Raise a big stink on Flightinfo.com to a bunch of "internet intellectuals"


But seriously...
That's the name of the game, I'm wiling to take that chance. This (RAH) isn't what the final goal for me is. Its all about risk management just like everything else.

 

[Captain Morgan]

Maybe if you voted no on your wages you could say we are not screwing anyone intentionally, but if you voted yes then I believe the Midwest guys can say very loudly "RAH pilots have screwed me".

I didn't vote on anything, I've only been here a year and 3 months.

 

[Captain Morgan]

The company belongs to the shareholder, you on the other hand are the help, there is no "our investment" unless you hold stock.
PBR

Symantics. Don't be a retard, you know what I meant. I don't expect to get anything handed to me from the company except my paycheck every two weeks. Unfortunately, every worker feels they are owed a board member's bonus and benefits, and THAT is what's wrong with America. I've got a name for the new generation of citizen, they are all now known as the "Entitlement Generation."

 

[Sig]

"Entitlement Generation."

That ties into what I asked the other fella.

If you accept a job, on the premise of stability, great product, fantastic future, a retirement....


And someone comes in and jettisons you to the street? Will you truly have the stiff upper lip, aww it's just business attitude?

I truly doubt it. Entitlement is an easy moniker to hang on someone else, while the teeth are on the other end.

What happens when you're hamstrung by a starry-eyed kid that just adores the fact he's making 20 (TWENTY) thousand a year to do your job?


It will happen. I promise. It is a bed you've made, and I want to know your thoughts when you're lying in it.

 

[Captain Morgan]

That ties into what I asked the other fella.

If you accept a job, on the premise of stability, great product, fantastic future, a retirement....


And someone comes in and jettisons you to the street? Will you truly have the stiff upper lip, aww it's just business attitude?

I truly doubt it. Entitlement is an easy moniker to hang on someone else, while the teeth are on the other end.

What happens when you're hamstrung by a starry-eyed kid that just adores the fact he's making 20 (TWENTY) thousand a year to do your job?


It will happen. I promise. It is a bed you've made, and I want to know your thoughts when you're lying in it.

I can understand the disappointment of some of the pilots, but what I was referring to was how people expect spectacular bennies like boardmembers of a company. This point that I was making came about from an earlier poster, uhmmm PBRStreetgang. He was pointing out that I referred to "our investment" and trying to prove that I am not a boardmember so it really isn't my company. This is true but I then stated that the "our" that I used was a general term to describe the company that I work at. I then said that I don't expect anything more than a paycheck... blah blah blah. Clear as mud? Ok, I'm dizzy now. uke:

 

[Airline Driver]

The Majority of the idiots who post on this board are the most self center, egoticical,

 

[Airline Driver]

RAH should go out of business this year!

They are just a Scab airline looking to take advantage of others. when they are vulnerable.

Your RAH spokesman , McNugget, has stated his career goal of being a Scab.

I'd rather be unemployeed than be a Republic Scab.

I have worked at RAH for almost 6 years. In that Time, I have not crossed any picket line, Nor would I ever. Just because your company does not know how to run itself does not make RAH a scab airline. It is what it is. Business between two companies. No pilot from either airline had anything to do with that. End of Story.

You want to blame something or someone, then blame the idiots in congress who deregulated the airlines.

You made the choice to work work where you are, if your not happy Then get out!

 

[AceCrackshot]

That ties into what I asked the other fella.

If you accept a job, on the premise of stability, great product, fantastic future, a retirement....


And someone comes in and jettisons you to the street? Will you truly have the stiff upper lip, aww it's just business attitude?

I truly doubt it. Entitlement is an easy moniker to hang on someone else, while the teeth are on the other end.

What happens when you're hamstrung by a starry-eyed kid that just adores the fact he's making 20 (TWENTY) thousand a year to do your job?


It will happen. I promise. It is a bed you've made, and I want to know your thoughts when you're lying in it.

That was a really good point, in 1993. Or in 1978. Either way, the DL bubbas made this bed for us with RJs, and the DL, UA, US guys practically speaking, cemented it with their abandonment of scope language in the mid 2000s. The AA and US guys didn't do the regional guys any favors with their contractual language (which shafted their wholly-owned airlines, rather than finding common ground with those pilots groups for mutual benefit.)

So, I guess the point I'm making is that this fight has been (barely) fought and lost, a long time ago.

The mainline pilot groups should have been fighting for brand seniority lists, scope language, and minimum contract language a long time ago, but didn't. Why not? Shortsightedness, ego-centrism, and a classic superiority complex are primarily to blame.

So, blaming the other guy isn't very helpful. And, if you haven't noticed, our (the Pilots') union isn't exactly going out of its way to help the junior pilot (Age 65) but rather, is continuing to kow-tow to the senior pilots, even those not affliated with ALPA (see also, TWA) to continue to pursue short-sighted, ego-centric goals, based primarily on the belief that people who fly 737s for a living are intrinsically better than those in a 1900.

Now, while I understand the stress and heartbreak of someone about to lose his job (I've been there, twice) asking someone to all of sudden find religion and dive on his sword, is somewhat disingenious.