GO Cleared for take-off!!

Victor Meldrew

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Go-Jet Airlines Has Been Cleared for Takeoff

Go-Jet Airlines, a start-up carrier based in Bridgeton, has received preliminary approval as a regional jet operator for United Airlines, federal filings show.

The U.S. Transportation Department tentatively concluded that Go-Jet "is fit, willing and able" to operate as a passenger carrier, subject to conditions. The department said it still will give interested parties an opportunity to show cause on why the agency should not make the tentative ruling final.

Go-Jet is a subsidiary of Bridgeton-based Trans States Holdings Inc., a privately held company controlled by Hulas Kanodia and his family. Kanodia also controls Trans States Airlines, which flies smaller planes out of Lambert Field for American Airlines under the AmericanConnection banner, and for US Airways Express and United Express.

Though sister companies, Go-Jet and Trans States will operate under separate management teams.

Go-Jet plans to begin flying for United Express as soon as next month using two 70-seat jets. It has ordered 10 CRJ-700 jets from Montreal-based Bombardier in a deal valued at $317 million. If the regional airline takes another 40 planes on option, the value of the deal would be more than $1.6 billion, Bombardier said in March.

Go-Jet has received $12 million in debt and equity financing from Trans States Holdings, which reported net income of $27.3 million for the 12 months that ended Sept. 30, according to Transportation Department filings.

At that time, the parent company's balance sheet showed cash and cash equivalents worth $30.2 million, total assets of $58.7 million and no current and long-term liabilities, the filings said.

That financial strength is in stark contrast to the struggles of the major airlines, which are losing billions of dollars amid high fuel costs, keen competition and depressed ticket prices.

Go-Jet's general agreement with United is typical for a regional carrier: United will guarantee revenue and reimburse Go-Jet for expenses, such as jet fuel, according to filings with the Transportation Department. United also will take care of scheduling, ticket pricing and seat inventories.

Go-Jet also stands to get a negotiated payment per flight departure and incentives for passenger volumes and customer service, filings show.

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To see more of the St. Louis Post-Dispatch, or to subscribe to the newspaper, go to http://www.stltoday.com.


Source: St. Louis Post-Dispatch
 
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P-Dawg_QX

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OMG!!! GET OUT YOUR SCAB LISTS AND PREPARE TO DENY JUMPSEATS!!!111!!!one11!!!
 

homerjdispatch

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Just wondering...what makes them "SCABS"? Isnt a "SCAB" someone who crosses a picket line?
 

FreedomAList

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Well, I hate to say I told you so, but . . .

I TOLD YOU SO.

COMING SOON TO AN AIRLINE NEAR YOU:

Lists.

Severe Angst among a few, indifference among many.

Contract concessions during whipsaw.

An awkward re-merger.
---------------------------------------------------------------

The more things change, the more they stay the same. <Sigh>.

Word to the wise -- when you deny a JS, don't show em a list and say they're a SCAB, unless you want to get SUED for libel. Unless picketlines are crossed. Then all bets are off.
 
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doug_or

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I assumed the "!!!111!!!one11!!!" meant he was joking..... but then agian you know what they say about assumptions...
 

DX Rick

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homerjdispatch said:
Just wondering...what makes them "SCABS"? Isnt a "SCAB" someone who crosses a picket line?

So people just don't know the true meaning of the word "SCAB."

Go Jet Pilots are not SCABS.
 

OPECJet

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Its not a scab list, but a pr!ck list.

Add to it anyone who voted yes on a race to the bottom contract.
 

Coexclown

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homer i hope your not defending these guys/gals.

No they aren't scabs, but they are just as bad...backstabbers trying to advance over the backs of others.

All in all, its like someone getting hired next to you dispatching making a dollar an hour less than you, and you getting phased out b/c you're "too expensive"...and you either lower your rate, or take a hike....
 

DX Rick

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Coexclown said:
homer i hope your not defending these guys/gals.

No they aren't scabs, but they are just as bad...backstabbers trying to advance over the backs of others.

All in all, its like someone getting hired next to you dispatching making a dollar an hour less than you, and you getting phased out b/c you're "too expensive"...and you either lower your rate, or take a hike....

I was "phased out" because Southwest didnt want anything to do with a feeder service. Not to mention ATA upper management couldn't figure out how to tie their shoes, so we were shut down.
 

RP170

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DX Rick said:
I was "phased out" because Southwest didnt want anything to do with a feeder service. Not to mention ATA upper management couldn't figure out how to tie their shoes, so we were shut down.

So you are a former Chicago Express driver that now works for GO Jet I take it?
 

DX Rick

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RP170 said:
So you are a former Chicago Express driver that now works for GJ I take it?
No, I'm a former Chicago Express Dispatcher working for myself now.
 

Flyingdutchman

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I just got hired as a DEC off the street. What a great company to work for!

starting class tomorrow.
 

homerjdispatch

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BY NO MEANS WAS I DEFENDING THEM.......Just looking for an explanation!
 

P-Dawg_QX

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doug_or said:
I assumed the "!!!111!!!one11!!!" meant he was joking.....
You would be correct, sir. Thanks for noticing.

I just figured that since we all knew this would into just another thread where people improperly throw around the "scab" term, I'd have a little fun with it.
 

pipejockey

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OK, I haven't really been following this Go-Jet thing but I thought this seperate entity of Trans-States was only so they could operate an aircraft with over 50 seats for United. Americans scope prevents Trans-States from operating the larger jets. So whats with all the scab talk and lists and the like? Its not like Go-Jets is being formed to force Trans-States pilots to accept a sub-standard contract like Freedom was. I didn't think Trans-States was in contract negotiations, are they?
 

TSA ERJ

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pipejockey, you are right, one reason for the formation of Go Jets is to get around the scope American has. But there are other reasons. This conveniently allows the company to bypass contract requirements of the Trans States pilots regarding at least industry average pay for a new aircraft type, and it may or may not violate our scope. (For all of you arm chair lawyers out there we'll leave it for the arbitrator to decide.) This is also exactly like Freedom. Though we are not in contract negotiations now (we will be this winter) Go Jet still puts considerable downward pressure on the TSA pilot group when negotiations begin.
 

flyer172r

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TSA contract negotiations begin a year from now. By that time Go-jets will be fully operational, and I'm sure management would love to start those negotiations by saying something along the lines of "give us what we want or all your flying will be transferred to Go-jet." That's why we're so upset over the whole GJ issue. It may not hurt us next month when (if) they start flying, but it will a year from now. Anyone who says it won't isn't thinking long-term enough.

And honestly, if GJ isn't being formed to get around the TSA contract, and is for the sole purpose of being able to fly 70 seaters, then why won't they use TSA pilots? If they want to grow the company, that's fine, but work with the pilot group that got you this far, not against it.
 

Victor Meldrew

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Flyingdutchman said:
I just got hired as a DEC off the street. What a great company to work for!

starting class tomorrow.

I am sorry Mr Wooden Top but I really don't think that is something to be proud of.
 
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