Revolutions – Special Edition
April 27, 2006
Fleet Plan for Piedmont Airlines 2006 and Beyond
MEC Chairman Calvin Dilks participated in a conference call this morning with Piedmont President Steve Farrow, Vice President – Flight Operations Michael Scrobola, and AFA MEC President Betsy Tettlebach.***** During that time, he learned the following:
* Marketing is planning to have 53 aircraft operating through the first of the year (under the*****old restructuring plan, we were scheduled to have 39 Dash 8’s operating at this time).
* Management plans to place two aircraft in C or D checks with an additional plane held as a spare.
* The company is in the final steps of finalizing lease extensions on three to four 200’s through the October-November time period, to accommodate required maintenance as well as to acquisition the replacement of the 100’s. Leases on the remaining aircraft are being renegotiated through the end of 2010.
* The company in Bangor, ME that is currently conducting heavy checks for Piedmont is being replaced by two*****outfits (one in Canada and the other in Nashville, TN).
* Due to high fuel prices, the lease rates for 300 aircraft have increased dramatically.
* We have two Dash-8 300s with long-range fuel tanks; these aircraft are in the greatest demand and the lease for at least one of these will not be renewed.
* Piedmont currently owns 33 100’s, which have been approved for 80,000 cycles (some of the older aircraft have 60,000/ some of the newer aircraft have as few as 40,000).
* The paint program will begin during the last quarter of 2006 at the earliest (more likely, the first part of 2007) due to a lack of spare aircraft.
* The company is doubling the interior and exterior cleaning of the aircraft.
* The company will be distributing a letter shortly with*****an updated fleet plan.*****
* The company plans to hire 14 pilots in May and June.
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