More drama? 2nd run at Frontier?

[Taco Rocket]

Who might be the likely buyer? Perhaps a company that has previously bid and would profit from reduced competition at DEN/MKE? Considering recent events, is mgt going to ask the pilot group this time?

http://www.bloomberg.com/news/2011-...lease-reductions-will-return-four-planes.html

 

[OurMoney1]

What fumbling mess.

 

[ArcadiaMaxima]

So buy new planes just to sell airline????


INDIANAPOLIS--(BUSINESS WIRE)-- Republic Airways Holdings Inc. (NASDAQ:RJET - News) today announced it has confirmed its order with Airbus to purchase 60 A320neo (New Engine Option) and 20 A319neo aircraft. Republic had signed a letter of intent for the purchase in mid-June.


The aircraft, which will be powered by CFM’s LEAP-X engines, will be flown by Republic’s Frontier Airlines subsidiary. Frontier currently operates 59 Airbus A318, A319 and A320 aircraft.


“This order is a confirmation of our confidence that Airbus and the NEO aircraft will be significant contributors to the future growth of Frontier Airlines,” said Bryan Bedford, chairman, president and CEO of Republic Airways. “We see high fuel prices continuing, and these state-of-the-art, fuel-efficient aircraft will be a major factor in Frontier maintaining its position as an industry cost leader. They will allow Frontier to continue to offer travelers low fares despite persistently high fuel prices.”


“The neo is already proving to be the single-aisle aircraft for our industry’s future, and with this order, Republic has demonstrated its position as a forward-thinking organization that puts its passengers at the front of its buying criteria,” said John Leahy, Airbus Chief Operating Officer. “Frontier joins a growing list of U.S. airlines that will soon experience the tangible benefits of the neo.”


Frontier flies to more than 75 destinations in the United States, Mexico and Costa Rica from its hubs at Denver International Airport, Milwaukee’s General Mitchell International Airport and Kansas City International Airport.

 

[SELFloadingCRGO]

Could be a tactic to improve the chances of someone buying them. All those orders could be attractive to somebody.



SLC

 

[RiddleEagle18]

The orders were previously announced. They just finalized the deal and changed the order from 40 each to 60 320 20 319.

 

[GuppyWN]

The Frontier employees took it up the butt in order to "Save the Animals" and this is the thanks they get?

Thanks Brian!
Gup

 

[Fubijaakr]

jetBlue...

 

[CapnVegetto]

jetBlue...

Dunno bout that. F9 is unprofitable and head to head with unical and luv in DEN. What does B6 have to gain by that other than a big headache dealing with FAPA? It would greatly increase their domestic route structure, which is severely lacking, but at what cost? Plus it would take some major tweaking b/c of what I said before, F9 is not profitable.

 

[hoover84]

A F9 purchase would allow JB to unload its E190 and get back to a single fleet type over time....plus grow.

 

[Fubijaakr]

There you go.

 

[$$$4nothin]

Dunno bout that. F9 is unprofitable and head to head with unical and luv in DEN. What does B6 have to gain by that other than a big headache dealing with FAPA? It would greatly increase their domestic route structure, which is severely lacking, but at what cost? Plus it would take some major tweaking b/c of what I said before, F9 is not profitable.

B6 Won't have to deal with FAPA. The F9 pilots are part of the RAH pilot group now. The F9 pilots will not go with the planes. The F9 assests will be sold off, BB will take his millions and run. Thanks to the 7 year fence that the F9 pilots fought so hard for they will all be out of a job for about 6 more years. BB and Co. just spent a couple years haveing the RAH pilot group pay for his F9 purchase. Now he will sell everything and furlough hundreds. Makeing tens of millions in the process. Gotta love the airline industry huh.

 

[Fubijaakr]

Its Frank Lorenzo all over again.

 

[Devil Dawg]

Still better than a SWA staple.

 

[GuppyWN]

Still better than a SWA staple.

If you say so.
Gup

 

[CapnVegetto]

A F9 purchase would allow JB to unload its E190 and get back to a single fleet type over time....plus grow.

So what would they do with the 30 something e190's they have now? Junk 'em? What about the ones F9 has? Seems like a hell of a waste of money.

 

[CapnVegetto]

B6 Won't have to deal with FAPA. The F9 pilots are part of the RAH pilot group now. The F9 pilots will not go with the planes. The F9 assests will be sold off, BB will take his millions and run. Thanks to the 7 year fence that the F9 pilots fought so hard for they will all be out of a job for about 6 more years. BB and Co. just spent a couple years haveing the RAH pilot group pay for his F9 purchase. Now he will sell everything and furlough hundreds. Makeing tens of millions in the process. Gotta love the airline industry huh.

Doubt that will happen. Lots of lawsuits would come from that. Dont know how he'd get away with that.

 

[Fubijaakr]

Are you kidding? How did he get away with doing it to the Midwest Express pilots?

 

[SWA/FO]

Still better than a SWA staple.

really?

 

[St. Nic]

F9 is done! Put a fork in it... Another one bites the dust. We need a national seniority list now!!! Get a date of hire and transfer your skills to another job.

 

[CapnVegetto]

Are you kidding? How did he get away with doing it to the Midwest Express pilots?

He screwed them, sure, but he kept the employees, albeit with a massive screwjob.

I just don't buy an asset swipe. No way. Let's say B6 bought F9 tomorrow and dumped all the pilots. What would all those assets do other than sit around and do nothing? Somebody has to fly those busses.

Worst case scenario would be a Mesa/Freedom type deal where B6 would paint the planes, open a DEN B6 base, and transfer flying to the B6 certificate. Don't believe that would happen though, especially with B6 having no union and F9 with the teamsters. There would be a nasty damn battle over the seniority list, which B6 management does not want.

I just think that B6 won't be the buyer in a M&A, they'll be the buyee. AA or WN are the two most likely candidates IMO. I just don't see F9 happening.

Just think also, what was the last flightinfo rumor that came true? They usuallly don't.