TSA holdings to grow Trans States Airlines and Compass

[callowayhd]

The latest update is that The erj 145 flying at chat. is going to be moved to TSA airlines. Some of the 170/175 flying done at Republic will be moved to Compass. This is going to be one of the first steps at delta eliminating republic as a regional partner.

My condolences to the main line pilots.

 

[jp222]

Update from where? Sources?

 

[Salukipilot4590]

Like I said in another thread on another web board.......



WAT?

 

[CX880]

Update from where? Sources?

It's flightinfo. No need for sources people just know.

 

[flyboyzii]

I thought they were going to "Burn it Down"??

 

[RiddleEagle18]

this rumor shows up in some form every 6 months or so...

republic buying compass
delta cnx shuttle contract and compass getting the planes

 

[king10pin02]

republic owns the 145s and 175s flown for delta connection, they wont be moved to anyone. if delta pulls the contract (how long did it take for the mesa law suit to finish?) those aircraft will get furry animals on the tail (or blue tails)

 

[Explosive]

republic owns the 145s and 175s flown for delta connection, they wont be moved to anyone. if delta pulls the contract (how long did it take for the mesa law suit to finish?) those aircraft will get furry animals on the tail (or blue tails)

If Delta choses to terminate your CPA & RAH lets some or all of the planes go to DAL, fine. If RAH decides to keep all of that 50 seat lift & the 16 E-jets, even better. I would rather not see Delta subsidize the competition, but I don't want to see RAH pilots out of work either.

From your friends at:

DELTA AIR LINES INC /DE/ ​

​

​

​

​

( DAL )
HARTSFIELD ATLANTA INTL AIRPORT
ATLANTA, GA, 30354−1989
404−715−2600​

www.delta.com

10−Q​

Quarterly report pursuant to sections 13 or 15(d)
Filed on 10/25/2010​

Filed Period 9/30/2010

We may terminate the Chautauqua and Shuttle America contract carrier agreements without cause at any time after May 2010 and January 2016, respectively, by providing certain advance notice. If we terminate either the Chautauqua or Shuttle America agreements without cause, Chautauqua or Shuttle America, respectively, has the right to (1) assign to us leased aircraft that the airline operates for us, provided we are able to continue the leases on the same terms the airline had prior to the assignment and (2) require us to purchase or lease any of the aircraft that the airline owns and operates for us at the time of the termination. If we are required to purchase aircraft owned by Chautauqua or Shuttle America, the purchase price would be equal to the amount necessary to (1) reimburse Chautauqua or Shuttle America for the equity it provided to purchase the aircraft and (2) repay in full any debt outstanding at such time that is not being assumed in connection with such purchase. If we are required to lease aircraft owned by Chautauqua or Shuttle America, the lease would have (1) a rate equal to the debt payments of Chautauqua or Shuttle America for the debt financing of the aircraft calculated as if 90% of the aircraft was debt financed by Chautauqua or Shuttle America and (2) other specified terms and conditions. We estimate that the total fair values, determined as of September 30, 2010, of the aircraft that Chautauqua or Shuttle America could assign to us or require that we purchase if we terminate without cause our contract carrier agreements with those airlines (the “Put Right”) are approximately $180 million and $350 million, respectively. The actual amount that we may be required to pay in these circumstances may be materially different from these estimates. If the Chautauqua or Shuttle America Put Right is exercised, we must also pay the exercising carrier 10% interest (compounded monthly) on the equity the carrier provided when it purchased the put aircraft. These equity amounts for Chautauqua and Shuttle America total $25 million and $52 million, respectively.​