UAL started axing its express side!!!

[BUDDHA145]

On July 3, 2008, Republic Airways Holdings Inc. (the "Company") received notice dated July 1, 2008, from United Air Lines, Inc. ("United") , that United was exercising its right to terminate the United Express Agreement (the "Agreement"), dated as of February 13, 2004, by and between United and Chautauqua Airlines, Inc. ("Chautauqua"). The Agreement provides for Chautauqua to operate seven ERJ-145 aircraft. The termination will be effective December 31, 2009. On that date, Chautauqua will remove the seven aircraft from United Express service. The agreement between United and Shuttle America Corp., the Company's subsidiary, is unaffected by United's termination letter. A copy of the termination letter is filed herewith as Exhibit 10.1.

The 50 seater era is starting its end!!! just me...

 

[n757st]

On July 3, 2008, Republic Airways Holdings Inc. (the "Company") received notice dated July 1, 2008, from United Air Lines, Inc. ("United") , that United was exercising its right to terminate the United Express Agreement (the "Agreement"), dated as of February 13, 2004, by and between United and Chautauqua Airlines, Inc. ("Chautauqua"). The Agreement provides for Chautauqua to operate seven ERJ-145 aircraft. The termination will be effective December 31, 2009. On that date, Chautauqua will remove the seven aircraft from United Express service. The agreement between United and Shuttle America Corp., the Company's subsidiary, is unaffected by United's termination letter. A copy of the termination letter is filed herewith as Exhibit 10.1.

The 50 seater era is starting its end!!! just me...

Thats a hell of a lot of notice... December 2009.

 

[SiuDude]

UAL started axing its express side!!!

What did they axe them?

 

[flyboyike]

Thats a hell of a lot of notice... December 2009.

Especially when you consider that by 12/2009 UAL itself may be a memory.

 

[pa31capt]

Wasn't that contract up at that date anyway? I was under the impression that United had been removing planes from Chautauqua for a while now and adding planes to Shuttle America.

 

[Long Time Gone]

The termination will be effective December 31, 2009.

The 50 seater era is starting its end!!! just me...

Quick!!! Run for the hills!!! :uzi: The 50 seat era will end in a year and a half!!!:erm:

What did they axe them?

The same thing Freedom was axed by Delta. Copy dat?imp:

 

[Skippy]

7 whole planes, wow!

 

[AV1ATRX]

I wonder why BB didn't mention this in his July 3rd letter?

 

[Flip]

End is near

 

[j41driver]

...nevermind...

 

[veneratio]

what is that, 70 pilots?

 

[WalterSobchak]

What did they axe them?

(in best Chris Rock voice...) Lemme axe ya 'dis...lemme axe ya 'dis...can ya kick my @$$?

 

[MALSR]

what about the 35 seat era? when is that going to end?

 

[Soverytired]

Welcome to the beginning of the end.

The days of the 20-50 seat jet contract lift are coming to an end. It was a great run while it lasted, but at .20-.30 cents per seat mile (and climbing), they're money losers in a HUGE way.

 

[TAWS]

Now you know why they sold all that stock.

Analysts and clowns (like Boyd aka Captain Obvious) will point this out and the stock will drop. What they don't tell you is that it was planned for a long time ago.

Even though things are slow right now, we're losing atleast 10 captains/month. Once SWA kicks hiring into full swing, we might lose more per month.

 

[Tarzan]

Quick! Everybody panic!

 

[Stifler's Mom]

What did they axe them?

They axed them to stop flying in Dec '09.

 

[Stifler's Mom]

Quick!!! Run for the hills!!! :uzi: The 50 seat era will end in a year and a half!!!:erm:




The same thing Freedom was axed by Delta. Copy dat?imp:

They way things are in the industry lately, Dec. '09 sounds more like job security to me.

 

[Axel]

I'm gonna miss the Marx Brothers reenactments at the A gates.

 

[SF340Guy]

I thought they were already gone. Great, I bet the Frontier planes go away next...