When will Frontier Exit Bankruptcy?

[Secret Squirrel]

The problem is they can give up scope or not. Under this deal the two seniority lists will be merged and it will be one company. It is required under the RAH contract. After the lists are merged BB just brings on 190-195s and gets rid of the Airbuses. Scope will have nothing to do with it. The news release said it all. After the reorganization F9 will be a wholly owned subsidiary of RAH.

 

[Superpilot92]

The problem is they can give up scope or not. Under this deal the two seniority lists will be merged and it will be one company. It is required under the RAH contract. After the lists are merged BB just brings on 190-195s and gets rid of the Airbuses. Scope will have nothing to do with it. The news release said it all. After the reorganization F9 will be a wholly owned subsidiary of RAH.

thats not what the reverend is telling the F9 guys,


This is directly from Frontier's Pilot Union:

"There are many terms and conditions within the Republic Plan that must be satisfied in return for this investment. Of interest to FAPA Members – the Republic Plan requires changes be made to our CBA including a 3 year extension (to March 2, 2015) of the amendable date and a change to Section 1.F allowing for “unlimited scope relief.” For all employees, the Frontier profit sharing plan will be replaced with a Republic profit sharing plan. Republic’s terms are initial “asks” and not changes that will be casually forced upon us. Republic has indicated that they plan to operate Frontier as a separate fenced off company and not merge seniority lists."

 

[Superpilot92]

Thats bedford showing how much he respects his current pilots contract if he's already saying he'll get around it. Thats a huge middle finger towards his current pilots. And giving up "unlimited scope relief" is asking to get outsourced or at the very minimum end up getting paid much less. uke:

 

[Captainzero1]

Is RAH, the Warren Buffet of the airline biz or what?

 

[sshrae]

The problem is they can give up scope or not. Under this deal the two seniority lists will be merged and it will be one company. It is required under the RAH contract. After the lists are merged BB just brings on 190-195s and gets rid of the Airbuses. Scope will have nothing to do with it. The news release said it all. After the reorganization F9 will be a wholly owned subsidiary of RAH.

I understand what you are saying, but again that is assuming that the f9 pilots vote for the lists to be merged. They cannot merge the lists without the approval of fapa. That is another area where I don't see the f9ers giving in. Scope and merge are two different things but they will be voted on together.

 

[Yuppyguppy]

So would there now be a flow-up and flowback to Frontier from RAH and vice versa? What about the Lynx pilots? I would bet that a senior RAH E170 driver would love to get his hands on a Bus sidestick...

Oh boy... This is gonna get messy.... And no doubt UAL wouldn't want to work with a competitor out of DEN. Perhaps this indicates RAH has little confidence in UAL's ability to survive going forward and it wants to better control its own destiny...

\

good one... now go back to your summer school class

 

[Secret Squirrel]

Fight the good fight.

 

[djsk]

I thought when Frontier took paycuts it was going to prevent all this?

 

[Browntothebone]

RAH just bought Midwest.

http://finance.yahoo.com/news/Republic-Airways-to-Acquire-bw-2066208706.html?x=0&.v=1

Republic Airways to Acquire Midwest Airlines

• Press Release
• Source: Republic Airways Holdings
• On Tuesday June 23, 2009, 3:30 pm EDT

• • Republic airways holdings inc.

INDIANAPOLIS--(BUSINESS WIRE)--Republic Airways Holdings (NASDAQ: RJET - News) today announced that it is acquiring Milwaukee-based Midwest Airlines from TPG Capital, a Fort Worth, Texas-based private equity firm. The transaction is subject to customary regulatory approvals and is expected to close in four to six weeks.
Republic will acquire 100% of the equity of Midwest and TPG’s $31 million secured note from Midwest. Consideration will be $6 million in cash and a $25 million, five-year note, which may be converted to RJET stock at $10 per share. In addition, TPG will have the right to nominate a member to the Republic Board of Directors.
“This acquisition will enhance the strategic positioning of Republic Airways,” said Bryan Bedford, chairman, president and CEO of Republic Airways. “Midwest has built a strong brand, a loyal base of customers and dedicated team of employees. We look forward to welcoming them to the Republic family and continuing the Midwest tradition of excellent customer care.”
Bedford added: “As Midwest celebrates its 25th anniversary, I want to make sure I recognize what the employees of Midwest – past and present – have built and sustained through both good and difficult times. This is a great brand built on superior customer service that will continue under new ownership.”
Under the agreement, Midwest will become a wholly owned subsidiary of Republic Airways, with the Midwest brand continuing. Midwest’s Boeing 717s will be replaced with Embraer 190 aircraft, enhancing Midwest’s ability to offer nonstop service to key destinations important to its frequent flyers.
Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America. The airlines offer scheduled passenger service on approximately 1,200 flights daily to 101 cities in 37 states, Canada and Mexico through airline services agreements with seven U.S. airlines. All of the airlines’ flights are operated under their airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express, Midwest Connect, Mokulele Airlines and US Airways Express. The airlines currently employ approximately 4,500 aviation professionals and operate 212 regional jets.
In addition to historical information, this release contains forward-looking statements. Republic Airways may, from time-to-time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass Republic Airways’ beliefs, expectations, hopes or intentions regarding future events. Words such as "expects," "intends," "believes," "anticipates," "should," "likely" and similar expressions identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to Republic Airways as of such date. Republic Airways assumes no obligation to update any forward-looking statement. Actual results may vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of reasons, including, among others, the risk factors disclosed in the Company’s most recent filing with the Securities and Exchange Commission.

Contact:


Republic Airways Holdings
Carlo Bertolini, 317-484-6069

 

[CitationLover]

I hope our MEC is calling Frontier's.