help me understand Republic......

[fr8tmastr]

Yes, that is exactly what I am saying. The deal was for 110 mil. Out of that money roughly 50% went to ATSB loans. (the 170's were collateral) The deal also included the sim, slots in DCA, a simulator, a door trainer, and various other aircraft parts. The Sim deal did not happen, that is roughly 15 mil. (what I have been told while up in Montreal at CAE). Out of the remaining 40 million our "leadership" took 35 plus million in bonuses. these numbers are not exact, but close enough to make my point. Airways netted less than 10 million (with fudge factor for approx. numbers)out of this deal. Airways also secured hundreds of millions of dollars in extra money from other unexpected investors at this same time. This came from the horses mouths in press releases. No matter how you slice it the 5 to 10 million net was not neccessary for Airways survival, the deal was however neccessary for management bonuses.

As far as republic taking the leases over, yes they did. But the deal with Republic is "Cost plus" So Airways is still paying the leases, its just not in their name anymore. Airways is also paying for the operation of these aircraft, and to crew these aircraft just as if they actually owned them. Here comes the best part, after paying all the COST, Airways then Pays the PLUS, which is how Republic makes its living.

 

[ringmaruf]

Actually Air Wisconsin AND republic both invested. Republic got planes and an arangement for some gates. Those two regional carriers are a HUGE part of the reason US is alive today. Quote from Forbes Mag:

"The journey of 1,000 miles... US Airways (otc: UAIRQ - news - people ) on Thursday gained another wee step toward emerging from Chapter 11. A bankruptcy judge OK'd plans by a second regional air firm to invest $125 million in the struggling carrier, and extended until May 31 a deadline for it to file a reorganization plan. The deal provides that Republic Airways Holdings Republic Airways Holdings (nasdaq: RJET - news - people ), whose units are Chautauqua and Republic airlines, will get at least a 19% piece of the reorganized company in return for its investment. "

Balance of article.

Sorry EMBFA but on this you musta missed the memo.

Sorry, Bob, but she (he?) is right.

Republic has initially agreed to invest money in US, in addition to buying the planes/slots, which is what your quotes refer to. But once the merger was announced, US told Republic to take their money and shove it, and Republic never did invest anything in the airline, they only bought the planes/slots.

 

[Dont call me Shirley]

1. Republic and its sister companies Shuttle America and Chataqua (they are all the same, they just have three certificates so they can legally violate mainline pilot scope clauses)use thier own announcements for all of the different contracts they have (they call them "codeshares" as if they are a real airline being codeshared with and not an outsourcing outfit!) They (RW and CQ) are in fact the only Express carrier out of the 9 that US has that don't use the standard US Airways Express announcements. They do seem to repeat Republic alot, alot of thier

On this issue, I say let'em use the name as much as they want - the more any affiliate (non WO) carries let the customers know that they're not flying US Airways proper, the better. I wish that US would be more like DL in this respect. Paint the affiliate's name in big letters on the plane, too. Hopefully when the express carrier drops the ball, the customer migh spread the blame around a bit.

A great many customers think that US and Express are the same thing. (Who can blame them? To get to most places, at least some of the flying will be on express.)

 

[USstew23]

Actually Air Wisconsin AND republic both invested. Republic got planes and an arangement for some gates. Those two regional carriers are a HUGE part of the reason US is alive today. Quote from Forbes Mag:

"The journey of 1,000 miles... US Airways (otc: UAIRQ - news - people ) on Thursday gained another wee step toward emerging from Chapter 11. A bankruptcy judge OK'd plans by a second regional air firm to invest $125 million in the struggling carrier, and extended until May 31 a deadline for it to file a reorganization plan. The deal provides that Republic Airways Holdings Republic Airways Holdings (nasdaq: RJET - news - people ), whose units are Chautauqua and Republic airlines, will get at least a 19% piece of the reorganized company in return for its investment. "

Balance of article.

Sorry EMBFA but on this you musta missed the memo.

Actually they assumed the leases on the 170's and purchased for 2 or 3 or 4 years some slots at LGA and DCA and US leases them back. The straight investment that RW was going to give US was turned down by DP. RW has no seat on the board and we can take back (buy back) the slots at a certain point. We did take the money from East Shore (Air Whiskey), who actually seems to do a pretty good job and seems to care and they (Air Whiskey) have some say in things. I pretty much agree with EMBFA about RW. I thought that somehwhere along the way that DP tried to keep the 170's but it was already approved by the BK court and had to go forward (doesn't mean it's fact but was to that understanding). I hope that everyone on furlough gets to come back soon and hopefully someday we have the sweet success to bring our 170's home, take the Express off the side and park them along side some 37's and 190's where they belong.

EMB FA

You beat me to it, you are absolutely correct the selling of the 170's had nothing to do with saving airways! Employees took huge pay cuts and lost pensions to pay for the planes, and the brain trust in the crystal palace sold them for bonuses! Big joke on employees. I am hopeful that the sand castle will not be more of the same, but the jury is still out on that one.

So, what you are saying your management took the money that was got from selling 10 E170's and RW taking the leases reast 15 E170's from GECAS. Wasn't U in bankroptsy when sale took place. So, didn't it help save U. :huh:

Uh, our pilots had to sign another side letter (LOA 41,502) to satisfy GECAS so that US could continue taking deliveries of the 170's, if you are familiar they stopped at around the 20th or 21st aircraft and then started againg after the LOA was signed. This agreement was somemore corporate spit allowing express carriers to operate such jets as 170's, 175's, CRJ-700's, and CRJ-900's, while more and more 737's were being parked and MAA was being put up for sale.

 

[MidwayMetrolink]

I have a question for the likes of EMBFA and FlyOnWall.

How can you blame a group of non-management Republic employees for your temporary demise?

This may come as a major shock to you, but the folks that you like to garnish with hate did not call a meeting of the brass to buy Mid-Atlantic. They did not collectively sign a check for the operation and did not even vote on how the former Mid-Atlantic employees were (or were not) brought in.

In my heart-of-hearts I truly think that you expected every employee of Chautauqua Airlines to resign in protest of the treatment you received from your own company and respective unions. You wanted this even after you constantly put them down, and continue to put them down, in real life and on forums like this.

You won't accept them into your family? I bet every employee of CHQ, Republic, and Shuttle just took a silent breath of relief. Who'd want to be part of such a dysfunctional mess?

If you want to truly place blame where it is needed, I would build a time machine and make stops in 1968, 1978, 1999, and 2004. After I did that I would stare at my reflection in one of the many blank television monitors at the Pittsburgh International Airport and point a finger at myself for ever getting involved in an industry that has been an emotional and financial wreck since 1978.

 

[legacy-to-LCC]

Republic is not a wholly-owned and so they have their specific policies and procedures. They also wear a different uniform, easily distinguishable by the scarf.

easily distinguished by their rotund presence and lack of concern for passengers...

 

[MidwayMetrolink]

easily distinguished by their rotund presence and lack of concern for passengers...

Please re-read your all-to-real skit of a US AIRWAYS flight under the "Galley Show" topic and provide us with a definition of "rotund presence" and "lack of concern for passengers".

 

[EMBFA]

You won't accept them into your family? I bet every employee of CHQ, Republic, and Shuttle just took a silent breath of relief. Who'd want to be part of such a disfunctional mess?

Good ! Go take your new toy, get out of our system and be a real airline and then go out of business like Independence Air did. Then your good employees who want to be USAir can apply and be a new hire like your supposed to do. If you hate US so much, fine give us back our travel bennies, our uniform and our planes. And tell your pilots to stop telling girls in bars that they are a pilot "for US Airways"- caught one of yours doing that!

I have nothing personal against the employees of whatever your airline is called this week. I just have no time for them. They didnt have to resign but they also didnt have to transfer from CHQ to RP did they? What they wanted the PIT base? They wanted to fly on the "big" plane? They probably just don't know any better. I'm sure some of them are nice and good at what they do. Doesnt change the situation.

The airline is US Airways and they took US Airways jobs and US Airways planes and put replacements on them to pretend to be us. I dont care if it was the old US mgmt, Repishutlaqua mgnt, thier unions, you, Mr Magoo or the man on the moon who decided we were not worthy of our jobs... it's messed up. Whatever. We just want them to leave. Can't wait. By the way its the passengers who complain, not me. I won't set foot on those planes. But enjoy it and whatever way of rationalizing it you have. Fly Safe.

Oh and by the way, TEMPORARY demise? MOST of the US airways E170 employees are still furloughed. A little over one hundred F/As were able to return along with some regular furloughed ones. All further recalls for the year are cancelled. Pilots less than 50 MDA pilots are back. So theres nothing "temporary" for most of the crews.

 

[Travels2mch]

easily distinguished by their rotund presence and lack of concern for passengers...

Actually I haven't seen that at all, in fact quite the opposite. Most of my flights have been Republic and the crew has been great. They seem to enjoy what they do and for the most part happy (maybe has something to do with the fact that many don't have to commute). No complaints here at all. And as Midway said, don't blame the workers, they're just trying to do their jobs. Blame the idiots in the former management teams for the way things are.

 

[EMBFA]

I'd be happy too if I came off the street into a block, most senior in the base of my choice, on an awesome plane at the expense of someone else who took four paycuts and two furloughs to buy the planes, wear thier uniform and paint job and full travel benefits while the real US Airways people get laid off! It's a golden opportunity if your ok with it. Trvls2much you said yourself your friend works there and is "happy they dont have to commute". Wow! We're on to something! 28 planes is ALOT of flying, ALOT more blocks and ALOT less people having to commute. Please! An 18 year old out of high school gets not just a PIT base but a BLOCK while 25 year US F/As have to commute out of PIT? They BETTER be happy and they better be absolutely perfect! :down:

 

[MidwayMetrolink]

I have nothing personal against the employees of whatever your airline is called this week. I just have no time for them.

No time for them? Well then why do you continuously find any and every possible way to send "jabs" their way? It's almost a full-time job for you. You've already updated that one post three times!

I don't know what's crazier, your never-ending negative comments or me actually taking the time to read and respond to them. I am filled with confused emotions. Do I cry or commit myself?

A casual observer might see an understandably upset individual venting her anger at anything with a human face that is even remotely involved with her situation. I hope it makes you feel a little better each time.

In reference to one of my above posts, I suggest you contact a gentleman named "John Titor" to help you fix all of this.

 

[flyingfinn]

:bleh: :boring:

 

[EMBFA]

No time for them? Well then why do you continuously find any and every possible way to send "jabs" their way? It's almost a full-time job for you. You've already updated that one post three times!

I don't know what's crazier, your never-ending negative comments or me actually taking the time to read and respond to them. I am filled with confused emotions. Do I cry or commit myself?

A casual observer might see an understandably upset individual venting her anger at anything with a human face that is even remotely involved with her situation. I hope it makes you feel a little better each time.

In reference to one of my above posts, I suggest you contact a gentleman named "John Titor" to help you fix all of this.

Actually looking at your posts you only come on to post when someone says something about your precious outsourcing company. Boo-hoo!There was wrong information and I explained the situation... I dont really see anything I wrote thats not true. It does need to be talked about so it never happens again... I dont know what to tell you.... maybe you feel like a scab so it feels like your being jabbed or whatever? i dont know what to tell ya!...maybe you should commit yourself!

:eye: "Im the crazy flight attendant!! wooo!!! let me vent at your human face! on the internet!"

 

[Zarah]

lol, no really EMB tell us how you really feel.

=)

 

[MidwayMetrolink]

:eye: "Im the crazy flight attendant!! wooo!!!"

Well at least we can finally agree on something!