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USA320Pilot said:Meanwhile, in regard to EMB flying, if ALPA wins the EMB-170 grievance then it will be very interesting to see what happens to the US Airways - Republic deal. The bankruptcy court has agreed to the sale of MDA and it's part of the confirmed plan, but every MDA pilot and the MDA contract must go to Republic if ALPA wins the agreement or the deal cannot proceed.
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robbedagain said:Is the EMB-190 onorder and are they same size as say the F-100 and the DC-9-32?
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ItsNotThatSerious said:Ummm I dont think Republic has paid for those 10 planes yet. Thats my and lot of other peopls understanding. Boeing boy is this not the case? I keep hearing that no money has changed hands that means the 10 planes are still ours.
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USA320Pilot said:There is good reason to believe that US Airways and Embraer have reached an agreement on an EMB-190 order, however, it probably will not be announced until after the company emerges from bankruptcy. Obviously the aircraft is on the radar screen or it would not have been such an emphasis item during Transition Agreement discussions.
Regards,
USA320Pilot
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Thanks Jim.BoeingBoy said:I really have no idea if money has changed hands yet or not, though I expect it will before the arbitrator rules sometime in mid-November.
The 1st 3 planes didn't involve money changing hands (at least between US & Republic).
For the 10 flying at MDA that are "owned", I sorta suspect that US will want their money when they hand them over if not before. The agreement calls for the sale of all ten at the consummation of the agreement with US leasing them back until they're turned over at the rate of 3 per month.
And, of course, the 15 leased from GE won't entail money changing hands either, just the leases.
At the very least, Republic is talking like the deal is complete. This is from a press release that came out the day the judge approved the deal:
"These are the first of 28 Embraer 170 aircraft that Republic will acquire and operate under the US Airways Express brand."
And from a Republic SEC filing:
"Republic Airline, Inc. (“Airlineâ€), a wholly-owned subsidiary of Republic Airways Holdings Inc. (the “Companyâ€), entered into a fixed-fee Jet Service Agreement with US Airways, Inc. (“Airwaysâ€) as of September 2, 2005 (the “Agreementâ€). The term of the Agreement commenced on September 4, 2005, and subject to certain termination rights provided in the Agreement, will end on September 4, 2015. Pursuant to the terms of the Agreement, Airline will operate for Airways 28 EMB 170 aircraft. Three of these aircraft have been acquired by the Company and the remaining aircraft will be acquired by the Company from, or on behalf of, Airways pursuant to the terms of the previously disclosed Investment Agreement dated as of March 15, 2005 among Airways, the Company, US Airways Group, Inc. and Wexford Capital LLC."
Jim
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