I can see some light in the charter ops. EAS is something they have never really done in the past and although they can bid on EAS flying there is no guarantee of being awarded any flying. The CRJ-200s arent getting younger though as the youngest one in the fleet is over 21 years old.
Air Wisky screwed themselves 20 years ago when they refused to invest in either CRJ-700s or EMB-170s. Everyone knew that these planes were the future, but one of their owners at the time I believe felt that they were just a fad. Then later on, losing the Midwest contract to SkyWest was a big blow to everyone in ATW. It eventually became clear that they would have a hard time growing and winning new flying without investing in new airplanes, but they became very risk averse and didn't want to invest in the airplanes without the flying. Of course the Major's wouldn't give them the flying without the airplanes, and because Republic and SkyWest had both invested in the airplanes, they are the big dogs today, and Air Wisky is now on its last legs it seems like. I feel awful for all the people there because this didn't have to happen, but they always tell you in business school that you need to take risks at some point, and sadly the owners of AWAC never did.