Life at Compass

Hacker15e said:
Nothing about the APC rumor of Big D pulling the leases on Shuttle America's 170s and giving them to CP?

hehe
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There's a clause in the Shuttle America contract where, if Delta decides to cancel the contract early, Republic can force Delta to buy/assume the leases on the airplanes. Delta would then be able to put out a RFP for that flying.

I'm not saying it's gonna happen, plus Compass would have a hard time growing anymore. This last year has been rough.
 
PropDriver said:
There's a clause in the Shuttle America contract where, if Delta decides to cancel the contract early, Republic can force Delta to buy/assume the leases on the airplanes. Delta would then be able to put out a RFP for that flying.

I'm not saying it's gonna happen, plus Compass would have a hard time growing anymore. This last year has been rough.
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There is?

I'm impressed that the Internet is privy to a private document that hasn't been published anywhere and is likely considered a trade secret. The level of industrial espionage that pilots of the Internet are able to accomplish makes them venerable James Bonds.

Unless this is in a 10K and I missed it, I'll believe it when I see it.
 
jtrain609 said:
There is?

I'm impressed that the Internet is privy to a private document that hasn't been published anywhere and is likely considered a trade secret. The level of industrial espionage that pilots of the Internet are able to accomplish makes them venerable James Bonds.

Unless this is in a 10K and I missed it, I'll believe it when I see it.
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I'm totally buying that UAL is going to purchase Skywest and there's going to be a SLI integration that makes it more advantageous to stay put as a senior lifer than apply as a new hire.

For real man.

Announcement in four to six weeks.
 
Derg said:
I'm totally buying that UAL is going to purchase Skywest and there's going to be a SLI integration that makes it more advantageous to stay put as a senior lifer than apply as a new hire.

For real man.

Announcement in four to six weeks.
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ZOMG I NEED TO GET A JOB AT SKYWEST! THEN I CAN MAKE @Seggy SWING GEAR FOR ME!!!!!!!!!!!!!!!!11
 
jtrain609 said:
There is?

I'm impressed that the Internet is privy to a private document that hasn't been published anywhere and is likely considered a trade secret. The level of industrial espionage that pilots of the Internet are able to accomplish makes them venerable James Bonds.

Unless this is in a 10K and I missed it, I'll believe it when I see it.
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This is a copy and paste from Republic's 2014 Annual Report:

The Delta Code-Share Agreements

As of December 31, 2014, we operated 41 E145 aircraft, 14 E170 aircraft, and 16 E175 aircraft for Delta under fixedfee code-share agreements. As of December 31, 2014, we provided 367 flights per day as Delta Connection. Unless otherwise extended or amended, the code-share agreement for the E145 aircraft terminates in May 2016. Delta may terminate the code-share agreements at any time, with or without cause, if it provides us 180 days written notice, for the E145 regional jet code-share agreement, or after July 2015 for the E175 regional jet code-share agreement. With respect to the E145 agreement, if Delta chooses to terminate any aircraft early, it may not reduce the number of aircraft in service to less than 12 during the 12-month period following the 180 day initial notice period unless it completely terminates the code-share agreement. We refer to this as Delta's partial termination right.

If Delta exercises this right under the E145 agreement or the E175 agreement or if we terminate either agreement for cause, we have the right to require Delta either to purchase, sublease or assume the lease of aircraft leased by us with respect to any of the aircraft we previously operated for Delta under that agreement. As of December 31, 2014, the Company estimates a payment of $158.8 million and $171.3 million would be required from Delta should they exercise the early termination provision under the E145 or E175 agreement, respectively. If we choose not to exercise our put right, or if Delta terminates either agreement for cause, they may require us to sell or sublease to them or Delta may assume the lease of aircraft leased by us with respect to any of the aircraft we previously operated for it under that agreement. There is no early termination provision for E170 aircraft under the E175 agreement.

On December 11, 2014, the Company entered into Amendment Number Seven to the Delta Connection Agreement with Delta Airlines, Inc. dated as of January 20, 2005. Under the Agreement, the Company operates 14 E170 and 16 E175 aircraft as Delta Connection. The amendment provides for, among other things, an agreement for Shuttle to operate nine additional E170 aircraft to be placed into service between the third quarter of 2015 and the second quarter of 2016 for a term of six years per aircraft. The amendment also provides for an extension of the air transportation services provided by the Company with respect to the 14 E170 for another four years, for terms ending from May 2021 to October 2021, and extend the 16 E175 aircraft by approximately five years, for terms ending from August 2023 to February 2024. Delta may further extend the service terms for any or all of the 14 E170 and 16 E175 aircraft for an additional five years. The amendment also provides that Delta may purchase any or all of the E175 aircraft for an amount equal to the net book value of such aircraft at the end of the current terms for such aircraft or at any time during the extended terms, in which case Delta would lease the purchased aircraft to the Company for the Company's operation during the remainder of the terms.
 
PropDriver said:
This is a copy and paste from Republic's 2014 Annual Report:

The Delta Code-Share Agreements

As of December 31, 2014, we operated 41 E145 aircraft, 14 E170 aircraft, and 16 E175 aircraft for Delta under fixedfee code-share agreements. As of December 31, 2014, we provided 367 flights per day as Delta Connection. Unless otherwise extended or amended, the code-share agreement for the E145 aircraft terminates in May 2016. Delta may terminate the code-share agreements at any time, with or without cause, if it provides us 180 days written notice, for the E145 regional jet code-share agreement, or after July 2015 for the E175 regional jet code-share agreement. With respect to the E145 agreement, if Delta chooses to terminate any aircraft early, it may not reduce the number of aircraft in service to less than 12 during the 12-month period following the 180 day initial notice period unless it completely terminates the code-share agreement. We refer to this as Delta's partial termination right.

If Delta exercises this right under the E145 agreement or the E175 agreement or if we terminate either agreement for cause, we have the right to require Delta either to purchase, sublease or assume the lease of aircraft leased by us with respect to any of the aircraft we previously operated for Delta under that agreement. As of December 31, 2014, the Company estimates a payment of $158.8 million and $171.3 million would be required from Delta should they exercise the early termination provision under the E145 or E175 agreement, respectively. If we choose not to exercise our put right, or if Delta terminates either agreement for cause, they may require us to sell or sublease to them or Delta may assume the lease of aircraft leased by us with respect to any of the aircraft we previously operated for it under that agreement. There is no early termination provision for E170 aircraft under the E175 agreement.

On December 11, 2014, the Company entered into Amendment Number Seven to the Delta Connection Agreement with Delta Airlines, Inc. dated as of January 20, 2005. Under the Agreement, the Company operates 14 E170 and 16 E175 aircraft as Delta Connection. The amendment provides for, among other things, an agreement for Shuttle to operate nine additional E170 aircraft to be placed into service between the third quarter of 2015 and the second quarter of 2016 for a term of six years per aircraft. The amendment also provides for an extension of the air transportation services provided by the Company with respect to the 14 E170 for another four years, for terms ending from May 2021 to October 2021, and extend the 16 E175 aircraft by approximately five years, for terms ending from August 2023 to February 2024. Delta may further extend the service terms for any or all of the 14 E170 and 16 E175 aircraft for an additional five years. The amendment also provides that Delta may purchase any or all of the E175 aircraft for an amount equal to the net book value of such aircraft at the end of the current terms for such aircraft or at any time during the extended terms, in which case Delta would lease the purchased aircraft to the Company for the Company's operation during the remainder of the terms.
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I prefer my crow fried, thanks.
 
Derg said:
I'm totally buying that UAL is going to purchase Skywest and there's going to be a SLI integration that makes it more advantageous to stay put as a senior lifer than apply as a new hire.

For real man.

Announcement in four to six weeks.
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Come on Skywesters, you know you hear this stuff from the senior guys… DAILY! Come on… COMAAAAAN!
 
poser765 said:
I didn't check in yesterday but got a call a few hours before show time from scheduling. For what it's worth.
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I got one yesterday, right at show time as I was standing at the podium at 44E waiting for the the release. Apparently I can not be trusted to show up on time.
 
jtrain609 said:
There is?

I'm impressed that the Internet is privy to a private document that hasn't been published anywhere and is likely considered a trade secret. The level of industrial espionage that pilots of the Internet are able to accomplish makes them venerable James Bonds.

Unless this is in a 10K and I missed it, I'll believe it when I see it.
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I want to say I saw it in the Delta 10k filing As a note. I think they have to disclose it to shareholders as a risk of terminating the contract early.
 
My favorite was an unnamed west coast regional Captain who rode with a very trust worthy, no BS, friend on the JS to check out the E175 when we started the shuttle. He was initial cadre AND turned down a class at United to be a part of this "exciting moment of making history at unnamed west coast regional." He said he would go to United after they get them up and running in a year or so...
 
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