Luv2fly From United States of America, joined May 2003, 11957 posts, RR: 51 Reply 3, posted (7 years 6 months 3 weeks 3 days 11 hours ago) and read 15097 times:
Quoting BR715-A1-30 (Reply 2): They should sell it to Trump. He'd buy it in a heartbeat.
I think after his adventure with the Trump Shuttle his days of wanting to own an airline are over. Also I think if he was in the market for another one, knowing Trump he would shot for a well known name over a commuter that is most likely not known out of Florida and the cities it serves.
ERJ170 From United States of America, joined Apr 2004, 6626 posts, RR: 19 Reply 4, posted (7 years 6 months 3 weeks 3 days 10 hours ago) and read 14916 times:
How difficult is it to convert a commuter airline to a full scheduled airline?
N601BN From United States of America, joined Mar 2003, 40 posts, RR: 0 Reply 7, posted (7 years 6 months 3 weeks 3 days 1 hour ago) and read 14149 times:
The airline looks unremarkable, but look at the IATA code - PA. Pan Am IV?
IslipWN From , joined Dec 1969, posts, RR: Reply 14, posted (7 years 6 months 3 weeks 2 days 18 hours ago) and read 11771 times:
Its amazing with what they will sell on eBay these days!! I wonder if anyone will actually bid? And I wonder what would happen if someone posted a false bid?
FlyNYC From United States of America, joined Oct 2005, 24 posts, RR: 0 Reply 16, posted (7 years 6 months 3 weeks 2 days 12 hours ago) and read 9048 times:
Quoting LatinAviation (Reply 5): I also wonder how one is to complete due diligence on the airline? And would the DOT and FAA allow the transfer if management materially changed?
It’s highly unlikely that the FAA would recognize the Part 135 certificate if all of the management (Director of Maintenance, Chief Pilot, etc.) were to change.
After all, what else is the FAA really certifying, other than the qualifications of management, access to capital and the operating procedures that they developed?
If many of the key people where to remain in place and the airline continued operating as normal, THEN the FAA almost certainly would recognize the certificate through a transfer of ownership. Other than that, they are going to be giving the “thumbs down” to such a transaction.
I nearly learned this the hard way, when I was starting a Part 135 operation. I tried to buy a charter jet operator that I just closed its doors and laid off its employees as a fast way to get a Part 135 certificate. Luckily, I got the regional FAA office involved and they explained that I would basically have to go through the certification process again.
It was far better to just start from scratch.
This was made even clearer to me when my attorney uncovered a lot of bills, leans and other skeletons that the company had in its closet.
As far as acquiring a Part 121 certificate… yes, if you already have a Part 135 certificate, excellent management and skilled people in place and a great rapport with the local FAA office, then you certainly have a head start. But it is still a very complex and rigorous process and other than buying a “going concern” with all of the management / people in place and operating… there is no other “short cut” to getting the FAA / DOT blessing.
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