Malaysia From United States of America, joined Nov 1999, 3435 posts, RR: 0 Posted (9 years 11 months 1 week 1 day 23 hours ago) and read 7014 times:
It seems that Independence Air has started a new schedule in January with only 3 full bank days (monday, thursday, and friday) and the rest are just a morning bank and a night bank or no morning bank and just a afternoon and night bank such as Sunday and no Saturday nights. I think it seems Flyi is closing up and they plan to set the bank up to handle just 17 CRJ at one time to use just A1/A3/A5 and leave A2/A4/A6 for any other airline who wishes to use it, (hmmm) this does tell us something....
one pier handles 6 CRJ, so only 3 piers is enough for just 17 flights
This sounds pretty interesting, I just cant imagine if I ever fly DH and see 1/2 of the terminal filled with UAX or something. 1/2 is blue and nice Independence Air design, and the other 1/2 is just UAX, it would get crowded.
It seems on Tuesday, Wednesday, Saturdays, and Sundays, you will only see 2 flights to all destinations except SJU (one daily flight) it seems.
It looks pretty sad for 2006 for DH
There Are Those Who Believe That There May Yet Be Other Airlines Who Even Now Fight To Survive Beyond The Heavens
Kevin82277 From United States of America, joined May 2000, 179 posts, RR: 0
Reply 2, posted (9 years 11 months 1 week 1 day 23 hours ago) and read 6954 times:
Where are you getting your info. I have not heard anything about them letting another airline use their Gates. True they are cutting schedules, but that is only temporary during traditionally slow months, January and February. Normal schedule is supposed to resume after Presidents Day.
ScottB From United States of America, joined Jul 2000, 7267 posts, RR: 30
Reply 3, posted (9 years 11 months 1 week 1 day 22 hours ago) and read 6861 times:
Quoting Kevin82277 (Reply 2): Normal schedule is supposed to resume after Presidents Day.
Right now, the schedule still shows as being reduced on off-peak days after Presidents' Day as well; it seems to go back to "normal" in early March. It appears PBI is being cut back to one daily flight; strangely, it appears that the aircraft sits at PBI for over 6 hours. Moreover, it also appears that they plan to leave an A319 at PBI each weekend from 1042 Saturday to 1705 Sunday; it also seems that nearly the same will happen at RSW with a 30-hour weekend layover.
There are also certain flights at non-peak times which are showing as only being available at FlyI's highest fare in a market; I'd suspect those are likely to be dropped from the schedule going forward, assuming DH is even still in business.
JetBluefan1 From United States of America, joined Dec 2003, 3120 posts, RR: 12
Reply 9, posted (9 years 11 months 1 week 1 day 20 hours ago) and read 6547 times:
Who's going to continue flying this airline? Most people want frequency, and with just two flights a day to most markets, I don't see them being attractive at all. I also think people will see them a joke in the upcoming months as they keep on cutting and cutting. No one will want to secure reservations with them because of the (big) chance that the flight will be cancelled, the route will be dropped, or the airline will just fold.
In any case, I heard FlyI is an absolutely great airline to fly on and I hope the employees can secure jobs. B6 is hiring and I'm sure others are too.
So - what will Indy have left after January 3 to continue operations?
I'll try to give a little insight, as best I can. Keep in mind I'm not a lawyer.
The auction is not a traditional auction, in that the highest bidder wins. This auction will be overseen by judges, who will determine the outcome - based on the best senario for FLYi. For example, lets say United bids $150 million for the sole purpose of disposing of a competitor, and to get out of that $500 million claim they owe FLYi. Lets also say another outside investor bids $120 million, but intends to keep the company going, perhaps by replacing CRJ200s with CRJ900s. The judges would theoretically award the winning bid to the outside investor, even though it may be less than what United (or Mesa) offered, because this senario is more desireable for FLYi in the long run.
This is from the link you provided:
In court papers, FLYi has said it intends to auction its assets on Jan. 3 unless it can secure an investment that will allow it to continue operations or find a single buyer for all its assets
So, has FLYi found an investor to allow continued operation? According to FLYi, there are interested parties:
Thepilot From Canada, joined Jan 2010, 5 posts, RR: 0
Reply 12, posted (9 years 11 months 1 week 1 day 15 hours ago) and read 6194 times:
Ouch, it really looks like DH is going belly up. Are they just going to sell themselves, or should they fight and try to stay going? I flew their SEA-IAD route, and I was very impressed with their service and attitude. Is it possible for them to try and sell their CRJs and decrease their price per seat, or is this route the only way?
PITrules From United States of America, joined Jun 2000, 3497 posts, RR: 6
Reply 15, posted (9 years 11 months 1 week 1 day 14 hours ago) and read 6118 times:
Quoting Mariner (Reply 13): Quoting PITrules (Reply 11):
based on the best senario for FLYi.
Sorry, not quite.
The bk judge must take the opinions of the FlyI creditors into account. If the creditors agree to the offer chosen by FlyI, then everything is hunky-dory.
If the creditors do not agree, then there could be a problem.
Don't be sorry. You asked for an example of how FLYi may find a way to continue, and I gave you one. You really like to find the tinniest verbage to argue over, don't you? OK fine, if it wasn't too late to edit, I would change my reply to "based on the best senario for FLYi and their creditors". As the press release I gave a link to stated, the company is worth more as a going concern. If this is true wouldn't this be the best option for the creditors?
Hoya From United States of America, joined Jun 2004, 468 posts, RR: 0
Reply 20, posted (9 years 11 months 1 week 1 day 9 hours ago) and read 5918 times:
Quoting AEroc (Reply 19): I just dont get it. How can a airline thats in bankruptcy bid to buy a airline thats in bankruptcy? Thats America for ya.....
UA is on its way out of bankruptcy. In fact, based on the latest press release, it has approx. $3 billion in cash on hand, which is more than enough to bid on DH assets, though anything it does must be approved by the court.
Airsuply55 From United States of America, joined Dec 2005, 8 posts, RR: 0
Reply 22, posted (9 years 11 months 2 days 17 hours ago) and read 4679 times:
Our flights continue to fill up and our bookings go DEEP into 2006. Sorry to say, folks, but I-Air will be around in the near and distant future. Yes, we will make cuts, and yes some people will lose jobs...like every other airline in existance.