Leelaw From , joined Dec 1969, posts, RR: Posted (8 years 10 months 3 weeks 4 days 21 hours ago) and read 8051 times:
(Dow Jones) WASHINGTON -- FLYi Inc.'s Independence Air, which stopped flying in January after failing to find a buyer, is seeking bankruptcy court approval to sell its operating certificates to Northwest Airlines Corp. for $2 million.
FLYi said Northwest has agreed to buy Independence Air's Department of Transportation and Federal Aviation Administration certificates, Federal Communications Commission licenses, manuals and some proprietary software.
In court papers filed Thursday, FLYi said the sale is subject to higher offers and Northwest's obtaining the necessary government approvals to buy the certificates.
FLYi said it will give competing bidders until March 17 to submit higher offers.
A hearing on the sale is scheduled for March 20 in the U.S. Bankruptcy Court in Wilmington, Del.
Dulles, Va.-based FLYi has been selling off its assets since January...
The company last month won court approval to sell its lease at Washington Dulles International Airport to UAL Corp.'s United Airlines for $4.3 million.
FLYi also expects to fetch between $8.6 million and $11.1 million when it auctions off leftover equipment, including spare parts, ground support equipment and office and computer equipment...
M404 From United States of America, joined Nov 2003, 2235 posts, RR: 4
Reply 9, posted (8 years 10 months 3 weeks 4 days 18 hours ago) and read 7475 times:
For all the time that NW owned Pinnacle outright, before it went public, they whined that they did not want to own a regional and they they did not see it as advantageous. What all has changed in the last 18 months or whatever it's been since the Pinnacle IPO to make them change their minds?
Less sarcasm and more thought equal better understanding
Tornado82 From , joined Dec 1969, posts, RR:
Reply 14, posted (8 years 10 months 3 weeks 4 days 16 hours ago) and read 6522 times:
Quoting OPNLguy (Reply 6): If you mean new aircraft from a manufacturer, there are already plenty of aircraft on the market which could be sold or otherwise transferred to any new entity...
Newco doesn't seem to want 50-seat RJ's from any publication/propaganda I've seen about them. There aren't any E70/E90, CRJ700/900's sitting in the desert, either. About the only practical plane in that size sitting around anywhere would be Avro/BAe's.
ATWZW170 From United States of America, joined Oct 2004, 904 posts, RR: 3
Reply 20, posted (8 years 10 months 3 weeks 4 days 13 hours ago) and read 5486 times:
I guess I don't understand why they would do this. I keep thinking that they will do away with domestic NW as we know it, allow planes like the E170 - E195 fly a majority of the routes....the 757, A320's will do most of the transcon, and a seperate company will fly all the international flights. It just doesn't make a lot of sense.
Success is getting what you want...happiness is liking what you get
Dsuairptman From United States of America, joined Jul 2003, 909 posts, RR: 0
Reply 23, posted (8 years 10 months 3 weeks 4 days 11 hours ago) and read 4949 times:
Quoting Tornado82 (Reply 14): Newco doesn't seem to want 50-seat RJ's from any publication/propaganda I've seen about them. There aren't any E70/E90, CRJ700/900's sitting in the desert, either. About the only practical plane in that size sitting around anywhere would be Avro/BAe's
The entire essence of Newco's existence is to replace the DC-9 fleet with 90-110 seat regional jets, preferably the E-JET series from Embrarer. There is no desire indicated that Newco would be intrested in anything smaller than this range.
Its obvious the Avro is out of the running, NW is cutting that type out as we speak. In addition They would want a plane that provided greatly reduced operating costs, but have a cabin size of a main line jet. So far the E-JET is the only product that appears to acheive both of these requriements.