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PeoplExpress Update  
User currently offlinePITrules From United States of America, joined Jun 2000, 3158 posts, RR: 4
Posted (1 year 7 months 2 weeks 1 day 5 hours ago) and read 12346 times:

Previous thread locked; here's the latest:

"NEWPORT NEWS — A regional airport committee approved a taxpayer-funded $500,000 short-term, refundable loan for People Express on Wednesday, paving the way for the start-up airline to acquire an undisclosed charter airline and begin air service out of the Newport News-Williamsburg Airport this year.

"This will simply help People Express pull together the financing and ultimately acquire the charter airline. This is the no-risk piece," said Florence Kingston, the Newport News economic development director who heads up the Regional Air Service Enhancement committee. The RAISE committee unanimously approved the funding and the contract is expected to be signed on Friday by the Newport News Economic Development Authority.

If all goes as planned, People Express President Michael Morisi said, the charter airline and its five airplanes would be purchased by the end of February, with commercial service to start before summer begins."


http://www.dailypress.com/news/newpo...opleexpress-20130109,0,10547.story

I'm surprised they didn't go this route from the start. Its much easier to purchase an air carrier certificate than get one from scratch.

So who is the charter company with 5 airplanes? Vision Airlines has 5 according to wikipedia.


FLYi
36 replies: All unread, showing first 25:
 
User currently offlinekcrwflyer From United States of America, joined May 2004, 3807 posts, RR: 7
Reply 1, posted (1 year 7 months 2 weeks 1 day 5 hours ago) and read 12326 times:

Wonder who they're buying. Vision doesn't have 5 737's do they? SkyKing comes to mind....

User currently offlinecatiii From United States of America, joined Mar 2008, 3029 posts, RR: 4
Reply 2, posted (1 year 7 months 2 weeks 1 day 4 hours ago) and read 12303 times:

And who is the CEO going to be?

User currently offlineERJ170 From United States of America, joined Apr 2004, 6762 posts, RR: 17
Reply 3, posted (1 year 7 months 2 weeks 1 day 4 hours ago) and read 12177 times:

Xtra Airways has 5 734... Perhaps that's who they are buying.. But half a million seems cheap for an airline... Wonder what they will have to do to go from charter to scheduled...


Aiming High and going far..
User currently offlineTZTriStar500 From United States of America, joined Jan 2004, 1452 posts, RR: 9
Reply 4, posted (1 year 7 months 2 weeks 1 day 4 hours ago) and read 12126 times:

Quoting ERJ170 (Reply 3):
Wonder what they will have to do to go from charter to scheduled..

They don't have to do anything with the 121 certificate except perhaps change the name or do a dba. To operate as a scheduled carrier they need a certificate of public convenience and necessity which the acquired carrier will already have if its operating scheduled service as its required to do so.



35 years of American Trans Air/ATA Airlines, 1973-2008. A great little airline that will not be soon forgotten.
User currently offlinePITrules From United States of America, joined Jun 2000, 3158 posts, RR: 4
Reply 5, posted (1 year 7 months 2 weeks 1 day 3 hours ago) and read 11834 times:

Quoting ERJ170 (Reply 3):
Xtra Airways has 5 734... Perhaps that's who they are buying..

Makes total sense. It is 734's from Qantas they are looking at as well.

Quoting ERJ170 (Reply 3):
But half a million seems cheap for an airline... Wonder what they will have to do to go from charter to scheduled...

The half million is only from one source; does not include their private investment, whatever that may be.



FLYi
User currently offlinemesaflyguy From United States of America, joined Dec 2012, 3032 posts, RR: 5
Reply 6, posted (1 year 7 months 2 weeks 1 day 3 hours ago) and read 11767 times:
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Quoting ERJ170 (Reply 3):

I'd like to see something good happen to Xtra Airways. Ever since the Direct Air fiasco, they've basically just been leasing the planes to UP and NK when needed. Hopefully this will be Xtra and hopefully it will work out.

Also, if this is true, this will be a bit of a bump in planned capacity for PEOPLExpres, as they were originally grtting 733s, right?



\________(---)________/ :) World's most beautiful aircraft: 757-200, MD-88/90, E-190, A321
User currently offlineUA735WL From United States of America, joined Apr 2012, 154 posts, RR: 0
Reply 7, posted (1 year 7 months 2 weeks 17 hours ago) and read 11238 times:

Doesn't Xtra have a secondary base at SAT? What would Peoplexpress do with that (if they indeed do purchase Xtra)? It doesn't seem like a good initial destination for them. .


"One test is worth a thousand expert opinions" -Tex Johnston
User currently offlinenkops From United States of America, joined Jun 2005, 2662 posts, RR: 6
Reply 8, posted (1 year 7 months 2 weeks 16 hours ago) and read 11082 times:

Quoting mesaflyguy (Reply 6):
Ever since the Direct Air fiasco, they've basically just been leasing the planes to UP and NK when needed. Hopefully this will be Xtra and hopefully it will work out.

Xtra had actually picked up the Caesars flying out of ACY for the last 5 months since Caesars got rid of Gold... however, that ends today with RP starting in ACY.

SkyKing might be who they are looking at... currently, they are only doing the Cuba flights. (also lost ACY contract)



I have no association with Spirit Airlines
User currently offlinestlgph From United States of America, joined Oct 2004, 9328 posts, RR: 25
Reply 9, posted (1 year 7 months 2 weeks 16 hours ago) and read 11044 times:

If the exact text from above is correct, I hope the name is 'People Express' and not 'PeoplExpress'


Eternal darkness we all should dread. It's hard to party when you're dead.
User currently offlinecatiii From United States of America, joined Mar 2008, 3029 posts, RR: 4
Reply 10, posted (1 year 7 months 2 weeks 15 hours ago) and read 10894 times:

Quoting stlgph (Reply 9):
If the exact text from above is correct, I hope the name is 'People Express' and not 'PeoplExpress'

It's the same stylization as the original PEOPLExpress from the 1980's.

Looking at their website they appear to have gone a number of changes already at the upper echelons of the company. A number of the people originally listed in key leadership positions are no longer there. And, again, they still do not have a CEO after saying that an announcement on that position was forthcoming some time ago.


User currently offlinestlgph From United States of America, joined Oct 2004, 9328 posts, RR: 25
Reply 11, posted (1 year 7 months 2 weeks 15 hours ago) and read 10875 times:

Quoting catiii (Reply 10):
It's the same stylization as the original PEOPLExpress from the 1980's.

Bad move 1.

Quoting catiii (Reply 10):
they still do not have a CEO after saying that an announcement on that position was forthcoming some time ago.

The CEO will come in after the financing comes into place, if ever. The largest investor in the total pool gets to have a say in appointment of the CEO.



Eternal darkness we all should dread. It's hard to party when you're dead.
User currently offlinebennett123 From United Kingdom, joined Aug 2004, 7527 posts, RR: 3
Reply 12, posted (1 year 7 months 2 weeks 15 hours ago) and read 10857 times:

I understand that it is a refundable loan, (no sure how that differs from any other loan).

What happens if they go into Chapter 11?.


User currently offlineItalianFlyer From United States of America, joined Nov 2007, 1099 posts, RR: 2
Reply 13, posted (1 year 7 months 2 weeks 14 hours ago) and read 10653 times:

ROTFL at the hyperbole 'Because Newport News would be the world headquarters for People Express, the airline....."
Elk Grove/Willis Tower, Euless, Virginia Ave, the Sand Castle, now Newport News....LOL.

Serious, this is the most realistic thing to come from World Hdq since it's inception.


User currently offlinecatiii From United States of America, joined Mar 2008, 3029 posts, RR: 4
Reply 14, posted (1 year 7 months 2 weeks 12 hours ago) and read 9399 times:

Quoting stlgph (Reply 11):
The CEO will come in after the financing comes into place, if ever. The largest investor in the total pool gets to have a say in appointment of the CEO.

The word around this time last year was that a new CEO was already signed, but they couldn't announce it until April because they were working through a non-compete that he had because he is the former CEO of another airline.


User currently offlinestlgph From United States of America, joined Oct 2004, 9328 posts, RR: 25
Reply 15, posted (1 year 7 months 2 weeks 12 hours ago) and read 9356 times:

Quoting catiii (Reply 14):
The word around this time last year was that a new CEO was already signed, but they couldn't announce it until April because they were working through a non-compete that he had because he is the former CEO of another airline.

Possible, too, which could signal severe confidence in the investment coming through to fund the airline. The CEO's appointment is ultimately going to have to get approval from the largest investors.



Eternal darkness we all should dread. It's hard to party when you're dead.
User currently offlineenilria From Canada, joined Feb 2008, 7111 posts, RR: 13
Reply 16, posted (1 year 7 months 2 weeks 12 hours ago) and read 9281 times:

Quoting catiii (Reply 14):
The word around this time last year was that a new CEO was already signed, but they couldn't announce it until April because they were working through a non-compete that he had because he is the former CEO of another airline.

That would be Bob Fornaro almost certainly, but I don't know if that isn't just wishful thinking. If they got him it would add enormous credibility.


User currently offlineLOWS From Austria, joined Oct 2011, 1136 posts, RR: 1
Reply 17, posted (1 year 7 months 2 weeks 11 hours ago) and read 8938 times:

Quoting catiii (Reply 14):
The word around this time last year was that a new CEO was already signed, but they couldn't announce it until April because they were working through a non-compete that he had because he is the former CEO of another airline.
Quoting enilria (Reply 16):
That would be Bob Fornaro almost certainly, but I don't know if that isn't just wishful thinking. If they got him it would add enormous credibility.

I thought it was the guy from Pinnacle who drove them into bankruptcy.


User currently offlineN1120A From United States of America, joined Dec 2003, 26426 posts, RR: 75
Reply 18, posted (1 year 7 months 2 weeks 6 hours ago) and read 6589 times:

Quoting catiii (Reply 2):
And who is the CEO going to be?

Not Frank Lorenzo  



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlinedragon6172 From United States of America, joined Jul 2007, 1202 posts, RR: 0
Reply 19, posted (1 year 7 months 2 weeks 6 hours ago) and read 6417 times:

Quoting ERJ170 (Reply 3):
Xtra Airways has 5 734.

Quite possible. There was a 734 of theirs that flew in here (KPHF) a few months ago and parked in front of the hangar this new airline is supposedly going to be using. Maybe just a coincidence, but have not seen them here before or since. It should be noted that the hangar is on the opposite side of the airfield from both of the local FBO's, not a normal place I see aircraft go.



Phrogs Phorever
User currently offlinemesaflyguy From United States of America, joined Dec 2012, 3032 posts, RR: 5
Reply 20, posted (1 year 7 months 2 weeks 5 hours ago) and read 6206 times:
Support Airliners.net - become a First Class Member!

Quoting nkops (Reply 8):

Didn't know that, thanks for the info!  Still good to see those old beauties getting some work!  



\________(---)________/ :) World's most beautiful aircraft: 757-200, MD-88/90, E-190, A321
User currently offlinezippyjet From United States of America, joined Sep 2001, 5478 posts, RR: 12
Reply 21, posted (1 year 7 months 2 weeks 3 hours ago) and read 5868 times:

Quoting N1120A (Reply 18):

Is it an urban legend or a reality that Frank Lorenzo (the evil one) is banned from our industry as a CEO or any other kind of leadership position?



I'm Zippyjet & I approve of this message!
User currently offlineapodino From United States of America, joined Apr 2005, 4261 posts, RR: 6
Reply 22, posted (1 year 7 months 2 weeks 1 hour ago) and read 5742 times:

I heard it was going to be Phil Trennary, but the Pinnacle NDA is what is preventing him from formally being named.

User currently offlinesunking737 From United States of America, joined Feb 2005, 2040 posts, RR: 8
Reply 23, posted (1 year 7 months 1 week 6 days 18 hours ago) and read 5516 times:

Quoting ERJ170 (Reply 3):
Xtra Airways has 5 734... Perhaps that's who they are buying.. But half a million seems cheap for an airline... Wonder what they will have to do to go from charter to scheduled...

IIRC Xtra is doing flying for MN based Caljet Air into Mexico.

Maybe they just bought Island Air (WP) and they will use their AOC???



Just an MSPAVGEEK
User currently offlinestlgph From United States of America, joined Oct 2004, 9328 posts, RR: 25
Reply 24, posted (1 year 7 months 1 week 6 days 18 hours ago) and read 5497 times:

Quoting zippyjet (Reply 21):
Is it an urban legend or a reality that Frank Lorenzo (the evil one) is banned from our industry as a CEO or any other kind of leadership position?

He's not 'banned' from running an airline but his practices of gutting union contracts are now banned by changes in bankruptcy law.

Lorenzo is chairman and founder of Savoy Capital

http://www.savoycap.com/about.htm

He's also VP: Quality at X-Fab Semiconductor Foundaries AG



Eternal darkness we all should dread. It's hard to party when you're dead.
25 enilria : That would be a pretty terrible hire. He has zero marketing experience and that's what they most need. Fornaro would be much better. I'd vote for Men
26 enilria : Another thread says Ryan Int'l is shutting down. They should grab that certificate before it gets stale.
27 NorthStarDC4M : He's not banned, but I don't think the DOT and DOJ would go easy on him either if he wanted to run an airline again. The judges ruling ousting him fr
28 stlgph : In 1994 he attempted a start up but the DOT blocked the application. A lot of people Lorenzo pissed off are now holding fort at DOT and the DOJ. He c
29 PMUA787 : Bob Fornaro would be a good choice as he did a good job at FL as CEO and before Joe Leonard's right hand man as CFO.
30 enilria : Plus, Wall Street would take interest. Trennary is a huge mistake.
31 B727FA : I thought he was banned hence his Allegro outfit out of CUN b/c he had no other way to get back in to play. Perhaps "all but banned" (ie through roadb
32 F9animal : I heard Mike Conway and Potter former F9 CEO. Plenty of good talent out there!
33 allegiantflyer : Charter airline? charter airlines arent doing so well right now.I though these where going to be scheduled,darn
34 kcrwflyer : Gotta read my friend. People Express doesn't have a certificate to fly airplanes. They are buying a charter airline so that they can use that airline
35 sunking737 : Well with Ryan International closing its door yesterday due to changing their bankruptcy from Chap. 11 to 7, We know have a clue to who they are going
36 GSPSPOT : I know it's not the ideal time/economic environment for start-ups, but I really hope this iteration of PeopleExpress is a success! I have a soft spot
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