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People Express Seeks To Buy Ryan Air Intl  
User currently offlineLAXintl From United States of America, joined May 2000, 25049 posts, RR: 46
Posted (7 months 6 days 8 hours ago) and read 12956 times:

Here is an odd one...


The Chapter 7 liquidation trustee for Ryan International Airlines (AJet Holdings) has filed notice with the DOT that it has reached a purchase agreement with People Express Airlines for purchase of remaining assets(listed below) of Ryan Intl for $500,000.

1) All stock
2) Company name "Ryan Air International Airlines"
3) Associated goodwill
4) FAA 121 air carrier certificate subject to requirements and restrictions of FAA
5) Leased space at 4949 Harrison Ave, Rockford Ill.
6) Transfer rights to Ryan Intl intellectual property, manuals and materials related to FAA 121 certificate
7) Intellectual rights to company software systems
8) Computer hardware and IT infrastructure in place at time of sale.


Transaction is subject to BK court approval.

OST-2014-0006

=

  
I thought PEX already purchased Xtra Airways. That certificate not good?


From the desert to the sea, to all of Southern California
40 replies: All unread, showing first 25:
 
User currently offlineenilria From Canada, joined Feb 2008, 7110 posts, RR: 13
Reply 1, posted (7 months 6 days 8 hours ago) and read 12913 times:

This is odd. Also, I thought they are completely broke?

User currently offlineFlaps From United States of America, joined Feb 2000, 1266 posts, RR: 4
Reply 2, posted (7 months 6 days 8 hours ago) and read 12913 times:

That would seem a bit odd but perhaps they are content with the Xtra ops as they are and want a separate operating certificate for the scheduled work?

User currently offlinePolot From United States of America, joined Jul 2011, 2157 posts, RR: 1
Reply 3, posted (7 months 6 days 8 hours ago) and read 12876 times:

$500,000 seems like a good deal for all that.

User currently offlineflyby519 From United States of America, joined Jul 2007, 1135 posts, RR: 0
Reply 4, posted (7 months 6 days 8 hours ago) and read 12770 times:

They must have a lot of different aircraft training programs on their certificate, not to mention international ops. Seems like a good deal for 500k


These postings or comments are not a company-sponsored source of communication.
User currently offlinesrbmod From , joined Dec 1969, posts, RR:
Reply 5, posted (7 months 6 days 5 hours ago) and read 12273 times:

That is odd considering they bought Xtra Airways presumably so they could turn it into PeoplExpress. Ryan Int'l has operated a wide variety of a/c types on their certificate over the years, so maybe this gives PeoplExpress a bit more flexibility when it comes to their fleet. But considering the widebody history of Ryan Int'l, maybe PeoplExpress is also looking into possible international service.

User currently onlineViscount724 From Switzerland, joined Oct 2006, 25106 posts, RR: 22
Reply 6, posted (7 months 5 days 23 hours ago) and read 11720 times:

Quoting LAXintl (Thread starter):
2) Company name "Ryan Air International Airlines"

Wasn't their name "Ryan International Airlines"? Can't recall "Air" being part of their name. Seems a bit redundant with "Airlines". But I see you also have "Ryan Air Intl"" in the thread subject so maybe there's a legal name apart from what they used for marketing purposes?


User currently offlineN62NA From United States of America, joined Aug 2003, 4447 posts, RR: 6
Reply 7, posted (7 months 5 days 22 hours ago) and read 11544 times:

This new PEOPLExpress saga certainly is interesting!

User currently offlineSKC From United States of America, joined Oct 2012, 94 posts, RR: 0
Reply 8, posted (7 months 5 days 21 hours ago) and read 10898 times:

Quoting Viscount724 (Reply 6):
Wasn't their name "Ryan International Airlines

That's correct. The carrier wasn't ever called Ryan Air International Airlines.

Quoting srbmod (Reply 5):
Ryan Int'l has operated a wide variety of a/c types on their certificate over the years

727-100/200
737-200/300/400/800
757
767-200/300
A320/321
A330
DC10-10
MD83

I think that's all of them.


User currently offlinen797mx From United States of America, joined Mar 2009, 203 posts, RR: 0
Reply 9, posted (7 months 5 days 19 hours ago) and read 10331 times:

Quoting SKC (Reply 8):
727-100/200
737-200/300/400/800
757
767-200/300
A320/321
A330
DC10-10
MD83

I think that's all of them.

DC-9-15, MD-87



Clear skies and strong tail winds.
User currently offlineWingtips56 From United States of America, joined Dec 2010, 382 posts, RR: 0
Reply 10, posted (7 months 5 days 19 hours ago) and read 10276 times:

What certificates did Xtra have? Maybe PeoplExpress has realized old 734's may not be the best choice?


Worked for WestAir, Apollo Airways, Desert Pacific, Western, AirCal and American Airlines
User currently offlinedispatchguy From United States of America, joined Jan 2006, 1249 posts, RR: 2
Reply 11, posted (7 months 5 days 16 hours ago) and read 9297 times:

I thought Pan Am was going to be a part of the new Ryan....


Strange mess this airline business....



Nobody screws you better than an airline job!
User currently offlinesteeler83 From United States of America, joined Feb 2006, 9191 posts, RR: 18
Reply 12, posted (7 months 5 days 12 hours ago) and read 7692 times:

Quoting srbmod (Reply 5):
But considering the widebody history of Ryan Int'l, maybe PeoplExpress is also looking into possible international service.

PHF-LGW?

Quoting N62NA (Reply 7):
This new PEOPLExpress saga certainly is interesting!

You know, in the beginning I was all in favor of wanting this airline to work. With this latest installment of the saga, I'm scratching my head here.

To quote Kevin O'Leary, "You are dead to me. I'm out."



Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
User currently offlinevatveng From United States of America, joined Jan 2004, 958 posts, RR: 1
Reply 13, posted (7 months 5 days 3 hours ago) and read 6075 times:

Quoting steeler83 (Reply 12):

PHF-LGW?

Eh, why not? Frontier/Apple is starting PHF-CUN next month.

Okay, so probably not TATL service, but PE may be looking to get in on the Caribbean charter biz. If Apple's weekly CUN service is a success, could PE conceivably bring in Xtra to do some charter flights and finally get off the ground in PHF?



Visited VA,NC,PA,SC,FL,GA,OH,AL,TX,TN,CO,CA,UT,NV,NM,IN,KY,MD,MO,CT,MA,NH,ME.
User currently offlinesteeler83 From United States of America, joined Feb 2006, 9191 posts, RR: 18
Reply 14, posted (7 months 5 days 3 hours ago) and read 6049 times:

Quoting vatveng (Reply 13):
Eh, why not? Frontier/Apple is starting PHF-CUN next month.

Okay, so probably not TATL service, but PE may be looking to get in on the Caribbean charter biz. If Apple's weekly CUN service is a success, could PE conceivably bring in Xtra to do some charter flights and finally get off the ground in PHF?

That first route was actually a bit of sarcasm, but ehh... I guess the Caribbean would be a good starting point for int'l service, especially if they want to do charter flights at first. Still, considering this is their second purchase, I am having my doubts about what they want to do...



Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
User currently offlinebjorn14 From Norway, joined Feb 2010, 3411 posts, RR: 2
Reply 15, posted (7 months 5 days 2 hours ago) and read 5866 times:

Did Ryan have an IATA code? If so, I wonder which one People will use?


"I want to know the voice of God the rest is just details" --A. Einstein
User currently offlinesrbmod From , joined Dec 1969, posts, RR:
Reply 16, posted (7 months 5 days 1 hour ago) and read 5814 times:

Quoting bjorn14 (Reply 15):
Did Ryan have an IATA code? If so, I wonder which one People will use?

Their IATA code was/is RD and their ICAO was/is RYN. While the PE code used by the original PeoplExpress is used by three airlines (One in Australia, one in South Africa and one in Switzerland.), they could presumably use it as well since nobody in North America is currently using it and none of the three airlines currently operate into North America.


User currently offlinebjorn14 From Norway, joined Feb 2010, 3411 posts, RR: 2
Reply 17, posted (7 months 5 days 1 hour ago) and read 5784 times:

I think they should use Xtra's XP code...bassackwards but hey.


"I want to know the voice of God the rest is just details" --A. Einstein
User currently offlineEA CO AS From United States of America, joined Nov 2001, 13547 posts, RR: 62
Reply 18, posted (7 months 4 days 23 hours ago) and read 5561 times:
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Quoting Polot (Reply 3):
$500,000 seems like a good deal for all that.

Not if it's the last $500,000 you have to your name.   



"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan
User currently offlinelightsaber From United States of America, joined Jan 2005, 12981 posts, RR: 100
Reply 19, posted (7 months 4 days 12 hours ago) and read 5275 times:
Support Airliners.net - become a First Class Member!

Quoting Polot (Reply 3):

$500,000 seems like a good deal for all that.

How many shares of People express stock are worth $500k? As in the OP post:

Quoting LAXintl (Thread starter):
1) All stock

This is just an attempt to get something for Ryan's certificate.

Now what/when will anything be done with it?

Lightsaber



Societies that achieve a critical mass of ideas achieve self sustaining growth; others stagnate.
User currently offlineridgid727 From United States of America, joined Jul 2008, 1113 posts, RR: 0
Reply 20, posted (7 months 4 days 12 hours ago) and read 5272 times:

Did they actually acquire Xtra? I think Xtra has 737-800's on their certificate as well as the 400. they leae an 800 seasonally I believe. They have been running an operation for someone down in Chile for several months.

User currently offlinesunking737 From United States of America, joined Feb 2005, 2040 posts, RR: 8
Reply 21, posted (7 months 4 days 12 hours ago) and read 5222 times:

Quoting lightsaber (Reply 19):
How many shares of People express stock are worth $500k?

I believe its all out standing stock in Ryan, complete control in the company.



Just an MSPAVGEEK
User currently offlineB757capt From United States of America, joined Feb 2004, 1373 posts, RR: 0
Reply 22, posted (7 months 4 days 12 hours ago) and read 5209 times:

Quoting bjorn14 (Reply 17):

I think the XP dates back to when Xtra was called Casino Express. Could be wrong though....



The views written by this user are in no manner the views of my employer and should not be thought as such.
User currently offlineDTWPurserBoy From United States of America, joined Feb 2010, 1611 posts, RR: 7
Reply 23, posted (7 months 4 days 11 hours ago) and read 5127 times:

Quoting N62NA (Reply 7):
This new PEOPLExpress saga certainly is interesting!

That is the understatement of the year! The local newspaper in Newport News, The Daily Press, has virtually stopped printing stories about them. This bunch is a hot mess.



Qualified on Concorde/B707/B720/B727/B737/B747/B757/B767/B777/DC-8/DC-9/DC-10/A319/A320/A330/MD-88-90
User currently offlineSKC From United States of America, joined Oct 2012, 94 posts, RR: 0
Reply 24, posted (7 months 3 days 23 hours ago) and read 4534 times:

Quoting n797mx (Reply 9):

Quoting SKC (Reply 8):
727-100/200
737-200/300/400/800
757
767-200/300
A320/321
A330
DC10-10
MD83

I think that's all of them.

DC-9-15, MD-87

I had forgotten about the DC9 since that was before my time there. When did they op the MD-87? I only knew of the -83 (at least during my time there 98-07).


25 Jerseyguy : Well they've already tried to capitalize on the People Express name, perhaps they are looking to get press coverage by naming the airline Ryanair Amer
26 billreid : The Boyd Group went in and tried to right the Ryan International ship. That didn't last too long. Eventually the Boyd President left for greener pastu
27 Post contains images Burchfiel : I hope I'm not the only person who thought this was a thread about People Express buying Ryanair!
28 Jerseyguy : Sorry, I think you were. I personally knew of the North American Airline known of Ryan Air Intl but even if I didn't I would be shocked to find that
29 Post contains links mariner : They're still chirping about a start in 2014: http://insidebiz.com/news/peoplexpre...ames-ceo-plans-start-takeoffs-2014 "PEOPLExpress names CEO, plan
30 Post contains links n797mx : I don't know it it was ever in service, but their are two photos of it in the database. http://www.airliners.net/search/phot...gsearch=N167AS&dis
31 PHX787 : Oh hot damn! That's ONE way to bypass all of those funky FAA requirements, but it seems still to restrict PEX to charters, right?
32 bjorn14 : PHX787, Ryan had a 121 certificate so they can schedule. Not sure about the Xtra cert.
33 srbmod : Buying XP was their way to bypass the FAA and DoT regulations regarding the oversight of new entrants, as Xtra Airways has a 121 certificate and can
34 United727 : I can confirm the plane existed and flew a few times. It remains at KRFD in the penalty box awaiting its fate. The plane's engines are timed out and
35 DocLightning : Can someone explain what this means in this context? I looked it up in an online legal dictionary, but it's not not clicking. If I was gonna say...
36 PHX Flyer : I am no expert in these legal matters, but - correct me if I'm wrong - if an airline ceases operations, wouldn't the FAA immediately suspend the cert
37 srbmod : Unless the FAA pulls the operating certificate for some reason which leads to the closure of the airline, an operating certificate is treated as an a
38 LAXintl : I suspect the Ryan ops specs hold something unique in value to PEX that Xtra does not come with. Though I still think the whole PEX venture is rather
39 bjorn14 : Associated Goodwill is essentially whatever the brand stood for to its customers, vendors & employees. The few exampl es in the airline industry a
40 cornutt : I'm vaguely aware that there are some funky accounting rules associated with goodwill. I recall that when I worked at Boeing, 7 or 8 years ago, the c
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