|Quoting mke717spotter (Reply 14):|
What if Bedford sells off F9 and ownership changes hands? I saw in the conference call that they're thinking about unloading even more E190s, and it'd be pretty disappointing to see the fleet shrink further because these frames compliment the Airbus pretty nicely in my opinion. If the E190s get dumped I think we'll see a lot of the "unique" routes go away as well.
I'm a big fan of the E190. I don't think we'd see places like SBA
without it. The E190 does great on uncontested or high fare monopoly routes, e.g. DEN
, but it doesn't do well on depressed yield routes with lots of competition like DEN
. I don't think the E190 fleet will shrink further, though. Although not as efficient as the A320, I believe the E190 had a break even load factor of 90% in Q3
. That number was as good or better than the A318 and A319. Of course, BB
could sell the remaining owned E190s to increase liquidity. I believe he has gone on record as stating he could raise as much as $40 million if he did sell the planes. But, he keeps talking about a fleet of 99+ seats, so I don't think the E190s are going anywhere. I believe BB
addressed the question of moving the E190 fleet to the F9
certificate when the two companies separate, and he said no. He believes there is power in a single fleet type. Republic crews would continue to operate the E190s for the new Frontier on a pro rate shared revenue contract.
My biggest beef about the E190 is that 100th seat that has been deactivated.