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California Pacific for sale

Posted: Mon May 06, 2019 6:30 pm
by LAXintl
The airline with seemingly nine-lives is up for sale with a potential deal being imminent..


Paragon Partners, are currently in negotiations to acquire the majority ownership in California Pacific Airlines.

The acquisition group is chaired by Robert Nisi, a former securities attorney and active investment banker who was a part of the founding team, alongside Richard Branson, of Virgin American Airlines.

Nisi served as Virgin’s corporate director for several years before the company was sold to Alaska Airlines in 2016 for $2.6 billion.

If the deal is completed, Nisi would be named Chairman of CP Air. “Our target is to close and get flight operations underway as soon as possible,” a Paragon associate said. The planned acquisition includes assumption of debt, transfer of stock and cash considerations.

In February, CP Air engaged Glidepath Capital Partners, an aviation/aerospace investment banker, to manage the acquisition and capital raise process, which includes the transfer of ownership and control. Current owner Vallas could not be reached for comment.



https://www.thecoastnews.com/california ... ownership/

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Wonder what Mr. Nisi true plans are for the certificate.

Re: California Pacific for sale

Posted: Mon May 06, 2019 6:32 pm
by SierraPacific
I wonder if they stay with the losing battle of flying out of Carlsbad or use the certificate to start something new.

Virgin America round 2 :lol:

Re: California Pacific for sale

Posted: Mon May 06, 2019 6:40 pm
by strfyr51
SierraPacific wrote:
I wonder if they stay with the losing battle of flying out of Carlsbad or use the certificate to start something new.

Virgin America round 2 :lol:

Carlsbad might not be where you'd want to run an airline from. The airline needs to be where aviation parts, People, and services are near.to reduce costs and logistics, Ay Least until they build an unshakeable infrastructure.

Re: California Pacific for sale

Posted: Mon May 06, 2019 6:54 pm
by sunking737
Midwest Express 2.0 ???

Re: California Pacific for sale

Posted: Mon May 06, 2019 7:06 pm
by bluefltspecial
sunking737 wrote:
Midwest Express 2.0 ???


That was my first thought.

Re: California Pacific for sale

Posted: Mon May 06, 2019 7:10 pm
by bluefltspecial
Just read the press release;

CP Air plans to provide service to six western cities with five aircraft initially, including San Jose, Oakland, Reno, Sacramento, Phoenix and Las Vegas.[/i]

If WN was not already strong in each one of these markets I would say it would be a good shot... should be interesting with one E145 and a later an E170.

Re: California Pacific for sale

Posted: Mon May 06, 2019 9:59 pm
by UPlog
I doubt long term the airline will have anything to do with Carlsbad.
An investment group is buying the certificate and will want to make money back on their investment, not run a niche regional carrier.
Also as mentioned old man Vallas will be out of the picture having relinquished control and ownership.

Re: California Pacific for sale

Posted: Mon May 06, 2019 10:30 pm
by Gulfstream500
bluefltspecial wrote:
sunking737 wrote:
Midwest Express 2.0 ???


That was my first thought.


I don’t think that any of them are involved in the Midwest 2.0 company. (viewtopic.php?f=3&t=1420297&p=21322981&hilit=Midwest#p21322981)

Maybe if this sell off fails, then Midwest 2.0 will buy it.

Re: California Pacific for sale

Posted: Mon May 06, 2019 10:46 pm
by TWA772LR
Virgin California...

Re: California Pacific for sale

Posted: Mon May 06, 2019 11:40 pm
by wedgetail737
TWA772LR wrote:
Virgin California...


No...I think that airline has been violated many times!

Re: California Pacific for sale

Posted: Mon May 06, 2019 11:56 pm
by keithball288
wedgetail737 wrote:
TWA772LR wrote:
Virgin California...


No...I think that airline has been violated many times!

I agree with you there.It would not make any sense.

Re: California Pacific for sale

Posted: Tue May 07, 2019 2:47 am
by Passedv1
I think PDX.

Pdx is neglected by Alaska, has a large enough population to justify service to many cities, and is fragmented enough that a new/hip startup could gain some traction. PLUS Sir Branson would live to piss in AS's Wheaties.

Re: California Pacific for sale

Posted: Tue May 07, 2019 3:08 am
by spinkid
I'm sure its someone who is looking for a certificate. They might have some temporary service on those old routes, but i wouldn't expect anything long term

Re: California Pacific for sale

Posted: Tue May 07, 2019 3:13 am
by PlanesNTrains
Passedv1 wrote:
I think PDX.

Pdx is neglected by Alaska, has a large enough population to justify service to many cities, and is fragmented enough that a new/hip startup could gain some traction. PLUS Sir Branson would live to piss in AS's Wheaties.


Just because AS doesn't have the same flight schedule at PDX as SEA doesn't mean PDX is neglected. Frankly, for the past 15 years it seems like all we hear out of PDX is complaining that AS is treating them poorly. Does anyone say WN is neglecting PDX? DL? UA? AA? Nope, just AS, coincidentally the carrier that I believe has the most flights out of PDX. Yep, truly neglected.

Re: California Pacific for sale

Posted: Tue May 07, 2019 4:25 am
by ericm2031
Seems like this and Contour could merge and create a nice niche airline

Re: California Pacific for sale

Posted: Tue May 07, 2019 5:18 am
by SkyVoice
It's not Etihad throwing good money after bad again, is it?

Re: California Pacific for sale

Posted: Tue May 07, 2019 1:28 pm
by AirFiero
Passedv1 wrote:
I think PDX.

Pdx is neglected by Alaska, has a large enough population to justify service to many cities, and is fragmented enough that a new/hip startup could gain some traction. PLUS Sir Branson would live to piss in AS's Wheaties.


Wasn’t there a non-compete in the VX deal with Branson?

Re: California Pacific for sale

Posted: Tue May 07, 2019 1:51 pm
by drdisque
ericm2031 wrote:
Seems like this and Contour could merge and create a nice niche airline


Contour is doing very well. They don't want to get mixed up into this mess. They also want to stay Part 135 and have no interest in the former ADI's Part 121 certificate.

Re: California Pacific for sale

Posted: Thu May 09, 2019 8:39 am
by debonair
The article has since been updated:
Editor’s Note: A previous version of this article contained several inaccuracies that have since been corrected.


https://www.thecoastnews.com/california ... ownership/

Re: California Pacific for sale

Posted: Thu May 09, 2019 1:05 pm
by lavalampluva
Well...that was a bust.

Re: California Pacific for sale

Posted: Thu May 09, 2019 1:21 pm
by KlimaBXsst
Me thinks ... the new investors see an opportunity to feed another airline. CP is an attractive brand name, but that is about all.

Expressjet Airlines had a stylish go at it alone brand for a bit but was quickly reabsorbed.

California Pacific “operating for” Might look good on a website of one of the big 5, but that is about as far as this independent airline goes.

Unfortunately I might add. Was hoping to see CP and Valles succeed.

Re: California Pacific for sale

Posted: Thu May 09, 2019 1:43 pm
by Polot
KlimaBXsst wrote:
Me thinks ... the new investors see an opportunity to feed another airline. CP is an attractive brand name, but that is about all.

Expressjet Airlines had a stylish go at it alone brand for a bit but was quickly reabsorbed.

California Pacific “operating for” Might look good on a website of one of the big 5, but that is about as far as this independent airline goes.

Unfortunately I might add. Was hoping to see CP and Valles succeed.

The California Pacific name/brand has zero value. This is all about the operating certificate. Investors are trying to jumpstart a startup somewhere.

Re: California Pacific for sale

Posted: Thu May 09, 2019 1:59 pm
by KlimaBXsst
Polot wrote:
The California Pacific name/brand has zero value. This is all about the operating certificate. Investors are trying to jumpstart a startup somewhere.


Let’s not mistake “name” and “value!”

As a brand for example what would attract Californian’s? What name feels more “warm and fuzzy” to Californians?

Pacific Mississippi Airlines
or
California Pacific Airlines

One can hardly argue Pacific Mississippi!

Re: California Pacific for sale

Posted: Thu May 09, 2019 2:51 pm
by rajincajun01
KlimaBXsst wrote:
Polot wrote:
The California Pacific name/brand has zero value. This is all about the operating certificate. Investors are trying to jumpstart a startup somewhere.


Let’s not mistake “name” and “value!”

As a brand for example what would attract Californian’s? What name feels more “warm and fuzzy” to Californians?

Pacific Mississippi Airlines
or
California Pacific Airlines

One can hardly argue Pacific Mississippi!

Yet Alaska does just fine in the lower 48, especially in California.

Re: California Pacific for sale

Posted: Thu May 09, 2019 3:21 pm
by PlanesNTrains
rajincajun01 wrote:
KlimaBXsst wrote:
Polot wrote:
The California Pacific name/brand has zero value. This is all about the operating certificate. Investors are trying to jumpstart a startup somewhere.


Let’s not mistake “name” and “value!”

As a brand for example what would attract Californian’s? What name feels more “warm and fuzzy” to Californians?

Pacific Mississippi Airlines
or
California Pacific Airlines

One can hardly argue Pacific Mississippi!

Yet Alaska does just fine in the lower 48, especially in California.


To say that California Pacific is a good name or not a good name is fine from a “What if” imaginary airline perspective, but I agree that what is going on here has nothing to do with the name and everything to do with the certificate. I could offer a dozen names that would be every bit as relevant and descriptive as California Pacific and that’s for free.

Re: California Pacific for sale

Posted: Thu May 09, 2019 3:48 pm
by diverdave
LAXintl wrote:
The airline with seemingly nine-lives is up for sale with a potential deal being imminent..


Rather than having nine lives, I think it's more comparable to an animal that keeps coming back from the Pet Sematary. :)

Re: California Pacific for sale

Posted: Thu May 09, 2019 5:04 pm
by KlimaBXsst
rajincajun01 wrote:
Yet Alaska does just fine in the lower 48, especially in California.


Yes Alaska does seem to be very warmly received in California.

Re: California Pacific for sale

Posted: Thu May 09, 2019 6:58 pm
by Polot
KlimaBXsst wrote:
Polot wrote:
The California Pacific name/brand has zero value. This is all about the operating certificate. Investors are trying to jumpstart a startup somewhere.


Let’s not mistake “name” and “value!”

As a brand for example what would attract Californian’s? What name feels more “warm and fuzzy” to Californians?

Pacific Mississippi Airlines
or
California Pacific Airlines

One can hardly argue Pacific Mississippi!

California Pacific is not a storied name. You realize, when creating an airline, that you can name it whatever you want (assuming it is not taken already). Sure California Pacific Airline is better than Pacific Mississippi Airlines...but you can name your new airline Golden California Skyways or whatever without having to spend a dime on another airline. This is all about the certificate.

Re: California Pacific for sale

Posted: Thu May 09, 2019 8:01 pm
by FlyHPN
AirFiero wrote:
Passedv1 wrote:
I think PDX.

Pdx is neglected by Alaska, has a large enough population to justify service to many cities, and is fragmented enough that a new/hip startup could gain some traction. PLUS Sir Branson would live to piss in AS's Wheaties.


Wasn’t there a non-compete in the VX deal with Branson?


There were many claims around the time of the merger, but I don't believe a non-compete between Alaska and Branson was one of them. If I remember correctly, Alaska claimed to have exclusive rights to the Virgin name, but then Branson was claiming that Alaska would owe him royalties for it through 2040 even if they stop using the name, unless he decides to reuse it. Even today I'm unable to find an article substantiating either points.

Re: California Pacific for sale

Posted: Thu May 09, 2019 10:04 pm
by flyoregon
diverdave wrote:
LAXintl wrote:
The airline with seemingly nine-lives is up for sale with a potential deal being imminent..


Rather than having nine lives, I think it's more comparable to an animal that keeps coming back from the Pet Sematary. :)


And the Cemetery...

Re: California Pacific for sale

Posted: Thu May 09, 2019 11:21 pm
by mga707
Polot wrote:

One can hardly argue Pacific Mississippi!
California Pacific is not a storied name. You realize, when creating an airline, that you can name it whatever you want (assuming it is not taken already). Sure California Pacific Airline is better than Pacific Mississippi Airlines...but you can name your new airline Golden California Skyways or whatever without having to spend a dime on another airline. This is all about the certificate.


Reminds me of what happened 85 years ago, when the Air Mail Reorganization Act took effect in 1934 and all Contract Air Mail routes had to be re-bid. A struggling California-based airline named Pacific Seaboard Air Lines successfully bid on the Chicago-St. Louis-Memphis-New Orleans route and moved their entire operation to Memphis to start their newly-certificated route. While they quickly re-named themselves Chicago and Southern Air Lines, for a short while their aircraft were plying 'The Valley Level Route' up and down the Mississippi as Pacific Seaboard! C&S was a successful airline until 1953 when they were acquired by Delta.

Re: California Pacific for sale

Posted: Thu May 09, 2019 11:34 pm
by hiflyeras
Every time I see the name 'California Pacific' mentioned on here I laugh to myself. Love the perseverence of the ownership but it was never anything more than a pipe dream. The name has absolutely no value and is unknown to anyone other than airliners.net members. But agree that the certificate does have value...David Neeleman is likely sniffing around as we speak.

Re: California Pacific for sale

Posted: Fri May 10, 2019 1:36 am
by BoeingGuy
KlimaBXsst wrote:
Polot wrote:
The California Pacific name/brand has zero value. This is all about the operating certificate. Investors are trying to jumpstart a startup somewhere.


Let’s not mistake “name” and “value!”

As a brand for example what would attract Californian’s? What name feels more “warm and fuzzy” to Californians?

Pacific Mississippi Airlines
or
California Pacific Airlines

One can hardly argue Pacific Mississippi!


How about reviving Pacific Southwest Airlines? Doesn’t get any more warm and fuzzy than that legendary airline.

Re: California Pacific for sale

Posted: Fri May 10, 2019 2:51 am
by wedgetail737
hiflyeras wrote:
Every time I see the name 'California Pacific' mentioned on here I laugh to myself. Love the perseverence of the ownership but it was never anything more than a pipe dream. The name has absolutely no value and is unknown to anyone other than airliners.net members. But agree that the certificate does have value...David Neeleman is likely sniffing around as we speak.


I got to fly on them once between SJC and Carlsbad RT. They were pretty unorganized!

Re: California Pacific for sale

Posted: Fri May 10, 2019 2:51 am
by wedgetail737
BoeingGuy wrote:
KlimaBXsst wrote:
Polot wrote:
The California Pacific name/brand has zero value. This is all about the operating certificate. Investors are trying to jumpstart a startup somewhere.


Let’s not mistake “name” and “value!”

As a brand for example what would attract Californian’s? What name feels more “warm and fuzzy” to Californians?

Pacific Mississippi Airlines
or
California Pacific Airlines

One can hardly argue Pacific Mississippi!


How about reviving Pacific Southwest Airlines? Doesn’t get any more warm and fuzzy than that legendary airline.


Unfortunately, I don't think it will happen as long as AA holds the rights to the name.