bennett123 wrote:Is hiring the same management team a smart move?.
Is buying an airline during a pandemic smart?
I think this venture may be more motivated by optimism then by design.
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bennett123 wrote:Is hiring the same management team a smart move?.
NameOmitted wrote:bennett123 wrote:Is hiring the same management team a smart move?.
Is buying an airline during a pandemic smart?
I think this venture may be more motivated by optimism then by design.
NameOmitted wrote:bennett123 wrote:Is buying an airline during a pandemic smart?
bennett123 wrote:You are mis quoting me.
I said 'Is hiring the same management team a smart move'.
bennett123 wrote:Is hiring the same management team a smart move?.
EA CO AS wrote:bennett123 wrote:You are mis quoting me.
I said 'Is hiring the same management team a smart move'.
Define "management" - do you mean the executive leadership team, the operational leaders, etc? Either way, it's hard to infer that the team was inept or not worthy of keeping when you're dealing with a global pandemic that no one could have foreseen.
JBo wrote:NameOmitted wrote:bennett123 wrote:Is hiring the same management team a smart move?.
Is buying an airline during a pandemic smart?
I think this venture may be more motivated by optimism then by design.
Buying an airline in Alaska is probably smarter than buying an airline anywhere else, since air travel is a far more crucial link up there than in the rest of the country.
FURUREFA wrote:EA CO AS wrote:bennett123 wrote:You are mis quoting me.
I said 'Is hiring the same management team a smart move'.
Define "management" - do you mean the executive leadership team, the operational leaders, etc? Either way, it's hard to infer that the team was inept or not worthy of keeping when you're dealing with a global pandemic that no one could have foreseen.
Ops leadership - helpful.
New ownership is optimistic but they're acquiring a bunch of assets just slightly above book value (ie. cheap). Dependence of cargo in the market is helpful. Frankly the two 121s in and of themselves are worth a decent amount.
Curious - why would folks not accept re-hire offers?
FURUREFA wrote:EA CO AS wrote:bennett123 wrote:You are mis quoting me.
Curious - why would folks not accept re-hire offers?
usxguy wrote:FURUREFA wrote:EA CO AS wrote:
Define "management" - do you mean the executive leadership team, the operational leaders, etc? Either way, it's hard to infer that the team was inept or not worthy of keeping when you're dealing with a global pandemic that no one could have foreseen.
Ops leadership - helpful.
New ownership is optimistic but they're acquiring a bunch of assets just slightly above book value (ie. cheap). Dependence of cargo in the market is helpful. Frankly the two 121s in and of themselves are worth a decent amount.
Curious - why would folks not accept re-hire offers?
Well, you have the FAA mandated "5 wisemen" who can't really be replaced - those come with the certificate. It could be that some staff don't want to work for XXX (insert person's name) again; such as the Chief Pilot, Dir of Maintenance, Dir of Ops, etc. So FLOAT will have to keep them, and then still meet the operation parameters, security protocols, etc. Unfortunately Ravn & PenAir were shut down too long to just "turn the keys" and *poof* be ready to go.
They are, however lightyears ahead of the new Wexford/Seaplanes option. Via Air doesn't even have ops specs for Alaska. Not sure ERJ 145s or E120s are the best option for Alaska, so they'll need to add a new fleet type to the cert & do proving runs, so that's at least 6 months away. And that's a big IF the US DOT allows the scheduled authority to remain intact.
NameOmitted wrote:Their timing for re-opening has just become less than optimal. Governor Dunleavy announced a new round of COVID tightening for three weeks starting Monday. Of course, given the state of COVID in rural Alaska right now, that might be the best long-term news for a renewed Ravn.
usxguy wrote:It seems that Ravn was decoupled from all their former independent operations. FLOAT got ERA, a group out of Texas (i think is where they are from) got Hagelands & Frontier Flying Service. And lots of other groups got parts of the 135 flying - Carvavans, Navajos, hangars, etc.
32andBelow wrote:There no way RAVN is going to make it through the winter. They still haven’t gotten FAA approval for 121 schedules. This 135 public charter is not going to keep the lights on.