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FlyingElvii
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Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 12:30 am

Former Republic Executive Vice President and Chief Operating Officer Wayne Heller appointed as CEO.
https://www.ch-aviation.com/portal/news/93499

Wow....
So many possibilities for this.
Big money backer, cheap airplanes of all kinds, and plentiful pilots. The return of ATA, perhaps???
Heller is a huge industry name, don't expect this to be a small endeavor.
 
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FLALEFTY
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Re: Wexford Capital Buys Bankrupt Via Airlines

Tue Jul 28, 2020 12:40 am

There is a covey of semi-derelict, ex-Via EMB-145's rusting away on the hyper-humid ramp of SFB. I guess these can be brought back to life?
 
FlyingElvii
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Re: Wexford Capital Buys Bankrupt Via Airlines

Tue Jul 28, 2020 12:44 am

FLALEFTY wrote:
There is a covey of semi-derelict, ex-Via EMB-145's rusting away on the hyper-humid ramp of SFB. I guess these can be brought back to life?

VIA only owned one 145 outright, the rest were leased from Avmax.

With that kind of big-money backing, why mess with corrosion corner airplanes? Or even small RJ's?
PLENTY of better aircraft available cheap for the foreseeable future, especially for cash.
 
32andBelow
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Joined: Mon Sep 03, 2012 2:54 am

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 7:17 pm

Well it’s official. The via certificate is heading to the state of Alaska in conjunction with Alaska seaplanes to fly the old penair/ravn routes.
 
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usxguy
Posts: 1884
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 8:08 pm

That hit piece about Float in the ADN now makes sense. I wonder if "friends" of the new entity have anything to do with it, the article smells too much like its been scripted to paint New Ravn as unsafe and horrible.

This is sounding more and more like a Scooby doo cartoon. Can't wait until all the players come to light.
Last edited by usxguy on Tue Jul 28, 2020 8:33 pm, edited 1 time in total.
xx
 
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sunking737
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 8:23 pm

Who would have thought the state Alaska would become a battle ground over air service to small towns???
"Don't believe it unless its parked on the ramp, or printed in the schedule...SUBJECT TO CHANGE"

I'm a SUNDUCK......Worked for RC & SY @ MSP
 
32andBelow
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Joined: Mon Sep 03, 2012 2:54 am

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 8:30 pm

sunking737 wrote:
Who would have thought the state Alaska would become a battle ground over air service to small towns???

Well when you can charge 800 dollars round trip for a 1.5 hour flight.
 
32andBelow
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Joined: Mon Sep 03, 2012 2:54 am

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 8:44 pm

MO11 wrote:
FlyingElvii wrote:
32andBelow wrote:
Wexford has had a hardon for operating in Alaska for the last half decade. They invested in penair 1.0. Tried to just buy penair back and failed. And now they are saying they are exploring markets to deploy the via certificate including the state of Alaska.

Doesn’t via also have EMB 120 on the cert?

yes...


Wait, there were two FAA certificates. Via Airlines was scheduled 121 with the ERJ, Via Airways was on demand 135 with the Brasilia.

They bought the 121 certificate.
 
MIflyer12
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Re: Wexford Capital Buys Bankrupt Via Airlines

Tue Jul 28, 2020 10:02 pm

FlyingElvii wrote:
FLALEFTY wrote:
There is a covey of semi-derelict, ex-Via EMB-145's rusting away on the hyper-humid ramp of SFB. I guess these can be brought back to life?

VIA only owned one 145 outright, the rest were leased from Avmax.

With that kind of big-money backing...


Did they say they were going to put a lot of money into Via, or do you just infer that because they have a few $ Billion in assets under management? Private equity is very diligent about pulling $ out, not so much putting $ in.
 
32andBelow
Posts: 4969
Joined: Mon Sep 03, 2012 2:54 am

Re: Wexford Capital Buys Bankrupt Via Airlines

Tue Jul 28, 2020 10:05 pm

MIflyer12 wrote:
FlyingElvii wrote:
FLALEFTY wrote:
There is a covey of semi-derelict, ex-Via EMB-145's rusting away on the hyper-humid ramp of SFB. I guess these can be brought back to life?

VIA only owned one 145 outright, the rest were leased from Avmax.

With that kind of big-money backing...


Did they say they were going to put a lot of money into Via, or do you just infer that because they have a few $ Billion in assets under management? Private equity is very diligent about pulling $ out, not so much putting $ in.

They didn’t put enough into penair to Prevent its bankruptcy
 
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NameOmitted
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 10:13 pm

These are the folks who rode MarkAir from BK all the way to Frontier.
 
FlyingElvii
Topic Author
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Re: Wexford Capital Buys Bankrupt Via Airlines

Tue Jul 28, 2020 10:31 pm

MIflyer12 wrote:
FlyingElvii wrote:
FLALEFTY wrote:
There is a covey of semi-derelict, ex-Via EMB-145's rusting away on the hyper-humid ramp of SFB. I guess these can be brought back to life?

VIA only owned one 145 outright, the rest were leased from Avmax.

With that kind of big-money backing...


Did they say they were going to put a lot of money into Via, or do you just infer that because they have a few $ Billion in assets under management? Private equity is very diligent about pulling $ out, not so much putting $ in.

EASY to infer from the fact of who they put in charge....
 
enplaned
Posts: 112
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 11:12 pm

32andBelow wrote:
MO11 wrote:
FlyingElvii wrote:
yes...


Wait, there were two FAA certificates. Via Airlines was scheduled 121 with the ERJ, Via Airways was on demand 135 with the Brasilia.

They bought the 121 certificate.


Via hasn't operated since Oct 2019, which is nine months. The 121 certificate must be long gone by now, no?
 
FlyingElvii
Topic Author
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 11:41 pm

enplaned wrote:
32andBelow wrote:
MO11 wrote:

Wait, there were two FAA certificates. Via Airlines was scheduled 121 with the ERJ, Via Airways was on demand 135 with the Brasilia.

They bought the 121 certificate.


Via hasn't operated since Oct 2019, which is nine months. The 121 certificate must be long gone by now, no?

Not if they had the right names parked on it.
And any enforcement action on it is likely long delayed due to current "other factors".
 
32andBelow
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Joined: Mon Sep 03, 2012 2:54 am

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Tue Jul 28, 2020 11:43 pm

enplaned wrote:
32andBelow wrote:
MO11 wrote:

Wait, there were two FAA certificates. Via Airlines was scheduled 121 with the ERJ, Via Airways was on demand 135 with the Brasilia.

They bought the 121 certificate.


Via hasn't operated since Oct 2019, which is nine months. The 121 certificate must be long gone by now, no?

Well apparently they still have it since they sold it.
 
enplaned
Posts: 112
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 2:13 am

FlyingElvii wrote:
enplaned wrote:
32andBelow wrote:
They bought the 121 certificate.


Via hasn't operated since Oct 2019, which is nine months. The 121 certificate must be long gone by now, no?

Not if they had the right names parked on it.
And any enforcement action on it is likely long delayed due to current "other factors".


Does say that Via will need to be "recertified" by the FAA. Unclear what that means but it sounds like Via does not have the right to simply restart.

Via's partner, the party that lost the bankruptcy auction, sounds rather miffed, to say the least, calling the result of the auction ("if you can call it an auction") "bizarre".

See:

https://twitter.com/chasingray/status/1 ... 4971122688

They're pretty open about dumping on the winner of Ravn. Not a lot of class being shown here.
 
MO11
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 2:49 am

enplaned wrote:

Does say that Via will need to be "recertified" by the FAA. Unclear what that means but it sounds like Via does not have the right to simply restart.


It can simply restart if the same people are in the required management positions, and it uses ERJ-145s. Otherwise, it will need work. And since the airline is "dormant", it will need a new futness determination from the DOT.
 
Blueballs
Posts: 59
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 3:05 am

Wayne heller is a pariah in this industry. Whatever that man has planned is gonna be crooked
 
FlyingElvii
Topic Author
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 3:35 am

Blueballs wrote:
Wayne heller is a pariah in this industry. Whatever that man has planned is gonna be crooked

Ex-pilot, are you?
 
AntonioMartin
Posts: 688
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 4:07 am

I love seeing defunct airlines revived!
 
32andBelow
Posts: 4969
Joined: Mon Sep 03, 2012 2:54 am

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 5:03 am

enplaned wrote:
FlyingElvii wrote:
enplaned wrote:

Via hasn't operated since Oct 2019, which is nine months. The 121 certificate must be long gone by now, no?

Not if they had the right names parked on it.
And any enforcement action on it is likely long delayed due to current "other factors".


Does say that Via will need to be "recertified" by the FAA. Unclear what that means but it sounds like Via does not have the right to simply restart.

Via's partner, the party that lost the bankruptcy auction, sounds rather miffed, to say the least, calling the result of the auction ("if you can call it an auction") "bizarre".

See:

https://twitter.com/chasingray/status/1 ... 4971122688

They're pretty open about dumping on the winner of Ravn. Not a lot of class being shown here.

Um the ravn auction was canceled. Us they said the buds were to pow then selected and even lower bud outside of the auction by a caravan operator in Southern California.
 
n7371f
Posts: 1830
Joined: Fri Jul 04, 2008 3:54 pm

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 5:19 am

Cheeseburger Wayne is back!
 
Blueballs
Posts: 59
Joined: Wed Jan 11, 2017 2:21 pm

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 11:55 am

FlyingElvii wrote:
Blueballs wrote:
Wayne heller is a pariah in this industry. Whatever that man has planned is gonna be crooked

Ex-pilot, are you?

Ex republic, still a pilot
 
enplaned
Posts: 112
Joined: Mon Aug 29, 2016 9:49 pm

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 1:17 pm

MO11 wrote:
enplaned wrote:

Does say that Via will need to be "recertified" by the FAA. Unclear what that means but it sounds like Via does not have the right to simply restart.


It can simply restart if the same people are in the required management positions, and it uses ERJ-145s. Otherwise, it will need work. And since the airline is "dormant", it will need a new futness determination from the DOT.


If you haven't operated at all for more than some amount of time, there is some kind of FAA action needed, no? I thought an operation every 90 days(?) was a requirement.
 
floridaflyboy
Posts: 1604
Joined: Sat Jun 03, 2006 3:26 pm

Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 1:35 pm

Blueballs wrote:
FlyingElvii wrote:
Blueballs wrote:
Wayne heller is a pariah in this industry. Whatever that man has planned is gonna be crooked

Ex-pilot, are you?

Ex republic, still a pilot


I'll second that. Some of the things I saw that man do at YX....wow. Not just to pilots and I'm not a pilot. He's only a "huge name" in the industry because his reputation for shady behavior and poor treatment of employees precedes him.
Good goes around!
 
MO11
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 1:37 pm

DOT authority goes dormant as soon as you cease operations; you would need a fitness review. FAR 119 says that if you haven't flown for 30 days, you have to give FAA 5 days notice to resume operations; the FAA may want to check you out.
 
enplaned
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 2:12 pm

Flightaware shows N825HK operated as recently as two days ago, although without a Via flight number.
 
MO11
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 3:00 pm

enplaned wrote:
Flightaware shows N825HK operated as recently as two days ago, although without a Via flight number.


From Sanford, where it has been parked for more than a year, to Jacksonville, where Avmax, the airplane owner, has a hangar.
 
strfyr51
Posts: 4989
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Re: Wexford Capital Buys Bankrupt Via Airlines

Wed Jul 29, 2020 8:27 pm

FlyingElvii wrote:
FLALEFTY wrote:
There is a covey of semi-derelict, ex-Via EMB-145's rusting away on the hyper-humid ramp of SFB. I guess these can be brought back to life?

VIA only owned one 145 outright, the rest were leased from Avmax.

With that kind of big-money backing, why mess with corrosion corner airplanes? Or even small RJ's?
PLENTY of better aircraft available cheap for the foreseeable future, especially for cash.



If they're trying to relaunch? I might look for a group of either E-170/ E-175's or CRJ-900's to have as near a premium experience as is humanly possible to be somewhat akin to a smaller mid Major experience and not be among the "rabble" if I can possibly help it.
Since they're probably going to be based in Florida at present?
they'll need to stand out with comfortable seating and as roomy a cabin as they can get to cut their own swath. and the larger E-jets can do that with the larger CRJ's complimenting that in the smaller markets, My thought is they'll need to have their Maintenance hub very close or AT their hub of operation as ferry costs Do matter if an airplane goes out of service somewhere. From where the old Via airline was? there's a healthy operating area in that region which is by no means overserved in Frequency from South Florida North to Georgia and the Carolinas, West to New Orleans and Houston. Which are all doable in an E170/ or E175, and a CRJ-700 or-900 aircraft with potential operating hubs in ATL, MSY,CLT, CHS JAX, MCO, MIA,TPA. and IAH. If they manage to tie up a region? Then they can expand on that region until they saturate it. they could interline with everybody coming to that region as not everybody wants or needs their own branded carriers.. So?
As long as they offer a good and reliable service at a fair price? They're almost guaranteed to succeed . Also? they can branch out to the Bahamas and Puerto Rico without going Full ETOPS. and?? When the present administration leaves the white house? Serve Cuba as well. If for No OTHER reason? Than to transport Cuban Cigars OUT!! and bring Car Parts IN! The southeast is a very good region to set up shop. as would be the North Central region based on the old Mississippi Valley Airlines route structure and even the West Based on the old Golden Gate and/or Golden West route structure.
 
drdisque
Posts: 1320
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 10:34 pm

They aren't going to be flying in Florida.

The plan is to take the operation and replace PenAir and RAVN with a proper Part 121 airline with an AS codeshare in Alaska. Equipment type undetermined at this point.
 
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FLALEFTY
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 10:36 pm

MO11 wrote:
enplaned wrote:
Flightaware shows N825HK operated as recently as two days ago, although without a Via flight number.


From Sanford, where it has been parked for more than a year, to Jacksonville, where Avmax, the airplane owner, has a hangar.


I guess Avmax wants to protect their assets? I'll need to take a drive up to SFB and see if the other Avmax E145 is being prepped to fly up to JAX, too. Actually, these two aircraft (N838HK & N841HK) have (had) been stored at SFB since late-May 2018.

The third one at SFB (N802HK, leased from Avolon) has been stored since November 7, 2018.
 
MO11
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Wed Jul 29, 2020 11:47 pm

FLALEFTY wrote:
MO11 wrote:
enplaned wrote:
Flightaware shows N825HK operated as recently as two days ago, although without a Via flight number.


From Sanford, where it has been parked for more than a year, to Jacksonville, where Avmax, the airplane owner, has a hangar.


I guess Avmax wants to protect their assets? I'll need to take a drive up to SFB and see if the other Avmax E145 is being prepped to fly up to JAX, too. Actually, these two aircraft (N838HK & N841HK) have (had) been stored at SFB since late-May 2018.

The third one at SFB (N802HK, leased from Avolon) has been stored since November 7, 2018.


N802HK is owned by Via.
 
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FLALEFTY
Posts: 779
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Re: Wexford Capital Buys Bankrupt Via Airlines, Wayne Heller Appointed CEO

Thu Jul 30, 2020 12:04 am

MO11 wrote:
FLALEFTY wrote:
MO11 wrote:

From Sanford, where it has been parked for more than a year, to Jacksonville, where Avmax, the airplane owner, has a hangar.


I guess Avmax wants to protect their assets? I'll need to take a drive up to SFB and see if the other Avmax E145 is being prepped to fly up to JAX, too. Actually, these two aircraft (N838HK & N841HK) have (had) been stored at SFB since late-May 2018.

The third one at SFB (N802HK, leased from Avolon) has been stored since November 7, 2018.


N802HK is owned by Via.


You are correct.

https://registry.faa.gov/AircraftInquir ... rtxt=802HK

This is what threw me:

https://www.planespotters.net/airframe/ ... nes/e541mg

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