RE franchise
Hi there, does anyone have any info on the franchise agreement between RE and EI in terms of how the commercial terms of the relationship works? I'm aware that RE perform the operational elements of the flights, but how does each party benefit and who controls the route selection and yield management- do EI retain a percentage of the revenue received from sales of each seat before passing the remainder to RE, or do EI effectively charter the ATR's off RE, paying them a set fee regardless of pax or yield?
Also, any further insight into the rumours of an additional short haul cabin class/ fare class being added to the product offering?