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Old 07-12-2009, 12:44 PM
  #11  
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Originally Posted by CaptCoolHand
Wasn't FEDEX buying every 75 on sale sight unseen for a time? Sound too cheap to be true.
Not exactly. As of 5 mins ago there were 14 757's available on Boeing's website.

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Old 07-12-2009, 01:19 PM
  #12  
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Originally Posted by Justdoinmyjob
I've got a 757/767 type rating and I wouldn't touch it for less than $100.00/hr as an FO. If they have a type, they know how much they are worth. It's the youngsters who have no idea what they should be paid who go for the cheap wages.
Good on you, but that makes no difference to them. Even if they paid $60/hr and paid 880 hrs/yr - they could spend $30,000 a pop on each hire's training (should have no problem finding 3rd party organizations to train up some rated pilots for less than that in today's economy) and still be ahead in the first year.

Unfortunately, airlines pay what they can, not what you are worth.
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Old 07-12-2009, 02:11 PM
  #13  
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Originally Posted by johnso29
$8 Million a piece? I have a hard time believing that. Maybe for a MD90, but not for a 757.

Doesn't seem to fit Allegiants business plan either.
I'm in the same boat as you....maybe they forgot to add the "Zero" after the "8"

If they got them for $8 million a pop, I guess there's nothing that a few rolls of 'speed tape' can't take care of.

Stranger things have happened.
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Old 07-12-2009, 02:54 PM
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Originally Posted by Bryan1726
Does anybody have any other information about this? I was told they bought 6 757's from Thomson in the U.K. and that the airplanes are sitting at I believe Goodyear in Arizona. The price tag on each 75 was estimated at around $8 million. Seeing how Allegiant is a public company the purchases would have to made public as well, but if the CEO bought them and put them in his name and not the company then he could keep it a "secret" or atleast try. Another rumore in this ongoing "mystery, if you will" is that they are planning on keeping the 75's seprate from Allegiant in other words flying them under another name. Lots of twist and turns in this story but if you have something to add please do so im all ears.

Doesn't sound right. Maybe 8 million for an engine....

I'm from Missouri....
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Old 07-12-2009, 03:05 PM
  #15  
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I could believe $8M for a 757, maybe the engines are on lease and thus the lower hull cost. There is a 767-300ER for sale at $12M right now. I think those ex-TWA 757-200ERs in VIP configurations were going for $16M a few months to a year ago.

Hell, still blows my mind to see $37M printed asking prices for 2004-2005 G550s. Two years ago you got a premium over new prices for used G550s in the range of $60M and there were few to be had.

Seems to me when it comes to airplanes you pay near the same to operate it. If its new your rent is really high but your maintenance is low and if its old your rent is low but your maintenance and maintenance related headaches are high.
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Old 07-12-2009, 03:24 PM
  #16  
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Old 07-12-2009, 04:27 PM
  #17  
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Originally Posted by Justdoinmyjob
I've got a 757/767 type rating and I wouldn't touch it for less than $100.00/hr as an FO. If they have a type, they know how much they are worth. It's the youngsters who have no idea what they should be paid who go for the cheap wages.
Originally Posted by LivingInMEM
Good on you, but that makes no difference to them. Even if they paid $60/hr and paid 880 hrs/yr - they could spend $30,000 a pop on each hire's training (should have no problem finding 3rd party organizations to train up some rated pilots for less than that in today's economy) and still be ahead in the first year.

Unfortunately, airlines pay what they can, not what you are worth.
I'm not quite sure how an experienced pilot can better determine his "worth" over a youngster, or how you can think that a pilot is "worth" more than what an airline will pay??

My understanding of what a pilot is worth is as simple as finding employment at an airline, that will compensate you the most. If a pilot is unwilling to fly an airplane for the offered rate, then that job is not "worth" it to the pilot.... not the other way around, as in "I'm worth more than that". Because the truth is, you're not worth more than that. If you were, then they would pay it. Experience doesn't mean much in this industry (overseas flying can offer a little more for your experience, but.. well, it's overseas). Luck, timing and the company's success are bigger factors than experience in this industry. Everyone, after a few years, has all the experience they need to get hired at most airlines... just hope you pick the right one.
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Old 07-12-2009, 04:30 PM
  #18  
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Originally Posted by Justdoinmyjob
I've got a 757/767 type rating and I wouldn't touch it for less than $100.00/hr as an FO. If they have a type, they know how much they are worth. It's the youngsters who have no idea what they should be paid who go for the cheap wages.
Not defending their rates, but I guess you'd never work at USAir and have to wait for several years at the rest of the majors to break $100/hr
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Old 07-12-2009, 04:58 PM
  #19  
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Originally Posted by CaptCoolHand
Wasn't FEDEX buying every 75 on sale sight unseen for a time? Sound too cheap to be true.
FedEx only bought/leased/reserved (84) 757s, for conversion to cargo freighters. I believe they already have 10-15 in service. Boeing built over 1070 757s.

If Allegiant wants to fly ETOPS, then it will take 6 months and many, many proving runs to get approval.
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Old 07-12-2009, 06:00 PM
  #20  
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Originally Posted by B757200ER
FedEx only bought/leased/reserved (84) 757s, for conversion to cargo freighters. I believe they already have 10-15 in service. Boeing built over 1070 757s.

If Allegiant wants to fly ETOPS, then it will take 6 months and many, many proving runs to get approval.
The training and qualifications for mechanics and the maintenance program for ETOPS takes awhile.
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