AMR said to be ready to explore sale
#11
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Well, for that to happen the majority of the creditors must formally request that from the court and the judge must approve. I don't see that yet, only a statement (actually someone squealed that shouldn't have .....theoretically) that Horton is now open to that earlier then planned (previously prior to C11 exit and now prior to exclusivity extention).
#12
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Joined APC: Mar 2008
Posts: 853
E-190's fly at mainline at U. Additionally, Parker isn't as intoxicated on the thought of outsourcing the majority of the domestic brand product to Jet Blue, Alaska and especially regional carriers. I see a MAJOR difference in philospohy on that issue between the two managments.
#13
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In the past, Parker has said his biggest mistake was in failing to understand that and for him to simply continue the AA mess and add it to his mess without any resolution to that reality would only seem to ensure he's learned nothing and likley WOULD end up back in trouble in a few years (which the creditors surely wouldn't want).
Economic changes are needed and realistic one at that and the best plan for all is a solid foundation for which to rebuild and I can't think of any more important aspect of that, then supportive employees.
Southwest has figuered that out and AMR apparently refuses to, so perhaps Parker will learn form the past ?
#14
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AMR's 1113 is a melting candle from both ends........decimation of the fleet and jobs/advancement and peanuts for those who survive. The survivors will be swimming uphill in peanut butter to boot.
#15
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E-190's fly at mainline at U. Additionally, Parker isn't as intoxicated on the thought of outsourcing the majority of the domestic brand product to Jet Blue, Alaska and especially regional carriers. I see a MAJOR difference in philospohy on that issue between the two managments.
How many airports in the US system are contracted out?
This is about more than just us pilots, as hard as that is to believe from what you read here.
#17
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Joined APC: Nov 2011
Posts: 262
I think that's going to change and be streamlined. Yes, regional feeders and larger RJ's will be a part of the plan, but my guess (and hope) is that will be little more then now and limited to mid-sized RJ's in the 70-seat range with a significant reinvestment in smaller mainline domestic ops especially with VERY competitive (but not obscene) compensation.
AMR's 1113 is a melting candle from both ends........decimation of the fleet and jobs/advancement and peanuts for those who survive. The survivors will be swimming uphill in peanut butter to boot.
AMR's 1113 is a melting candle from both ends........decimation of the fleet and jobs/advancement and peanuts for those who survive. The survivors will be swimming uphill in peanut butter to boot.
1. 6 year contract
2. 5 pay bands rates from $110.65/hr for grp 1 to $204.81 for grp 5.
3. 3 percent pay increases for DOS thru DOS+5yr. (some offsetting if cost concession not attained). lower raises if cost offset not attained.
4. No profit sharing if APA agrees to an additional 2.5 percent increase on DOS.
5. Prension - A-fund frozen, DC plan 14 percent
6. Cost Concessions - avg of $240 million/per year over 6 years.
7. Job Protection - Only for AA pilot on seniority list at DOS. US will ATTEMPT to negotiate furlough protection for US pilots. There's more to this than meet the eye!
8. PBS
9. Scope - outsource 81 seats or less. The devil"s in the details here and it worth a read. Not nearly as pretty as some make it out to be.
10. Sup CC - SLT can be closed solely at US's(new AA) discretion.
There is of course way more in the details than I've captured.
This forum has been high on emotion and very short on facts. I suggest both sides get a copy of the term sheet and have a clear understanding of it's implications going forward.
Last edited by Tomahawk58; 05-11-2012 at 03:38 PM.
#18
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Joined APC: Apr 2008
Posts: 3,240
Yeah, I guess merging becoming the biggest airline and eliminating a competitor is not much different.
#19
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Joined APC: Apr 2008
Posts: 3,240
Well, for that to happen the majority of the creditors must formally request that from the court and the judge must approve. I don't see that yet, only a statement (actually someone squealed that shouldn't have .....theoretically) that Horton is now open to that earlier then planned (previously prior to C11 exit and now prior to exclusivity extention).
#20
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Joined APC: Jan 2008
Posts: 533
Reuters..."This just in JetBlue and TPG to buy AMR."
I'm kidding, kidding, just wanted to add some humor on a Friday night. Besides, now Gloopy can tell me about the demise of JetBlue and Alaska as DAL purchases Alaska and the new AMR/US Air purchases JetBlue in the next 5 years.
All in good fun, keep life in perspective enjoy some time with your family and best of luck to AMR and US Air pilots.
I'm kidding, kidding, just wanted to add some humor on a Friday night. Besides, now Gloopy can tell me about the demise of JetBlue and Alaska as DAL purchases Alaska and the new AMR/US Air purchases JetBlue in the next 5 years.
All in good fun, keep life in perspective enjoy some time with your family and best of luck to AMR and US Air pilots.
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