Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major > American
AMR said to be ready to explore sale >

AMR said to be ready to explore sale

Search

Notices

AMR said to be ready to explore sale

Thread Tools
 
Search this Thread
 
Old 05-11-2012, 01:44 PM
  #11  
Banned
 
Joined APC: Jun 2008
Posts: 8,350
Default

Originally Posted by cactiboss
Nah, the creditors got a look at Parker's plan and the $ billions that are backing this deal so they told Horton "There is an easy way or a hard way to do this" He chose the easy way. Of course they now must open bidding to all other interested parties.
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).
eaglefly is offline  
Old 05-11-2012, 01:46 PM
  #12  
Gets Weekends Off
 
Joined APC: Mar 2008
Posts: 853
Default

Originally Posted by eaglefly
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.
US Air doesn't have much code share, but make no mistake; Parker loves outsourcing domestic flying. PSA, PDT, CHQ, RAH, MESA, TSA, SKW, AWAC, and COLGAN are all regional partners of US Airways.
fullflank is offline  
Old 05-11-2012, 01:48 PM
  #13  
Banned
 
Joined APC: Jun 2008
Posts: 8,350
Default

Originally Posted by acl65pilot
Parker offered at least 2bln more in employee costs without a significant change in the business plan. A few of the creditors are on board, but it is far from a done deal. He will have to make a very compelling case going forward.
Perhaps, but what is the value of employees who are "on board" ?

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 ?
eaglefly is offline  
Old 05-11-2012, 01:52 PM
  #14  
Banned
 
Joined APC: Jun 2008
Posts: 8,350
Default

Originally Posted by fullflank
US Air doesn't have much code share, but make no mistake; Parker loves outsourcing domestic flying. PSA, PDT, CHQ, RAH, MESA, TSA, SKW, AWAC, and COLGAN are all regional partners of US Airways.
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.
eaglefly is offline  
Old 05-11-2012, 02:27 PM
  #15  
Gets Weekends Off
 
Joined APC: Nov 2011
Posts: 262
Default

Originally Posted by eaglefly
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 much of US's mx is outsource?

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.
Tomahawk58 is offline  
Old 05-11-2012, 02:33 PM
  #16  
Gets Weekends Off
 
Joined APC: Sep 2007
Posts: 1,238
Default

I wonder if SWA will jump at the chance to get all those new 737s American has been getting.
PilotFrog is offline  
Old 05-11-2012, 03:13 PM
  #17  
Gets Weekends Off
 
Joined APC: Nov 2011
Posts: 262
Default

Originally Posted by eaglefly
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.
Most here may not have access to the term sheet signed by Scott Kirby and APA's Captain Bates but it 's not that rosy and in a lot of cases way more onerous than the deal the APA refused to send to the membership. I can't seem to post the pdf but highlights include:

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.
Tomahawk58 is offline  
Old 05-11-2012, 05:28 PM
  #18  
Banned
 
Joined APC: Apr 2008
Posts: 3,240
Default

Originally Posted by acl65pilot
Parker offered at least 2bln more in employee costs without a significant change in the business plan. A few of the creditors are on board, but it is far from a done deal. He will have to make a very compelling case going forward.
Yeah, I guess merging becoming the biggest airline and eliminating a competitor is not much different.
cactiboss is offline  
Old 05-11-2012, 05:29 PM
  #19  
Banned
 
Joined APC: Apr 2008
Posts: 3,240
Default

Originally Posted by eaglefly
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).
Did you miss the fact the creditors and amr management voluntarily decided to look at a merger as part of the plan? No court intervention needed.
cactiboss is offline  
Old 05-11-2012, 05:48 PM
  #20  
Gets Weekends Off
 
Joined APC: Jan 2008
Posts: 533
Default

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.
Clear Right is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
satpak77
Major
60
03-20-2011 01:57 PM
AAflyer
Major
4
07-17-2008 05:12 AM
FlyerJosh
Flight Schools and Training
2
11-01-2005 06:11 PM
RockBottom
Regional
0
08-17-2005 12:02 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices