Atlas to be sold? Hmmm...
08-04-2022, 08:04 AM
#81
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,633
I’m not sure. Why didn’t they purchase Titan then? Purchasing an airline with 767/747s with an average airframe age of 20+ years is very short sighted if you’re thinking of turning it into aircraft leasing. The value of Atlas Air as we know has tripled since the pandemic, so I just don’t see such a large bid for it to turn it away from what it actually does right. Time will tell
08-04-2022, 08:26 AM
#82
Gets Weekends Off
Joined APC: Oct 2018
Posts: 300
08-04-2022, 08:52 AM
#83
All is fine at .79
Joined APC: Sep 2016
Position: Paahlot
Posts: 4,225
08-04-2022, 08:55 AM
#84
Gets Weekends Off
Joined APC: Sep 2015
Posts: 666
08-04-2022, 09:30 AM
#86
Gets Weekends Off
Joined APC: Oct 2018
Posts: 300
Given our track record, it’s easy to look at things more as a pessimist than an optimist. Think like an investor; someone has seen Atlas Air’s potential as a cash cow and has moved quick to undertake it. I still stand by my opinion that no one really wants to add aging fleets to their portfolio, so the idea that we will become a leasing arm just doesn’t hold much logic. As someone previously mentioned; there is no executive round table to please every quarter anymore.
We can’t compare Jetblue to Atlas, but Spirit is the cash cow, with plenty of new birds on order and a very large market share. The plan (at least in JetBlue’s eyes) is to introduce a 4th major airline with an improved product (all subject to final approval of course).
I hope for all of us, we go that direction.
We can’t compare Jetblue to Atlas, but Spirit is the cash cow, with plenty of new birds on order and a very large market share. The plan (at least in JetBlue’s eyes) is to introduce a 4th major airline with an improved product (all subject to final approval of course).
I hope for all of us, we go that direction.
08-04-2022, 09:57 AM
#87
Line Holder
Joined APC: Dec 2007
Position: B744/8 CA at Atlas
Posts: 83
I’m not sure. Why didn’t they purchase Titan then? Purchasing an airline with 767/747s with an average airframe age of 20+ years is very short sighted if you’re thinking of turning it into aircraft leasing. The value of Atlas Air as we know has tripled since the pandemic, so I just don’t see such a large bid for it to turn it away from what it actually does right. Time will tell
08-04-2022, 01:26 PM
#90
On Reserve
Joined APC: Jul 2007
Posts: 14
From a Hill City Capital insider:
The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.
The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.
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