Any "Latest & Greatest" about Delta?
01-29-2010, 12:58 PM
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,016
ILFC was a powerhouse that was too large to spin off, nobody had the money to buy it. But, it along with AIGCS, Commercial P&C, Life and Personal Lines was a profitable concern which could have easily survived after the Financial Products division was allowed to go bankrupt and default.
The government has taken a near Trillion dollar company, invested 180 Billion Dollars (plus) and by removing any incentive to succeed created a black hole which now prices it's products so low as to be a threat to force other legitimate insurers into insolvency.
At this point ILFC should be spun off (it now is not nearly as valuable as it was) and the balance should be paid back to the US Treasury.
For Doug Steenland, this is yet another gift. AIG rewards incompetence (and competence) very generously.
For aircraft buyers, expect the government to enter the market that AIG / ILFC vacated, bt at even easier terms during election cycles.
Originally Posted by Washington Post
O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.
O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.
O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.
01-29-2010, 12:59 PM
Underboob King
Joined APC: May 2005
Position: Guppy Commander
Posts: 4,412
Don't have any clue. Barring any significant structural change the trigger is the US Unemployment numbers. For people to purchase our service, they need jobs. I figure we have to see an improvement of 1 to 2% for a turn around and 4% to see any significant growth / restoration.
One aspect of this displacement was getting people in position to furlough and we must admit, the timing of displacements, training, seasonal flying adjustments and DC9 retirements are uncanny.
J MHO.
One aspect of this displacement was getting people in position to furlough and we must admit, the timing of displacements, training, seasonal flying adjustments and DC9 retirements are uncanny.
J MHO.
01-29-2010, 01:05 PM
Gets Weekends Off
Joined APC: Nov 2009
Position: 764 FO
Posts: 228
Just heard back from Crew Planning, the revised training/conversions are "set in Jello" Network still tweaking the summer schedule. They will know better by April.
01-29-2010, 01:07 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
The names have been changed to protect the teacher, the actual names are Slow, Bar, ACL, Carl, etc. I knew this would happen.
Keep writing gentleman, we're all learning a lot by this back and forth and personally grateful. Also, I'm entertained by the fact that the smartest guys on the block know how to spel the best.
01-29-2010, 01:10 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
based on his accumulated credit in a bid period and his CROC days in a bid period. A
reserve pilot’s RAW is used to sequence him for assignment to open time. Such value
will be calculated using the following formula, rounded to the nearest integer:
Reserve assignment weighting = [(A ÷ C) x 75] + [(B ÷ D) x 100], where:
A = the reserve pilot’s credit hours accumulated in the bid period plus prorated credit
hours associated with his period of unpaid absence and/or vacation and/or training
(other than qualification or distributed training), if any. The number of prorated
hours associated with his period of unpaid absence and/or vacation and/or training
(other than qualification or distributed training) will be determined by multiplying the
number of days of his unpaid absence and/or vacation and/or training (other than
qualification or distributed training) by the reserve guarantee and then dividing that
product by 30 or 31 (days of the bid period).
B = the reserve pilot’s CROC days plus prorated CROC days associated with his period
of absence other than sick leave, if any (e.g., vacation, training, MLOA, PLOA). The
number of prorated CROC days associated with his period of absence other than sick
leave will be determined by multiplying the number of days of his absence by 18 (oncall
days per bid period) and then dividing that product by 30 or 31 (days of the bid
period).
C = the reserve guarantee.
D = number of on-call days in a full month of reserve.
209. “Reserve day” means a day on which a reserve pilot is scheduled
If you really wanted to know here it is from Section 2: Definitions of the PWA........
01-29-2010, 01:13 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
The names have been changed to protect the teacher, the actual names are Slow, Bar, ACL, Carl, etc. I knew this would happen.
Keep writing gentleman, we're all learning a lot by this back and forth and personally grateful. Also, I'm entertained by the fact that the smartest guys on the block know how to spel the best.
One of my favorites! After I got hired at DL, over the span of 5 months I went from the CRJ to the MD-88 to the 75/76. I felt like that guy at hte end of it all.
01-29-2010, 01:15 PM
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,016
01-29-2010, 01:18 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
01-29-2010, 01:20 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
01-29-2010, 01:22 PM
Gets Weekends Off
Joined APC: Mar 2008
Posts: 3,865
Bah, Not worth it....
Lets just press on...
Nu
Lets just press on...
Nu
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