Any "Latest & Greatest" about Delta?
AE closes in 2 days. Any predictions how junior the different bases/seats will go? Other than the conversion on the 767 in SLC, the only other movement I see is with the 747 in the Motor City.
Gets Weekends Off
Joined APC: Dec 2009
Position: Capt
Posts: 2,049
Well, that is what the AE announcement said isn't it? This one will be boring
When you have vacancies at the very top of the food chain, it's usually a good sign that there will be movement throughout the list. Just because a vacancy isn't listed on the AE, doesn't mean that a vacancy won't be created by upward movement. There will be many available positions not shown on the AE. Bid what you want, want what you bid.
Also, I think people are now realizing they can move around the system without any problem, training is fine whether it's North or South, so why commute halfway across the country.
Sucks. After this past summer in ATL I wouldn't mind moving north... as in TN or KY.
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C-Series
(P&W President Hess) said he was disappointed at the surprisingly low number of orders for Bombardier's C-Series aircraft for which Pratt provides the engine.
Orders for the aircraft, which competes with Boeing's 737 and the A320 in the 100- to 149-seat segment, so far have failed to live up to expectations, totaling only about 90.
Bombardier blamed a lack of orders for the plane at the Farnborough Air Show in July on issues related to a support plan for the engine. At the Reuters summit, Hess shrugged off the complaint, calling it a "misunderstanding."
He said he expects more C-Series orders to be announced soon.
"I think they are important orders," Hess said.
Pratt: Firms may differ on re-engining | Reuters
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DAL Debt
Delta Air Lines Inc. (DAL) announced a somewhat tempered preliminary response to its offer to repurchase $300 million of debt.
A wide host of companies are using improved results and the ability to borrow at near-record-low interest rates to refinance debt, which generally carries higher rates. Delta returned to the black in the latest quarter as it saw a better rate environment amid a broad industry recovery.
The first part of the offer, which was announced last month, was to repurchase three series of pass-through certificates from Northwest Airlines, which Delta acquired in 2008. There were $339.6 million of those notes outstanding and through Friday, about $99 million was validly tendered. Including an early tender premium, the offer ranged from 6% below to 5% above face value.
Delta had said if not all of the $300 million allocated to the buyback was used through repurchasing tender notes from those three series, holders of a 2007 series of Delta pass-through certificates and 11.75% senior second-lien notes that mature in 2015 would be able to tender through a Dutch auction. On that auction's two series of debt, which has $726.7 million outstanding, about $359 million was tendered. The auction's ranges go from 1.3% to 14% above face value.
The tender offers expire at 11:59 p.m. EDT on Sept. 24 unless extended or earlier terminated.
Delta's shares were recently up 2.37% to $10.79 amid a broad market rally, especially for airlines.
---
C-Series
(P&W President Hess) said he was disappointed at the surprisingly low number of orders for Bombardier's C-Series aircraft for which Pratt provides the engine.
Orders for the aircraft, which competes with Boeing's 737 and the A320 in the 100- to 149-seat segment, so far have failed to live up to expectations, totaling only about 90.
Bombardier blamed a lack of orders for the plane at the Farnborough Air Show in July on issues related to a support plan for the engine. At the Reuters summit, Hess shrugged off the complaint, calling it a "misunderstanding."
He said he expects more C-Series orders to be announced soon.
"I think they are important orders," Hess said.
Pratt: Firms may differ on re-engining | Reuters
---
DAL Debt
Delta Air Lines Inc. (DAL) announced a somewhat tempered preliminary response to its offer to repurchase $300 million of debt.
A wide host of companies are using improved results and the ability to borrow at near-record-low interest rates to refinance debt, which generally carries higher rates. Delta returned to the black in the latest quarter as it saw a better rate environment amid a broad industry recovery.
The first part of the offer, which was announced last month, was to repurchase three series of pass-through certificates from Northwest Airlines, which Delta acquired in 2008. There were $339.6 million of those notes outstanding and through Friday, about $99 million was validly tendered. Including an early tender premium, the offer ranged from 6% below to 5% above face value.
Delta had said if not all of the $300 million allocated to the buyback was used through repurchasing tender notes from those three series, holders of a 2007 series of Delta pass-through certificates and 11.75% senior second-lien notes that mature in 2015 would be able to tender through a Dutch auction. On that auction's two series of debt, which has $726.7 million outstanding, about $359 million was tendered. The auction's ranges go from 1.3% to 14% above face value.
The tender offers expire at 11:59 p.m. EDT on Sept. 24 unless extended or earlier terminated.
Delta's shares were recently up 2.37% to $10.79 amid a broad market rally, especially for airlines.
I don't think it will happen any time soon. It's political - during the merger, the company said they weren't going to close any bases.
Now, we may make CVG smaller, remove equipment, and downsize, but "it's still a hub".
Now, we may make CVG smaller, remove equipment, and downsize, but "it's still a hub".
Gets Weekends Off
Joined APC: Jun 2009
Posts: 5,113
I think it will be surprising what people could hold. For example, in Jan I was 1000 numbers from holding DTW on my current equipment. In May, with the big airplanes on the AE, I held DTW on the same equipment.
Also, I think people are now realizing they can move around the system without any problem, training is fine whether it's North or South, so why commute halfway across the country.
Also, I think people are now realizing they can move around the system without any problem, training is fine whether it's North or South, so why commute halfway across the country.
The company has proven remarkably creative at keeping movements down by selectively not backfilling certain categories in the case of AE's, or by carrying a little extra when there are displacements.
What I think we'll see happen in the short-term is that the combined list will look a little more like the NW list looked pre-merger: more stratified. Most everyone will cash in their seniority to get the biggest aircraft they can get. Overall, junior people will tend to be more senior on smaller equipment, rather than more junior on bigger equipment.
So I think the sruprise will be how un-surprising the results end up: the people trying to get somewhere they can hold comfortably will be happy (no surprise), the people dreaming on making a big move to something they can't really hold will be disappointed, and the people barley hanging on to something that's a little above their level will get booted.
There is no catalyst in this AE for really positive surprises, IMHO.
Gets Weekends Off
Joined APC: Jan 2007
Position: 7ERA
Posts: 1,232
There won't be much movement on this bid. I suspect there will not be a lot of backfilling of vacancies. Not heading into the winter season. Salt Lake City will end up much more senior. I predict only about 60 of the currrent SLC 767 captains will end up SLC 7ER captains.
Gets Weekends Off
Joined APC: Sep 2006
Posts: 1,233
Panic mode selector - ON for Delta West.
Just heard from a friend who's friend has a buddy in crew resources.
The intel is - the way people are bidding half of the current SLC767 drivers in both cats will not be able to hold SLC7ER.
Just heard from a friend who's friend has a buddy in crew resources.
The intel is - the way people are bidding half of the current SLC767 drivers in both cats will not be able to hold SLC7ER.
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