News thread
09-22-2023, 01:56 PM
#212
Gets Weekends Off
Joined APC: Nov 2022
Position: A320 FO
Posts: 295
Correct? Still don’t understand how Biffle gets to keep his job.
Maybe this is why the latest contract negotiations were about security for the pilot group in case of fragmentation.
09-22-2023, 02:22 PM
#213
Gets Weekends Off
Joined APC: Jun 2021
Position: Joystick Operator
Posts: 886
09-22-2023, 11:58 PM
#215
Gets Weekends Off
Joined APC: Mar 2021
Posts: 1,315
Ch 11 bankruptcy comes from an inability to pay creditors. it is basically a payment-plan with the court as the overlord
stock de-listing comes from not meeting minimum stock prices over a set time frame.
Ch 7 liquidation is when the only way to pay creditors is via sale of physical assets, usually only after Ch 11 was attempted
stock de-listing comes from not meeting minimum stock prices over a set time frame.
Ch 7 liquidation is when the only way to pay creditors is via sale of physical assets, usually only after Ch 11 was attempted
09-23-2023, 08:10 AM
#216
Gets Everyday Off
Joined APC: Aug 2016
Position: Fully Retired
Posts: 7,000
Ch 11 bankruptcy comes from an inability to pay creditors. it is basically a payment-plan with the court as the overlord
stock de-listing comes from not meeting minimum stock prices over a set time frame.
Ch 7 liquidation is when the only way to pay creditors is via sale of physical assets, usually only after Ch 11 was attempted
stock de-listing comes from not meeting minimum stock prices over a set time frame.
Ch 7 liquidation is when the only way to pay creditors is via sale of physical assets, usually only after Ch 11 was attempted
Chapter 11 is reorganize your debts (and sometimes your union contracts) and continuing as an ongoing business.
Chapter 7 is dividing up the assets to pay off the creditors as best they can (May be pennies on the dollar) and going out of business.
09-23-2023, 01:01 PM
#217
Gets Weekends Off
Joined APC: Mar 2021
Posts: 1,315
Stated in layman’s terms.
Chapter 11 is reorganize your debts (and sometimes your union contracts) and continuing as an ongoing business.
Chapter 7 is dividing up the assets to pay off the creditors as best they can (May be pennies on the dollar) and going out of business.
Chapter 11 is reorganize your debts (and sometimes your union contracts) and continuing as an ongoing business.
Chapter 7 is dividing up the assets to pay off the creditors as best they can (May be pennies on the dollar) and going out of business.
09-25-2023, 05:55 PM
#218
Gets Weekends Off
Joined APC: Feb 2014
Position: Lineholder
Posts: 1,425
Hardly.
Keep in mind that Indigo still owns the company (the stockholders only owe a portion). Purchasing stock is a crapshoot - if a stock goes to zero then the stockholders just lose out. Nothing else - there is absolutely NO requirement for the company to repay. Indigo essentially received a "grant" for the US taxpayers.
It wouldn't surprise me if Indigo is "tanking" on purpose to drive down the price.
Keep in mind that Indigo still owns the company (the stockholders only owe a portion). Purchasing stock is a crapshoot - if a stock goes to zero then the stockholders just lose out. Nothing else - there is absolutely NO requirement for the company to repay. Indigo essentially received a "grant" for the US taxpayers.
It wouldn't surprise me if Indigo is "tanking" on purpose to drive down the price.
09-25-2023, 07:12 PM
#219
Gets Weekends Off
Joined APC: Aug 2008
Position: Swing that gear
Posts: 354
“Tanking” on purpose…. Sorry but that’s a hard no.
The bulk of BB’s pay is in company stock. Realistically he took about a 50% pay cut in the last 3-4 months. People want to over analyze when he sells a bunch of stock but that’s just how he is paid.
https://skift.com/2022/06/23/the-hig...-airline-ceos/
The bulk of BB’s pay is in company stock. Realistically he took about a 50% pay cut in the last 3-4 months. People want to over analyze when he sells a bunch of stock but that’s just how he is paid.
https://skift.com/2022/06/23/the-hig...-airline-ceos/
09-25-2023, 09:53 PM
#220
Line Holder
Joined APC: Apr 2023
Posts: 92
People want to over analyze when he sells a bunch of stock but that’s just how he is paid.
https://skift.com/2022/06/23/the-hig...-airline-ceos/
https://skift.com/2022/06/23/the-hig...-airline-ceos/
F9 will lead the US market in 2 years time. Just wait for aero's and spoold's spin on how this is an advantage of the ULCC model. ULCC will become world overlords, and aero and spoold will laugh about how right they were. Recession means ULCC does well.... rihgt? rIgHt? RIGHT?
it's obviously the infallible business model....
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