Comair updates?
07-02-2010, 05:34 AM
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07-02-2010, 08:53 AM
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I did say STRONG RUMORS, and they were from people in "the know". After yesterday's announcement, rumors have quite down a little. The consensus is, "let's give this time". Basically nobody knows what is going on. If anyone in HQ knew about the fire sale, it never got out. Which means if they knew, only one or two people had that knowledge. I for one, think this might be a good thing for Comair. Being a high cost operation possibly prevented DL from selling Comair, which to me means one of two things. 1) They're finally going to get serious about lowering our cost (i.e. try to get the senior people out via buy-outs, etc), and 2) If they can't do so (lower our operational cost), they can't get rid of us which brings a whole new set of possibilities.
Evil, I wish I could be as positive as you!
I too, get the impression that no one saw this coming. However, I don't see this as a good thing for Comair. From the press release I gather that we were unsellable because of our high cost structure (Delta even financed the Mesaba and Compass deal).
My question, is why can't the get they get rid of us all together?
--sorry for being such a pessimist, and with that said, I really really hope I am dead wrong.
07-02-2010, 09:50 AM
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07-02-2010, 10:43 AM
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It doesn't make sense at all. Delta sold both for dirt cheap. Why wouldn't comair be sold for cheap like that? You guys really think nobody would spend 20 million to get the 70s/90s? They won't sell comair yet they will dismantle them and make nothing? I bet comair is sold.
Is management really that stupid to dismantle something they paid 2 billion for? Anything is possible and I don't think it would surprise anybody but its crazy.
Is management really that stupid to dismantle something they paid 2 billion for? Anything is possible and I don't think it would surprise anybody but its crazy.
(I hear it's on the sodomy channel, a new channel started by corporate America, hmmmmmm.)
07-02-2010, 11:19 AM
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I did say STRONG RUMORS, and they were from people in "the know". After yesterday's announcement, rumors have quite down a little. The consensus is, "let's give this time". Basically nobody knows what is going on. If anyone in HQ knew about the fire sale, it never got out. Which means if they knew, only one or two people had that knowledge. I for one, think this might be a good thing for Comair. Being a high cost operation possibly prevented DL from selling Comair, which to me means one of two things. 1) They're finally going to get serious about lowering our cost (i.e. try to get the senior people out via buy-outs, etc), and 2) If they can't do so (lower our operational cost), they can't get rid of us which brings a whole new set of possibilities.
There will never be a serious buyout of senior guys. DAL is not going to reward the very people that were the ones behind the 01 strike. If that song and dance were to happen it would have happend years ago.
I see DAL not being able to sell OH for what they want, and deciding to continue to operate it as cheaply as they can. IE no additional airframes added for several years until the labor cost finally goes down.
07-02-2010, 11:40 AM
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This might answer a lot of questions...
The sale leaves only a single owned regional, Comair, at Delta. Based at Delta’s diminishing hub at Cincinnati, the future of Comair has been an open question for some time. It has not been seen as a good acquisition target by other regionals owing to its union problems and costs.
http://www.centreforaviation.com/new...-compass/page1
The sale leaves only a single owned regional, Comair, at Delta. Based at Delta’s diminishing hub at Cincinnati, the future of Comair has been an open question for some time. It has not been seen as a good acquisition target by other regionals owing to its union problems and costs.
http://www.centreforaviation.com/new...-compass/page1
07-02-2010, 06:50 PM
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a gut feeling...
Delta preferred to offload all wholly owned regionals.. nobody wanted Comair. After the dust settles.. in the Fall they will dismantle Comair. I think Trail may be right.
Gotta get busy and travel more this Summer!
Delta preferred to offload all wholly owned regionals.. nobody wanted Comair. After the dust settles.. in the Fall they will dismantle Comair. I think Trail may be right.
Gotta get busy and travel more this Summer!
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