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11-15-2011, 05:53 PM

#4251

stbloc

Gets Weekends Off

Joined APC: Dec 2007

Posts: 618

Quote:

Originally Posted by Wingtips

It does not work like that, when you go BK that money becomes the courts and is used towards debt and the restructuring, the court if they wanted to could put it toward pensions. Also top management is going to lose a lot in bk.

Of course they take the money. The creditors are the one the one that can force the liquidation. If their is no money or assets they will motion for liquidation. The creditors will drive the future when they go into BK. Obviously the judge makes the final say. The courts will side with the creditors. If the creditors want liquidation and the judge feels nothing is left then AMR is done. Bottom line is you need some cash or assets to sell or your done.

The judge using the cash to fund the pension over the creditors, bond holders, and share holder? You smoking crack?

Top Management? Right why do you think they keep delaying the inevitable.

11-15-2011, 06:56 PM

#4252

Wingtips

Gets Weekends Off

Joined APC: Feb 2011

Posts: 820

big airlines dont go out of business, they shrink till someone buys them and shakes off most the debt in the buy out...

11-15-2011, 08:48 PM

#4253

andreas500

Line Holder

Joined APC: Sep 2011

Posts: 99

Financial Times online:

“The absence of progress this week in contract talks between AMR management and the Allied Pilots Association raises the risk that American Airlines will be forced into a Chapter 11 bankruptcy filing,” Bill Warlick, a senior director with Fitch Ratings, wrote on Tuesday.

“While AMR’s liquidity position is adequate to allow the company to avoid a bankruptcy filing in the short run, we regard the achievement of competitive pilot wage and benefit levels as key to American’s long-term survival,” Mr Warlick added.

Link to full article:
American Airlines in new approach to pilots - FT.com

11-16-2011, 06:26 AM

#4254

Wingtips

Gets Weekends Off

Joined APC: Feb 2011

Posts: 820

sounds like they are trying to push the pilots to agree to something they do not want to me, pulling a chicken little, the pilots alone can not cause a BK, their cost is a TON less fluid than fuel.

11-17-2011, 05:15 PM

#4255

G5inmind

Gets Weekends Off

Joined APC: Sep 2011

Position: Gulfstream

Posts: 115

If I start class on Dec. 5 when would I get my first paycheck. The 31st or something like that. It sucks they don't pay you at the RJ course. But I'm glad I got an offer!!!

11-17-2011, 05:31 PM

#4256

G5inmind

Gets Weekends Off

Joined APC: Sep 2011

Position: Gulfstream

Posts: 115

Quote:

Originally Posted by RJ Pilot

Really? Lucky you got hired with what? 800hrs?

I knew someone would make a comment instead of answering the question. I got 800 so what is your point. I'm lost so you would rather 800 hr pilots not come to the airlines.

11-17-2011, 05:49 PM

#4257

What

Underpaid...

Joined APC: Nov 2010

Position: French-Canadian

Posts: 2,101

Quote:

Originally Posted by G5inmind

If I start class on Dec. 5 when would I get my first paycheck. The 31st or something like that. It sucks they don't pay you at the RJ course. But I'm glad I got an offer!!!

Be glad they pay for the RJ course, it's for your benefit. Anyway you will get paid on the 15th of Dec. It will be by check, mailed to your home address and from then on you will get direct deposit. Let me give you a piece of advice, leave all these little comments at home when you board the AA airplane on December the 4th this will also be for your benefit.

11-17-2011, 06:19 PM

#4258

Atlantic

On Reserve

Joined APC: Jan 2010

Posts: 16

Quote:

Originally Posted by G5inmind

If I start class on Dec. 5 when would I get my first paycheck. The 31st or something like that. It sucks they don't pay you at the RJ course. But I'm glad I got an offer!!!

Consider saving some of that pay, just in case you have to pay the tax on your 'free' 3rd party training at the end of the year.

Pay days are each on the 15th and the last day of the month.

11-17-2011, 07:31 PM

#4259

rbtower2

Gets Weekends Off

Joined APC: Apr 2007

Posts: 114

Quote:

Originally Posted by Atlantic

Consider saving some of that pay, just in case you have to pay the tax on your 'free' 3rd party training at the end of the year.

Pay days are each on the 15th and the last day of the month.

You have to pay tax on the RJ course??