172 Captain

Caution! What follows is strictly rumor...(as most is)
Eagle IS gearing up for hiring. They want to hire now but are not allowed by the string pullers until out of BK. (Heard from a friend who... Blah, blah, blah)

FWIW, Eagle is short on reserve CA's and FO's in most bases. (Not including JFK/LGA. But not many lines/flying there anyway)

lakehouse

Back to the topic of the thread.

flysooner9

Your real cool.

N927EV

I'd like to think they're going to hire soon, but I think it's just to show the public that Eagle follows the recent changes in the law. Mesa listed the same minimums a few years back and they're no closer to hiring. Hate to be a naysayer.

lakehouse

You mean the Mesa on airline apps that lists 500 total and 75 multi as their mins??

lakehouse

Creditors committee: We’re not going to wait forever for a pilots’ deal
*2*1*comments (0)
By tmaxon
[email protected]
12:24 pm on September 7, 2012 | Permalink
The Unsecured Creditors Committee filed a statement Friday supporting the collective bargaining agreements approved by the Transport Workers Union and the Association of Professional Flight Attendants. Those go before U.S. Bankruptcy Judge Sean Lane for his blessing on Wednesday.

But in doing so, the committee warned that its support of giving AMR stock to the Allied Pilots Association is contingent on a deal happening sooner rather than later. It put the equity awards support at American Eagle for members of the Air Line Pilots Association, Association of Flight Attendants and TWU in the same category.

The UCC said it “has has agreed to support the equity stake negotiated” by those unions “in order to support prompt, consensual agreements.”

*“However, the Committee’s support will continue only to the extent that ratified consensual agreements are reached promptly,” it said in its filing.

“The Committee will not support equity stakes or claims for any labor organization that does not ratify a CBA nor will the Committee support any further economic value going to labor organizations beyond the last, best and final offers made by the applicable Debtor,” meaning American Airlines or American Eagle.

eaglefly

A propaganda conduit for the debtor. They FAX the press release containing this statement to the court to Dallas News in the hope it might influence something.

If that is still their LBFO, then off we go to nowhere land. I guess the UCC will have to shoot craps once we leave BK and hope for the best.

lakehouse

I dont think we are actually going to get a stake in the company right??? I know the company stake in UAL came out to about $90,000 in value in the end. What would a stake be worth? Obviously if Eagle got some kind of stake it would be something shaved way down to 1% or even .05%, that still could be worth $5000-$10,000. That's has value to a group making $40,000/yr on average (Eagle FOs).

eaglefly

Well, the UCC agreed to support a 13.5% claim value for AA pilots to partially compensate for loss of A-fund value, but that's currently out. A claim does still exist, but it's value is unknown as long as we have no CBA to define it. You guys on the other hand are not losing any pension value (401(k)) from what I understand, so I don't know what "claim" you would be entitled to. I haven't seen any claim offers in any of the Eagle proposals and AFAIK, the F/A's new ratified agreement would have to have one and additionally, if that exists, all Eagle labor would be entitled to an proportionately equal claim based on value of loss.

Curious myself to see what that little ditty is all about......perhaps they're referring to some type of veiled signing bonus ? Our failed TA is dead in the water, so unless they come off that statement, we are prepared to exit BK with no contract. If what is being said is accurate, it will be interesting to watch the crazy train of 7500 pilots operate under 5 different state laws for employment. If that in fact becomes reality, I predict insanity. Once exiting BK under those circumstances, we'll not be working under a COLLECTIVE BARGAINING AGREEMENT, but a work order from a judge. AFAIK, bankruptcy court provisions are not applicable after BK is exited in regards to nullifying state labor laws and judges work orders don't supersede or negate those state labor laws.

Personally, if that is the UCC's final word, I hope we can exit BK ASAP and see what our world will really be like as it is indeed "uncharted territory". Should be absolutely fascinating though.

lakehouse

this entire thing has been interesting to watch thats for sure. Maybe they are just using us once again to rattle your guys chains. Divide and conquer right? Give Eagle a company stake and start hiring at Eagle, while they furlough at AA (just speculating a trick they could pull, even if just 50 pilots) and take away your stake (since that is for now off the table), then come back with some new last best final offer. Not sure, but it smells like a stunt.