Spirit of NKS part VII (The final Chapter)

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01-18-2024, 10:22 AM

#21

HSCompressor

Gets Weekends Off

Joined APC: Mar 2019

Posts: 427

Quote:

Originally Posted by Born2FlyAv8R

enjoy seeing fellow pilots facing the possibility of being in the streets do you?

You mean the ones we are probably going to be merging with in the future? No. My comment was in jest.

chill out and smoke some ganja, dude.

01-18-2024, 10:36 AM

#22

Noisecanceller

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Joined APC: Dec 2022

Posts: 870

Quote:

Originally Posted by BlueJuicer17

Concessions might be necessary during restructuring or a judge can impose his own. The executives who are sucessful with a restructing program will get some type of compensation/bonus for their "hard work".

They are never necessary. Pilot concessions will never change any of the possible outcomes. Never!

01-18-2024, 11:10 AM

#23

skitheline

Line Holder

Joined APC: Dec 2019

Posts: 47

Quote:

Originally Posted by HSCompressor

You mean the ones we are probably going to be merging with in the future?

01-18-2024, 11:22 AM

#24

HSCompressor

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Joined APC: Mar 2019

Posts: 427

Quote:

Originally Posted by skitheline

Nope. Time will tell.

01-18-2024, 11:27 AM

#25

DumboDrop

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Joined APC: Dec 2021

Posts: 594

Quote:

Originally Posted by HSCompressor

You mean the ones we are probably going to be merging with in the future? No. My comment was in jest.

chill out and smoke some ganja, dude.

Having lived through a bankruptcy and the ragged edge of chapter 7, that **** isn't funny.

01-18-2024, 11:31 AM

#26

rickair7777

Prime Minister/Moderator

Joined APC: Jan 2006

Position: Engines Turn Or People Swim

Posts: 40,125

Quote:

Originally Posted by hockeypilot44

My guess is a bankruptcy reorganization bringing labor rates (including pilots) back to 2019. I feel like I’ve seen this before (I have). It may or may not keep the company from going under but if history is correct, the pilots will gladly go along hoping for the best due to our seniority system. Then the other airlines will use these new low wages as leverage.

IIRC the default in BK is to set union wages at "industry average", so that's not typically going to be a windfall for the DIP. Unless the entire industry is already in the pooper (not the case today).

Although managers might argue that the industry THEY are in consists of SY, F9, etc vice the legacies.

01-18-2024, 11:34 AM

#27

HSCompressor

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Joined APC: Mar 2019

Posts: 427

Quote:

Originally Posted by DumboDrop

Having lived through a bankruptcy and the ragged edge of chapter 7, that **** isn't funny.

Right. I didn’t ruin your shotgun wedding with JB. Or cause your bankruptcy, or whatever awful career choices you made. It was a crack at halon for a silly comment he made. They’re just words.

01-18-2024, 11:41 AM

#28

Conquistador27

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Joined APC: Feb 2017

Posts: 193

Quote:

Originally Posted by DumboDrop

That's not true.
F9 voted concessions so we wouldn't gamble with a judge.

FFS, yes before it goes to a judge you can do whatever you want. We won’t do that probably so it will go to a judge, and then yes, you don’t get a vote.

01-18-2024, 06:09 PM

#29

jetpig31

New Hire

Joined APC: Jan 2024

Posts: 2

Keep in mind, 27 of SaVE’s newest a320/321 CEO’s are secured through EETC’s and not subject to bankruptcy negations. They will likely be pulled in CH11 and found a new home quickly due to age. The holders of the eetc can chose to allow renegotiation, but unlikely in this aircraft market.