United Begins To Sell Off Assets
04-21-2020, 04:37 PM
#32
Don't say Guppy
Joined APC: Dec 2010
Position: Guppy driver
Posts: 1,926
There are a whole bunch of airlines about to go under. Virgin Australia just did. Virgin Atlantic is probably within a week or two as their ownership structure is too complicated. No government is going to prop up foreign investors. Cruise ship lines have the same problem. Lots of "flag of convenience" entities will get no backing.
I doubt United got a very good price. The value of United's unencumbered assets are already severely impaired. This only gets worse.
I doubt United got a very good price. The value of United's unencumbered assets are already severely impaired. This only gets worse.
04-21-2020, 04:46 PM
#33
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
There are a whole bunch of airlines about to go under. Virgin Australia just did. Virgin Atlantic is probably within a week or two as their ownership structure is too complicated. No government is going to prop up foreign investors. Cruise ship lines have the same problem. Lots of "flag of convenience" entities will get no backing.
I doubt United got a very good price. The value of United's unencumbered assets are already severely impaired. This only gets worse.
I doubt United got a very good price. The value of United's unencumbered assets are already severely impaired. This only gets worse.
Personally, I’m glad UAL is being very aggressive with CASH.
This is a marathon and we are being chased by bears. We not only need to go the distance, but we also need to outrun others. If we survive the race the industry will look very different once past the finish line.
Looking at the back of the napkin and all the sources of cash UAL has raised in the last two weeks the total amount is mind blowing. Apparently “the market” seems to be betting, at least today, that UAL will outrun the bear.
04-21-2020, 05:01 PM
#34
Gets Weekends Off
Joined APC: Apr 2015
Posts: 491
Probably. Hub and spoke airlines will be kept alive by the Government. They will encourage them to acquire the other airlines, or at least what’s left of them. Maybe if we buy Alaska I can get based in SEA again.
04-21-2020, 05:02 PM
#35
Gets Weekends Off
Joined APC: May 2009
Posts: 1,860
All this.
Personally, I’m glad UAL is being very aggressive with CASH.
This is a marathon and we are being chased by bears. We not only need to go the distance, but we also need to outrun others. If we survive the race the industry will look very different once past the finish line.
Looking at the back of the napkin and all the sources of cash UAL has raised in the last two weeks the total amount is mind blowing. Apparently “the market” seems to be betting, at least today, that UAL will outrun the bear.
Personally, I’m glad UAL is being very aggressive with CASH.
This is a marathon and we are being chased by bears. We not only need to go the distance, but we also need to outrun others. If we survive the race the industry will look very different once past the finish line.
Looking at the back of the napkin and all the sources of cash UAL has raised in the last two weeks the total amount is mind blowing. Apparently “the market” seems to be betting, at least today, that UAL will outrun the bear.
04-21-2020, 05:21 PM
#36
Banned
Joined APC: Mar 2018
Posts: 1,358
He didn’t expect full recovery until those things happen. Weakened demand, not the end of the world that you preach. We’re just going to be smaller for a while.
04-21-2020, 09:58 PM
#37
Gets Weekends Off
Joined APC: Oct 2010
Posts: 126
04-22-2020, 07:48 AM
#38
Gets Weekends Off
Joined APC: Dec 2008
Position: 320 Captain
Posts: 655
quoting from the Indonesian report is rich indeed. A country with so dismal a aviation safety and accident record they only recently came off EU black lists. In 2015 they were cited as having a woefully inadequate safety oversight culture. But sure let’s believe them when they say their pilots had NOTHING to do with the accident.
YEAH RIGHT!
YEAH RIGHT!
https://www.flightradar24.com/blog/w...nal-Report.pdf
https://www.nytimes.com/2019/10/25/w...sh-report.html
Nurcahyo Utomo, an investigator for the Indonesian National Transportation Safety Committee, listed what he said were nine contributing factors, including an automated system’s reliance on a single sensor; the miscalibration of that sensor during repairs; a lack of flight and maintenance documentation; and a failure by the flight crew to manage the chaos in the cockpit as emergency warnings sounded.
“The nine factors have to happen together,” Mr. Nurcahyo said at a news conference in Jakarta. “If one of those nine contributing factors did not happen, the crash would not have happened.”
“The nine factors have to happen together,” Mr. Nurcahyo said at a news conference in Jakarta. “If one of those nine contributing factors did not happen, the crash would not have happened.”
When the problems surfaced on Flight 610, the pilot asked the first officer to perform an Airspeed Unreliability checklist that should have indicated which of the plane's two AOA sensors was reading incorrectly. The first officer should then have directed the pilot to engage the autopilot, which disables MCAS.
It took the co-pilot four minutes to locate the checklist because he was "not familiar with the memory item," the report concludes. During training at Lion Air, the first officer had shown unfamiliarity with standard procedures and weak aircraft handling skills, according to the report.
The pilot reportedly countered the nose dives more than 20 times before, apparently needing a break, turning the controls over to the co-pilot, who quickly lost control of the aircraft, which plunged into the sea.
It took the co-pilot four minutes to locate the checklist because he was "not familiar with the memory item," the report concludes. During training at Lion Air, the first officer had shown unfamiliarity with standard procedures and weak aircraft handling skills, according to the report.
The pilot reportedly countered the nose dives more than 20 times before, apparently needing a break, turning the controls over to the co-pilot, who quickly lost control of the aircraft, which plunged into the sea.
04-22-2020, 06:25 PM
#40
Gets Weekends Off
Joined APC: May 2007
Position: A320 Captain
Posts: 1,982
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