Soon to be 'closing' the book at Continental.
09-30-2010, 05:25 AM
#1
Keep Calm Chive ON
Thread Starter
Joined APC: Feb 2008
Position: Boeing's Plastic Jet Button Pusher - 787
Posts: 2,086
Soon to be 'closing' the book at Continental.
Tomorrow (October 1st) is the start of a new day. One that marks the end to what 'was' CAL, and the embarking of a new beginning. Change is never easy, and something many of us will have to work through. Here's to what 'was', and hoping the best for everyone in the new airline - UNITED.
Cheers.
YouTube - Continental Airlines Tribute
Cheers.
YouTube - Continental Airlines Tribute
09-30-2010, 09:44 AM
#5
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Joined APC: Jun 2007
Position: Bigfoot
Posts: 1,077
This is a 'closing'. As in - it's official on paper and makes investors happy. Labor related and operations type stuff could drag on and on...
09-30-2010, 01:07 PM
#6
Gets Weekends Off
Joined APC: Jul 2010
Posts: 363
What I find ironic/disturbing from our side is before 9/11 we had 10,000 + pilots, employees owned 55% of the company and the company was traded on the NYSE under UAL.
Then, we went bankrupt, went by the name UAUA on Nasdaq and shrank to about 6500 pilots so we could then merge with you guys....
And now tomorrow, we will once again have more than 10,000 pilots and be trading under UAL symbol. Difference is we've lost millions in ESOP stock, millions more in contract concessions and substantial seniority.
I guess to make the loop complete they will be looking for an employee buy-out in a couple years when the glow of the merger has worn off!
Nothing new under the sun, UFB!
KC
Then, we went bankrupt, went by the name UAUA on Nasdaq and shrank to about 6500 pilots so we could then merge with you guys....
And now tomorrow, we will once again have more than 10,000 pilots and be trading under UAL symbol. Difference is we've lost millions in ESOP stock, millions more in contract concessions and substantial seniority.
I guess to make the loop complete they will be looking for an employee buy-out in a couple years when the glow of the merger has worn off!
Nothing new under the sun, UFB!
KC
09-30-2010, 05:55 PM
#7
Gets Weekends Off
Joined APC: Mar 2005
Posts: 398
What I find ironic/disturbing from our side is before 9/11 we had 10,000 + pilots, employees owned 55% of the company and the company was traded on the NYSE under UAL.
Then, we went bankrupt, went by the name UAUA on Nasdaq and shrank to about 6500 pilots so we could then merge with you guys....
And now tomorrow, we will once again have more than 10,000 pilots and be trading under UAL symbol. Difference is we've lost millions in ESOP stock, millions more in contract concessions and substantial seniority.
I guess to make the loop complete they will be looking for an employee buy-out in a couple years when the glow of the merger has worn off!
Nothing new under the sun, UFB!
KC
Then, we went bankrupt, went by the name UAUA on Nasdaq and shrank to about 6500 pilots so we could then merge with you guys....
And now tomorrow, we will once again have more than 10,000 pilots and be trading under UAL symbol. Difference is we've lost millions in ESOP stock, millions more in contract concessions and substantial seniority.
I guess to make the loop complete they will be looking for an employee buy-out in a couple years when the glow of the merger has worn off!
Nothing new under the sun, UFB!
KC
"United we stand, Divided we fall"
I look forward to the future.
09-30-2010, 06:57 PM
#8
Gets Weekends Off
Joined APC: Feb 2007
Position: B737 Captain
Posts: 102
[quote=SoCalGuy;878512]Tomorrow (October 1st) is the start of a new day. One that marks the end to what 'was' CAL, and the embarking of a new beginning. Change is never easy, and something many of us will have to work through. Here's to what 'was', and hoping the best for everyone in the new airline - UNITED.
Cheers.
A toast to the "PROUD BIRD" for tomorrow WE ARE ONE!!!!
Cheers.
A toast to the "PROUD BIRD" for tomorrow WE ARE ONE!!!!
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