SEVEN
Well-known member
- Joined
- Jan 7, 2006
- Posts
- 1,563
Whatcha smokin Seven must be some good stuff.
Captain Black. And it is.
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Whatcha smokin Seven must be some good stuff.
Try 3 in May, then 2 per month thereafter till October 2008.
Also, I don't know how 36 ERJ's at compass will make that company profitable; Nor will it give it any value in an IPO. So if compass does materialize, it will likely be selected for any additional growth. If they scale back the saab in the ASA, XJ may still be a 5+ year upgrade.
congrats to all the mesaba guys from this pinnacle guy. I know this is confirmed and will be announced wednesday. I know you guys have been through a lot since this bankruptcy.
I'd love to believe you, but just how do you know this is confirmed?
Kind of early to be hittin the Grain Belt Premium isn't it Cuban? haha
Now for why compass is a problem, and why NWALPA should be screaming to have these ERJ's put at Mesaba.
1. Compass will be paid for by mainline employees salary.
2. Compass will require a management structure in addition to the ones at 9E + XJ
3. CPA will need buildings, hangars, training center, and property.
4. CPA will need a maintenance program .
5. They will need additional FA, Pilots, crew scheduling, dispatch, ground crew, and flight instructors .
6. CPA ERJ's will have the same engine as the CRJ 900, so instead of having 1 machine shop at XJ, they will have two with additional engines and employees.
7. CPA will not have a fleet large enough to produce a profit for the flights it makes.
So Compass will basically drain all the available income the mainline pilots will have for wage recovery in the future. That additional overhead to operate compass will result in a loss of $150 million -$300 million a year. At mesaba, the ERJ's turn profit for mainline , and would result in additional wage recovery for the ALPA pilots at NWA and Mesaba. Does ALPA even work for mainline pilots, let alone the regionals?
No, the compass scenario lowers management pay. It maximizes bank return on corporate debt, and aircraft investment. Management is just another employee of the company. For instance look at Enron, the executives walked off with millions of dollars. However, there were some people who walked away with billions of dollars of the Enron scandal. The ones who walked off with the big money were never prosecuted.The only logic management cares about is the size of their paychecks and bonus payouts. The do not give a hoot about profit or needless waste. They have already proven that they can increase their bonus payouts even in bankruptcy. ANY DEAL that gives them a large PAYOUT, they will take with no thought whatsoever of ANYONE else.
Believe it when you see it guys. Unless it's parked in front of the hangar with our name somewhere on it, it's B.S. It doesn't matter what the company or parent company says - they have done nothing but lie to us for YEARS.
Even when we were awarded our "15 CRJ's with options for the next 20" and a new ASA, look at what happened! Everything started looking rosy (for once) and then they turned and came at us with a baseball bat and threw us under a sham bankruptcy bus.
I'm not trying to rain on anyone's parade here, but NOTHING has happened except our beating behind the shed for the last 15 months. Don't buy the new car or house the day some announcement from the company comes out. Unless you're done with training and your a$$ is in the seat turning number 2 on a new airplane, it isn't real. Even then, they could turn around and bring out the bat again. Learn and remember what history at this company has taught us.
Just my pessimistic $.02.
Cheers
It will take a current captain 10 years at XJ to equal the compensation of a first year Compass captain. An newhire would never catch up to the compass compensation. This is the total package, not just payrates.What will XJ's CRJ-900 pay rate be?
AVRO - 19%...
What will XJ's CRJ-900 pay rate be?
AVRO - 19%...
I'm at 12 year pay and it's $81.58 as opposed to $86.33 under the old book. At DOS+1 I go to $86.11.
Double occupancy at the hotel, no doubt, for those that choose to return.
Double occupancy at the hotel, no doubt, for those that choose to return.
The payscale now goes to years 19-20 of service... DOS the rate was $93.97. The FO rate of course, is still at 7-8 yrs... wouldn't want to give those guys who are topped out as FOs anymore cash!
FO