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Midwest to File Ch.11 by end of week...

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eightdriver

eightdriver

Well-known member
Joined
Sep 15, 2002
Posts
157
This is the latest info that AFA has heard been passing along to the girls. ALPA hasn't commented, but I don't think they will be surprised. 8
 
Agree. They always wanted to get rid of our contract and the only way to do that is through the BK court.
 
I think DAL was the last Chapter 11 to be able to abrogate their contracts in BK court. The laws were changed and DAL filed just prior to the execution date.

So, I don't believe they can unilaterally abrogate your contract now. But, I'm not a lawyer and I didn't stay at a Holiday Inn last night either...
 
With this management group anything is possible, one of my buddies think they might even ask the court to furlough the md80 guys to save on training cost, I didn't think they can do that, can they??
 
sure they can. we grieve it, takes awhile to hear the grievance, by then they have made a decision on fleet replacement or shutdown and have saved the money.

usually bankruptcy filings are filed over a weekend to maintain a lower news presence.

all i know is if they file, it is a PUBLIC admittance of FAILURE on the part of Tim Hoeksema. HE is the LEADER, HE is the one who f@#$ed it up!
 
He will just point the finger at the pilot group saying "I took a 40% paycut, but the pilots weren't willing to work with us" We will be to blame, you watch... 8
 
CitationLover said:
HE is the LEADER, HE is the one who f@#$ed it up!
Click to expand...

I wouldn't give him the honor of calling him a "leader." How about "person playing boss?"

eightdriver said:
He will just point the finger at the pilot group saying "I took a 40% paycut, but the pilots weren't willing to work with us" We will be to blame, you watch... 8
Click to expand...

Why do you think they announced the Skyway shutdown almost 3 months early? They wanted out and figured everybody would leave. "It wasn't our fault. Those crews didn't care about the customers and left."

Best of luck folks!
 
all i know is if they file, it is a PUBLIC admittance of FAILURE on the part of Tim Hoeksema. HE is the LEADER, HE is the one who f@#$ed it up!
Click to expand...

Yeah I am sure he will feel like a real failure with all those millions of dollars in his bank account...I know I'd feel awful with all that money...
 
greenbayfan said:
Yeah I am sure he will feel like a real failure with all those millions of dollars in his bank account...I know I'd feel awful with all that money...
Click to expand...

Dude, feel free to get lost... you never have anything useful to say, you and that kharma dude from Airtran must be a joy to fly with.
 
eightdriver said:
He will just point the finger at the pilot group saying "I took a 40% paycut, but the pilots weren't willing to work with us" We will be to blame, you watch... 8
Click to expand...

his paycut isn't EFFECTIVE until 7/15, he has NOT taken a paycut yet. and even so, one week of a paycut helps oh so much.
 
greenbayfan said:
Yeah I am sure he will feel like a real failure with all those millions of dollars in his bank account...I know I'd feel awful with all that money...
Click to expand...

no but executives all have one thing in common: large egos. his standing within the milwaukee boys club will take a hit.

and in terms of airline executives with money in the bank, hoeksema is in the rear. he is not a title contender like steven wolf ($2 million from republic, $45+ million from united, and $10 million from us airways).
 
It will be interesting to see how Obama handles the situation and how, or if, he addresses the airline industry if this happens. I was happy to see he was on a chartered MidEx aircraft, so he could get an "in your face" perspective of what is going on here, not one from a private jet from NetJets......
 
deadstick said:
If they file Ch11 on July 14, does he still have to take the paycut?
Click to expand...
Wouldn't it be nice if our pilot group encouraged the bankruptcy judge to "VOID" Hoeksema' contract as well and force him to work for cookie crumbs and soiled diapers left over by the youngster on our flights because that about all he's worth.

One can can dream, Right?
 
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jravi8tor said:
Wouldn't it be nice if our pilot group encouraged the bankruptcy judge to "VOID" Hoeksema' contract as well and force him to work for cookie crumbs and soiled diapers left over by the youngster on our flights because that about all he's worth.

One can can dream, Right?
Click to expand...


That would be sweet, but they still need a fall-guy.

Maybe they could cancel the cookie contract? That would really hurt his bottom line! Are there any cookie makers in Utah that could make them for less than Mrs. Tim?
 
deadstick said:
That would be sweet, but they still need a fall-guy.

Maybe they could cancel the cookie contract? That would really hurt his bottom line! Are there any cookie makers in Utah that could make them for less than Mrs. Tim?
Click to expand...
Our Fall-Guy, we bring in Sean "Diddy" Combs and advertise like Burger King, except we charge realistic fares and the slogan will be "Fly the BEST CARE IN THE AIR, my Midwest, cause Diddy says so...." Shoot, if it works for BK, why not us?
 
I do not know what to tell you, as someone who has a degree in business/finance, the passenger airlines in the U.S. have more then a few problems. if the price of oil drop to seventy dollars tomorrow that would buy some time, but not very much for this nations airlines to get their act together. "this is one industry that has many problems with very few solutions and absolutely no time to fix it". what I can say is good luck to you.
 
Here ya go ......

Jupiter Kalambakal - AHN News Writer
Milwaukee, WI (AHN) - Midwest Airlines is planning to file for bankruptcy, according to its pilots.
This developed after collective bargaining agreement negotiations failed between pilots and the management of the U.S. airline.
According to Milwaukee Journal Sentinel reports, pilots were disappointed with Midwest as the carrier was not bargaining in good faith. The airline plans to have a better deal through a bankruptcy filing, the pilots said, which will impact "several millions of dollars" in wages and benefits.
But airline officials downplayed the accusations. Midwest said in a statement that it is "continuing to talk with the union despite claims to the contrary."
"We have been open and transparent in providing information, financial and otherwise, and believe strongly that our proposals are fair and equitable," it added.
A bankruptcy filing would enable Midwest to negotiate new labor contracts with its union, and re-negotiate debt with its lenders and creditors.

Copyright © 2003 - 2008 AHN - All rights reserved.​
 
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spinproof said:

"We have been open and transparent in providing information, financial and otherwise, and believe strongly that our proposals are fair and equitable," it added.
Copyright © 2003 - 2008 AHN - All rights reserved.
Click to expand...

Complete Bull####. This is exactly what they are not doing.
 
At those rates, who would show up to work at an airline? Let's see . . . hmmm . . . . . . 5:00 a.m. van rides, working nights, holidays and weekends, living out of a suitcase half the month . . . . . for 60% pay?

Lotsa luck!
 
Ty Webb said:
At those rates, who would show up to work at an airline? Let's see . . . hmmm . . . . . . 5:00 a.m. van rides, working nights, holidays and weekends, living out of a suitcase half the month . . . . . for 60% pay?
Click to expand...

The sad thing is that there are probably many people who would. They are not necessarily at MidEx now, but they would be chomping at the bit to fly the 717.

Heck they might even pay TH $100/hr to build time (Dang, I hope he doesn't read this board!)
 
deadstick said:
(Dang, I hope he doesn't read this board!)
Click to expand...

If he does I would have to say is;

I don't wanna talk to you no more, you empty headed animal food trough wiper! I fart in your general direction! Your mother was a hamster and your father smelt of elderberries! No. Now, go away, or I shall taunt you a second time-a!
 
Fubijaakr said:
I think DAL was the last Chapter 11 to be able to abrogate their contracts in BK court. The laws were changed and DAL filed just prior to the execution date.

So, I don't believe they can unilaterally abrogate your contract now. But, I'm not a lawyer and I didn't stay at a Holiday Inn last night either...
Click to expand...

Unfortunately, Section 1113 was unchanged in the bankruptcy laws. The company can file for an 1113(c) action to abrogate the contract, or even file for an emergency waiver from the contract (1113(e), if I remember right) in very short order, assuming they find an anti-labor judge. The changes to the bankruptcy code a few years ago didn't affect these contract provisions. What it did change was the ability of a company to remain in bankruptcy for virtually unlimited amounts of time with no real plan going forward. If MEH goes Chapter 11, then they'll have to have a real exit plan or face liquidation.
 
I think if they (I guess we) liquidate I am going to try and buy the "chip" cookie costume. That way I can have my friend with the Cookie Monster costume chase me around the neighborhood and have some good fun.
 

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