DCI Fall Cutbacks..............

[crj567]

if you read the no furlough part of the contract it says "the company will not furlough except in circumstances over which the company has no control. The term circumstances over which the company has no control includes but is not limited to......."

so technically the company has no control over how much delta cuts our flying. we are losing 20 planes (maybe next spring). what if delta pulls 100 planes from us. would they still not furlough because of this clause. i believe they can furlough anybody they want right now because they have 'no control' over the block hours that delta gives us. this is all my interpretation and would like to hear any others.

I don't think that would work... It is true that they have no control over what DAL does, but it is also true that they have complete control over what happens over at SKYW... Furloughing tons of guys at ASA and nobody over at SKYW would probably constitute a violation...
-Let's hope it doesn't happen that way.

 

[Browntothebone]

The solution is simple. Skywest takes ASA into bankruptcy and then they can gut the contract as needed to furlough what they need.

 

[jmreii]

Hmmm, from what I'm willing to bet- 100 More furloughs in the fall, with around 60 displacements.....at ASA.

Any bets from the others such as Mesaba, Pinnacle, Comair, etc????

I wouldn't linger on it for too long, more restrictive regulations on your host partners will equal more outsourcing of those services in-order to reduce costs. you will by default,so cheer up.

 

[79%N1]

How can a profitable company be taken into bankrupcy?

 

[Browntothebone]

How can a profitable company be taken into bankrupcy?

Easy, Make it unprofitible! Transfer asets to SKW and bleed ASA too death. Kinda like Lorenzo did with CAL and Eastern.

 

[wmuflyguy]

How can a profitable company be taken into bankrupcy?

Comair was expecting to make a 50 million dollar yearly profit, management even admitted this under oath during the BK and 1113c process. It is all a shell game.

 

[79%N1]

I need to get a new friggin job!!!!

 

[GRAAB HIRBOUBI]

How can a profitable company be taken into bankrupcy?

At Mesaba the ALPA lawyer said that you don't have to be insolvent to go bankrupt. When we lost the AVRO's the company convinced the judge that because the profits were not going to meet projections, bankruptcy was the only option.

There are other reasons for a company to go bankrupt. In fact the Government supports bankruptcy. Look at GM. Employees mean nothing.

 

[JumpersAway]

I would have to argue that the new political climate provides a different playing field. I think the sham bankruptcy age is over, especially given that labor seems to have a far better footing now.

 

[sweptback]

We have new bankruptcy rules now. Remember Mesaba and Comair went under the old ones.

It wouldn't be impossible, but it wouldn't be easy either. I don't think it's exactly kosher for the umbrella corporation to finance the subsidiary's exit from bankruptcy, and I don't know where else they'd get financing (outside of RAH of course).