Expressjet concessionary LOA/TA out

[Nevets]

Chapter 7 is too expensive for CAL, but chapter 11 would work out just fine. It is cheaper for CAL to keep 190 aircraft flying than have them disappear over a weekend and scramble to have someone else fly them. This is why Mesa is still around, cheaper to keep them hanging on than replacing them.

I don't believe CAL has a say on what chapter of the bk code the XJT BOD chooses. Also, chapter 11 doesn't mean that XJT ceases to exist if there are no creditors to keep it afloat during reorganization especially with the credit crunch and the current condition of the airline industry.

 

[Bako Cap]

I don't believe CAL has a say on what chapter of the bk code the XJT BOD chooses. Also, chapter 11 doesn't mean that XJT ceases to exist if there are no creditors to keep it afloat during reorganization especially with the credit crunch and the current condition of the airline industry.

I mean that CAL will offer to help in the restructure as a goodwill gesture. They will use buzz phrases, "the combined synergizes of our long and fruitful relationship and common goals of providing the best to our passengers." bla bla bla...

Either CAL will help with keeping XJT out of BK, or they will help in the restructure. Chapter 7 is not an option that CAL wants for XJT, even at $1.60 per share that is equivelant to $0.16 per share last week.

 

[Nevets]

I mean that CAL will offer to help in the restructure as a goodwill gesture. They will use buzz phrases, "the combined synergizes of our long and fruitful relationship and common goals of providing the best to our passengers." bla bla bla...

Either CAL will help with keeping XJT out of BK, or they will help in the restructure. Chapter 7 is not an option that CAL wants for XJT, even at $1.60 per share that is equivelant to $0.16 per share last week.

I see what you mean. I do beleive that the XJT BOD would go for that than chapter 7. But their help in restructuring may be in keeping XJT afloat long enough to exercise they bk wind down clause in the new cpa.

 

[donvag]

You guys need new management, plain and simple. You guys have to stop believing yourselfs that you have the best management out there.

 

[Uncle Bunkle]

OK, Express Jetters, here is your chance to hold the line and save the profession.

No fair dissing the other regionals and blaming them for your woes. You say they fail to step up; now it's your turn at bat.

HA! Typical young kid's view... If XJT guys vote no and the company goes tits up, guess what: They held their ground, lost their jobs, and CHQ, Skyworst, and Mesa will have come in to pick up the pieces.
So your advice just killed a good company and gave the flying to cheaper companies...Not exactly saving the profession, now, are they?
There is no good choice in this economy, other than survival. Say hello to my friends at Bear Stearns and Lehman Bros.

 

[ERJFO]

Im voting yes on this, because it benefits ME the most.

I won't vote if you won't... DEAL???

 

[Axel]

HA! Typical young kid's view... If XJT guys vote no and the company goes tits up, guess what: They held their ground, lost their jobs, and CHQ, Skyworst, and Mesa will have come in to pick up the pieces.
So your advice just killed a good company and gave the flying to cheaper companies...Not exactly saving the profession, now, are they?
There is no good choice in this economy, other than survival. Say hello to my friends at Bear Stearns and Lehman Bros.

Hardly a kid. Almost a dinosaur, actually.

Again, I wish nothing but the best for the Express Jetters and hope you all make the decisions that are best for your situation.

However, you are now faced with the same decisions that have faced the pilot groups the vocal few among you have been so quick to second guess. Contracts were negotiated in the face of slow economies and in the face of alter ego airlines. you have your own set of problems, but the situations are more similar than they are different.

So I say again: You have lambasted the other pilot groups for not holding the line under pressure, now it is your turn at bat. Show us what you've got.

 

[nerjdriver]

I won't vote if you won't... DEAL???

Pinky swear?

 

[nerjdriver]

Your assuming it would be a chapter 11 filling instead of a chapter 7 situation.

Hoping Ch. 11. I think its the liklier of the two, but ya never know.

 

[SkyBoy1981]

So I say again: You have lambasted the other pilot groups for not holding the line under pressure, now it is your turn at bat. Show us what you've got.

I've lambasted no one.. I have better things to do with my time.. and I'll make the decision that is best for myself and my family. As Uncle Bunkle said, sinking the ship isn't going to fix a dam thing with the industry.