Frontier planes are being moved...

[Shrek]

Astro-Glide and a promise of ALPA help with a magazine to boot.

I didn't know F9 was an ALPA property........crackhead :nuts:

 

[ultrarunner]

I wonder what the pilot severance package consists of?

Thirty-day notice

 

[HighSpeedClimb]

Thirty-day notice

At least you guys are getting a 30 day notice...that's 29 more days than we got...

 

[CitationUltra]

I know everyone hates when mgmt sets up compensation for themselves if the company falls apart, but if they did not then they would all leave to "pursue other opportunities" and there would be no one left to mind the ship.

For a few folks to have a year's worth of severance to stick around is not that bad an idea.

You're talking about the very people that ran the company into the ground in the first place. The company would be better off paying the same money as a bonus to competent managers to replace the ones that will be getting the severance package.

 

[CitationUltra]

My question is what "other opportunities" are these managers going to pursue in a decimated airline industry and a weakening economy? Where exactly are they going to go? If it's only about the money I'm sure many of these managers could have left the airline industry long ago to work in other industries that pay better. The fact is that there probably isn't many places for these managers to go; "retention" bonuses to managers are simply gifts. With all of the important things that need to get done in a reorganization the management team always has the time to look out for themselves. If the company reorganizes they will want an equity stake in the "new" company after the old one went TU on their watch. If the company was truly worried about rats jumping off of the ship there would be retention bonuses for everybody because airlines don't run without pilots, FA's, mechanics and dispatchers any better than they run without managers.

My personal opinion is that the upper management team that's in place when a company files for bankruptcy should be fired. What happened to the good old days when declaring bankruptcy was considered a bad thing?

Nothing would be lost if these "managers" left for other "opportunities". The plain fact is, most of them have no other opportunities. That's why they value the severance so highly.

No bankruptcy court should take one dollar out of the bankruptcy estate to pay a bonus to failed management. Period.

 

[CitationUltra]

Are you sure the new generation of MBA's would be any less vicious than the current ones?

Or any more effective?

 

[QRC]

...bids are out for contractors to fly planes out of Den, looks like Jun 3 - Jun 7th. Good luck, I hope something changes, but I saw the flyaway package for 6 A319s DEN to China.

Hey there boss, just checkin in, any fuzzy animals on their way to China yet??? Larry and Jack love kung pao chicken

 

[USMC319]

You're talking about the very people that ran the company into the ground in the first place. The company would be better off paying the same money as a bonus to competent managers to replace the ones that will be getting the severance package.

CitationUltra,
As usual, I will have to disagree with you. If you did your due diligence, you would have found that the management team trying to save Frontier is, by and large, not the same management team that put F9 in this predicament to begin with. As for the severence, I can only shrug.

 

[CitationUltra]

CitationUltra,
As usual, I will have to disagree with you. If you did your due diligence, you would have found that the management team trying to save Frontier is, by and large, not the same management team that put F9 in this predicament to begin with. As for the severence, I can only shrug.

They've replaced two, maybe three of the SIXTY FIVE "managers" that will be subject to the severance dole at the end.

By and large, it is exactly the same "management team" that got them to where they are now.

 

[climb2slow]

I'm sorry, do you work here? Do you know who our managers are? How about sticking to your beautiful citation ultra, hopefully you know as much about your current job as you seem to think you know about all others.

 

[Shrek]

I'm sorry, do you work here? Do you know who our managers are? How about sticking to your beautiful citation ultra, hopefully you know as much about your current job as you seem to think you know about all others.

S n a p

I hear of good things on the DIP front lately......nothing reliable enough to even post here though (I know, it is a seriously low threshold for some..........lol)

F9 Keep your head up and try to keep this out of the cockpit...........

 

[climb2slow]

We're hearing good things on that front too. And so far the cockpit atmosphere really hasn't suffered too much. Obviously everyone has a different situation, I could turn job number two into job number one, but all things being equal, i'd like us to survive long term.

 

[sshrae]

save your breath climb, he doesnt work for f9 and all he knows about the mngmt is what he read on this board. however, he does love to chime in everytime something negative comes up on these threads. strange to say the least. ultra will get his before long.

 

[WSurf]

So what is the reward for the guys flying the planes to hang around that year?
A kick in the A....?

Sounds like a great idea.

Bingo! We have a winner!

 

[HDA]

The 7th has come and gone and still no F9 planes flying to China....im sure it hurts you .....but maybe next week.

 

[Black Sheep]

...bids are out for contractors to fly planes out of Den, looks like Jun 3 - Jun 7th. Good luck, I hope something changes, but I saw the flyaway package for 6 A319s DEN to China.

Frontier to retain all planes
By Jeffrey Leib
The Denver Post
Article Last Updated: 06/10/2008 05:59:38 PM MDT

Frontier Airlines has elected to retain the 70 planes in its fleet and has made payments to stay current on all aircraft leases and financing agreements.
On April 10, the Denver-based airline filed for Chapter 11 bankruptcy protection following a demand by First Data Corp., its credit-card processor, that Frontier significantly increase the reserves the airline must deposit with First Data.
Federal bankruptcy rules allowed Frontier to suspend payments on its aircraft for 60 days following the Chapter 11 filing but required the carrier to decide by the end of that period whether it would affirm or reject leases or other contracts related to the planes.
"On the 60th day, however, we had to make these outstanding payments or the aircraft lender/lessor might have been able to take possession of the aircraft," said Frontier spokesman Steve Snyder today.
"We are current on all our aircraft leases and financing," Snyder added, but he would not say how much money the airline paid to get up to date on the pacts.
Frontier's fleet consists of 60 Airbus jets, 22 owned by the carrier and 38 leased, Snyder said.
The airline also has 10 Bombardier Q-400 turboprop regional aircraft, with five of them owned by Frontier and five leased.
Of the decision to retain the fleet, Snyder said, "This shows progress and is another step in the reorganization of the company."
Jeffrey Leib: 303-954-1645 or [email protected]

 

[FlyWolf]

Great news, best of luck to you guys

 

[climb2slow]

I'm sure this will only stall the great negative minds from flightinfo.com for a day or so...but i'm happy for small victories these days.

 

[StaySeated]

They chose to "retain" all 70 planes today. That does not mean that we will not turn around tomorrow and sell another four 318's to pay the light bill. Their hand was forced with the 1110 motion. Now they are on the hook for all of the lease payments going forward, and with oil at $130 it is a certainty that more airframes will be sold to repair the balance sheet.

 

[Colonel Savage]

I'm sure this will only stall the great negative minds from flightinfo.com for a day or so...

How 'bout 45 minutes...?