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It is pathetic that you can use BK to gut your employees pay and benefits, back out of your debts, pay your executives millions in bonuses for ruining a company, and then exit BK and ruin someone else's airline...
The American way.
“One of the problems in America is something called Chapter 11,” Branson (pictured) said today in Dallas after appearing at a fundraiser for The University of Texas MD Anderson Cancer Center. He noted that airlines including United, Delta, and Continental all preceded American in seeking bankruptcy protection, enabling them to “screw their creditors” and come out with more efficient operations. “If you got rid of Chapter 11 in this country, when a company goes bust, it would be like an old tree. It would [die off] and leave room for younger airlines to come up…
This whole process will probably take about 4 to 5 years from now. Here we go. Bank on it.
These are the AA retirement numbers:
Mandatory retirements:
2012 - 5
2013 - 85
2014 - 103
2015 - 130
2016 - 167
2017 - 255
2018 - 331
2019 - 442
2020 - 545
2021 - 601
2022 - 666
2023 - 710
2024 - 725
2025 - 731
2026 - 716
2027 - 599
2028 - 517
2029 - 477
2030 - 416
2031 - 437
OK so in 5 years AA will have 490 retirements. Within ten years AA is retireing around 3,000. The entire B6 pilot group is 2,300. Interesting numbers, and would be an easy way to supplement already trained pilots needed to fill that need. Add to the fact the AA 460 plane order. With 460 planes on order I don't see the massive scope reduction that a lot of guys are talking about. Even if AA buys B6 and DOH/Staple was used I don't see a lot of furloughs in the future. Not long term furloughs at least. The question is who is going to want to work for AA after there management destroys what was a great company to work for through CH. 11 preceedings.
Thanks for posting that. What say you Blue Bayou?
Still here at 12 years without a M/A... Can't say that for ASA, America West, Airtran, Colgan, Continental, Delta, Eastern, Frontier, Mesaba, Midwest, Northwest, PanAm, Pinnacle, Southwest, Skywest, TWA, United, US Airways-- or all the dead ones like ACA (Indiair), Skybus, Southeastern or the newly bankrupt AMR and Eagle, World Airways (North American)... I'd say we're doing just fine... But that's just my opinion based on a laundry list of facts. You can go ahead and continue to speculate as you are so well at doing...
Still here at 12 years without a M/A... Can't say that for ASA, America West, Airtran, Colgan, Continental, Delta, Eastern, Frontier, Mesaba, Midwest, Northwest, PanAm, Pinnacle, Southwest, Skywest, TWA, United, US Airways-- or all the dead ones like ACA (Indiair), Skybus, Southeastern or the newly bankrupt AMR and Eagle, World Airways (North American)... I'd say we're doing just fine... But that's just my opinion based on a laundry list of facts. You can go ahead and continue to speculate as you are so well at doing...
here's what's gonna happen.
B6 pilots get bent over the woodshed and fu-ked like a $2 dollar Columbian transvestite whore in seniority integration.