dispatchguy
Dad is my favorite title
- Joined
- Nov 30, 2001
- Posts
- 1,569
Well, here is the word...
September 23, 2003
To all Shuttle America Associates;
Today, our pilots ratified the tentative agreement reached with them last week.
I applaud the courage and commitment that the Shuttle America pilots have shown by participating in the company’s restructuring. The passage of this tentative agreement was pivotal in our efforts to secure participation by our stakeholders. Now that this has passed, the restructuring will proceed and Shuttle America will continue to operate. While the environment for the airline industry remains extremely challenging, we are hopeful that the concessions reached with our stakeholders will put the company on a more stable economic footing.
This is not a course of action that we wished was necessary. We didn’t want to do it back in November with the non-contract associates and it still isn’t now with our pilots. The sacrifice that all of our employees have made is a testimony of your continued dedication to help make Shuttle America a viable entity. I am incredibly proud to work with this team of dedicated and focused professionals.
We still have work to do. We have had heavy attrition in the pilot ranks over the past three weeks. I am looking at the November schedule for reduction opportunities. Additionally, we are planning new hire and upgrade classes that should be scheduled soon.
We also did not meet all of our financial restructuring targets. Our investors have agreed that if we are able to preserve the previous agreements with our aircraft lessors, they are prepared to continue trying to make Shuttle work. Our challenge will be to continue to find ways to reduce cost as well as to continue our quest for new business whether it be with Airways, other code share partners or charters. It is very important for you to continue to safely operate our fleet as well as posting the operational excellence that you have done over the course of this year.
I will keep you informed on our progress as developments happen.
September 23, 2003
To all Shuttle America Associates;
Today, our pilots ratified the tentative agreement reached with them last week.
I applaud the courage and commitment that the Shuttle America pilots have shown by participating in the company’s restructuring. The passage of this tentative agreement was pivotal in our efforts to secure participation by our stakeholders. Now that this has passed, the restructuring will proceed and Shuttle America will continue to operate. While the environment for the airline industry remains extremely challenging, we are hopeful that the concessions reached with our stakeholders will put the company on a more stable economic footing.
This is not a course of action that we wished was necessary. We didn’t want to do it back in November with the non-contract associates and it still isn’t now with our pilots. The sacrifice that all of our employees have made is a testimony of your continued dedication to help make Shuttle America a viable entity. I am incredibly proud to work with this team of dedicated and focused professionals.
We still have work to do. We have had heavy attrition in the pilot ranks over the past three weeks. I am looking at the November schedule for reduction opportunities. Additionally, we are planning new hire and upgrade classes that should be scheduled soon.
We also did not meet all of our financial restructuring targets. Our investors have agreed that if we are able to preserve the previous agreements with our aircraft lessors, they are prepared to continue trying to make Shuttle work. Our challenge will be to continue to find ways to reduce cost as well as to continue our quest for new business whether it be with Airways, other code share partners or charters. It is very important for you to continue to safely operate our fleet as well as posting the operational excellence that you have done over the course of this year.
I will keep you informed on our progress as developments happen.
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