• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.

Interesting (not good) UAL news

chperplt

Registered User
Joined
Nov 25, 2001
Posts
4,123
Total Time
.
CNN just reported that the ATSB told United today that their loan guarantee will be denied..

Why approve U (tentatively) and turn down UAL....
 

publisher

Well-known member
Joined
Nov 27, 2001
Posts
592
Total Time
20,000
together

How about the fact that USAirways has come a long way in a short period in having their stuff together and that United cannot find the toliet to start writing their plan
 

typhoonpilot

Daddy
Joined
Feb 24, 2002
Posts
1,381
Total Time
17000+
chperplt:

The answer is in the requirements of the ATSB loan. The company must provide meaningful employee concessions and show a viable business plan. United employees have not made any attempt to give meaningful concessions. The deal their pilots had was not anywhere near enough of a concession package considering their industry leading pay rates, nor was it of the required duration for approval of the loan. ( not picking on the pilots, just stating a fact ). They were the only ones who had an agreement so even as weak as it was they were ahead of the other employee groups.

USAirways on the other hand has gone to great lengths to provide a concession package from it's employees and vendors. The pilots have approved a concession package worth over $400 million per year for six years and the flight attendants another one worth roughly $80 million per year. They have also started a series of initiatives to bolster revenue and trim expenses. USAirways still needs a good business plan but the ATSB has been swayed by the efforts to date and will most likely provide the loan guarantees once USAirways emerges from Chapter 11.
 
Last edited:
Top