spitfire1500
Well-known member
- Joined
- Apr 8, 2005
- Posts
- 836
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They are estimating the furlough will take us down to around seniority number 860. That is down from a high of over 1500 if I remember correctly.
That includes the Dash 8 and CRJ 200 reductions. It's going to be interesting to see how we can avoid Chapter 11 with all those aircraft sitting in the desert with the meters still running.
Good luck to us all.
How everyone but ASA reads it:
What it means is...ASA will pick up some UAL flying because DAL will get rid of some ASA 200's......
How the ASAholes read it:
We have a far superior product and are soooooo great....everyone wants to hire us.
Igits.
650 pilots..this is almost as bad as the TWA/AA merger
While the situation with job losses at MAG are unfortunate...they don't hold a CANDLE to AA/TWA.
Why? A job is a job. Thats how those people feed their families. Why is there a difference? Are mainline employees a preferred class and their lives and jobs are more valuable?
Why? A job is a job. Thats how those people feed their families. Why is there a difference? Are mainline employees a preferred class and their lives and jobs are more valuable?
Comair had over 1800 then you guys came to DCI and now we have 900 or so. Can't say I'll shed a tear tonight. hows that quick upgrade goingThey are estimating the furlough will take us down to around seniority number 860. That is down from a high of over 1500 if I remember correctly.
That includes the Dash 8 and CRJ 200 reductions. It's going to be interesting to see how we can avoid Chapter 11 with all those aircraft sitting in the desert with the meters still running.
Good luck to us all.
I know Mesa sucks, but lets think about the pilots involved here
its not a wrap for mesa, something will happen to keep them around and hey guys I know Mesa sucks, but lets think about the pilots involved here, that would be a lot of guys who would join the unemployed ranks. Maybe Skywest will buy them to get into the USair network.
We would not buy them. With Their purchase comes their debt.
Rumor has it that Mesa has been in Manhattan shopping corporate law firms for Chapter 7 bankruptcy proceedings... discuss.
uhh.. You are sharp as a marble.That would be true with any airline, there is always some sort of debt you acquire.
Comair had over 1800 then you guys came to DCI and now we have 900 or so. Can't say I'll shed a tear tonight. hows that quick upgrade going
I have no idea.. I know nothing about their debt.yes, but how much debt?
http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter7.htmlI'm thinking that would be YOUR RUMOR!!!
BTW...Chapter 7 is a total discharge of personal debt.
Chapter 11 would be for a business reorganizing their debt.
There is a difference.
http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter7.html
I understand what I typed. And I understand the ramifications of Chapter 7 vs Chapter 11.
I don't see how Chapter 11 could serve Mesa. Any BK gives Delta an immediate out of their service agreement, which Delta has been begging for. If Mesa goes into BK... it is not coming back out.
Good chance he's right. The bankruptcy laws changed in 2005, it's harder to do Ch.11 nowdays...you need financing. Would mesa be able to get loans while in BK? This is not really a good time to try that...
BTW, companies can do either Ch.11(reorganiztion) or Ch.7 (liquidation). An attempt at Ch.11 can easily get forced into Ch.7 by the court or creditors.
Managers usually prefer Ch.11...it means they can keep their jobs.
Do you even know what you are talking about? Chapter 7 is much more lucrative in the short run as creditors get whatever proceeds are made from the liquidation of the company.Chapter 7 is much harder to get since the law changed in 05. They would rather force you to pay back some of the debt rather than leaving the creditors holding the bag. Some airlines stay in chapter 11 for years before they come out.Who said the Delta flying was tied into a bankruptcy?
Do you even know what you are talking about? Chapter 7 is much more lucrative in the short run as creditors get whatever proceeds are made from the liquidation of the company.
If the creditors do not have faith that Mesa can return to profitability, they will push for Chapter 7. They can't return their parked airplanes without huge penalties. There is no new contract flying out there for 50 seat airplanes.
So unless they plan on spinning off into branded flying... and praying that they can hold on until a major will take pity on them, there is really no other option.
They have kicked the can down the road as far as it could go.
As far as a bankruptcy clause in the service agreement: it is standard language that any major changes to status of the serving company renders the service
agreement void.
Mesa will go to the creditors to renegotiate leases on airplanes and if the creditors don't want to play then they will give them back. As far as the ERJs I'm sure they will give those back and just fly 70-90 seaters and become a smaller company and will probably expand Hawaii some more, who knows .. Everyone needs to stop using their "expert" advice about how the outcome will be when nothing has happened yet.
What it means, is you are just one step closer to a furlough, with SKYW buying more flying, your job is on the line, and I welcome you being put on the street and returning to your old occupation as a dog fluffer.
PBR
For the record, you work(on your knees) at Gheyjhets not ASA.
No more furloughs can take place at ASA no matter how many planes ASA loses. However, MESA will lose their flying at Delta in 2010 and hopefully ASA will recapture its 6 aircraft from some avenue other than Skywest; our own blood.