More rich people playing with airplanes...

[LearLove]

What's the over/under on this even getting past an office, website and press release?


http://finance.yahoo.com/news/eastern-air-lines-group-inc-161500875.html

 

[Ty Webb]

Well, unlike many who have tried, this guy actually has the background for it:

" . . . He began his aviation career in 1985 at Eastern Airlines where he worked on the finance, operations and marketing staffs. In 1987 he moved to Shearson Lehman Brothers where he specialized in aircraft finance, working with a number of US and foreign airlines. In 1991 he participated as a co-founder in the start-up of Atlantic Coast Airlines where he served on the board for six years. Ed also served as Senior Vice President-Corporate Finance of Atlantic Coast from 1991 to 1994.

In 1995 Ed led an investment group in the privatization of BWIA, the national airline of Trinidad and served as the airline?s President and Chief Operating Officer in 1995 and 1996. In 1997 Ed participated in the acquisition of Chautauqua Airlines, a regional airline in the US operating for US Airways and served as the airline?s Chief Executive Officer from 1998-1999. Since 1999 Ed has been a consultant to the airline industry working on such projects as advising the trustee in the bankruptcy of Tower Airlines and advising several major investment funds on their airline industry investments.

Wegel is a graduate of the United States Military Academy at West Point and the University of N. Colorado with an MBA in Finance".

 

[Mamma]

Sweet! I wonder if they will try to bring Frank Borman back to lead the new Eastern!

 

[scoreboardII]

It will work and compete well. Paying pilots 60% industry wages, leading to yet another round of decay.

 

[General Lee]

It will work and compete well. Paying pilots 60% industry wages, leading to yet another round of decay.

Yes, and it will be ensured if they make their pilots pay for their type ratings. Why not? SWA STILL does it....


Bye Bye---General Lee

 

[Luv2BFlyin]

It will work and compete well. Paying pilots 60% industry wages, leading to yet another round of decay.

Glass houses comes to mind for some reason. I can't believe an RSW pilot would post something like this. Who was the first to fly for "peanuts"?

 

[Ty Webb]

Glass houses comes to mind for some reason. I can't believe an RSW pilot would post something like this. Who was the first to fly for "peanuts"?

I'm a bit incredulous myself.

 

[jonjuan]

It will work and compete well. Paying pilots 60% industry wages, leading to yet another round of decay.

Don't forget the leather jackets!

 

[Captain Morgan]

...and no hats!!! :/

 

[freightdogfred]

It will work and compete well. Paying pilots 60% industry wages, leading to yet another round of decay.

Pot, meet kettle