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Chris9702l said:"The $$$$ were in place, and as far as I know, the deliveries should be as planned; just like the RJs we bought for Pinnacle. CH 11 doesn't cancel the financing. I have not heard of any delivery disruptions."
Can't believe you don't know that the CRJ deliveries have been stopped at Mesaba. They were stopped after we got two aircraft. I am pretty sure Pinnacle is done getting all their CRJs.
n5374f said:If rumors are started this forum is a good place to start them. Only God and Mgt knows the master plan. But what ever it is it wioo not be good for ALPA as a whole. Frank must be back behind the scenes.
Last year, in the midst of concession talks with the pilots union, Steenland hired Barry Simon as the company’s executive vice president and general counsel. Simon was a top executive in the Seabury Group, a New York consulting firm whose “restructuring” clients have included Air Canada, US Airways, America West Airlines and Continental.
Simon earned his credentials as an executive at Continental and Eastern airlines, where he served under corporate raider and union-buster Frank Lorenzo. In 1983 Continental filed for bankruptcy—despite the airline’s $60 million in cash reserves—in order to exploit a provision in the Bankruptcy Code allowing Lorenzo to abrogate his contracts with the unions. Simon directed Continental’s legal strategy when it emerged from bankruptcy a second time in 1991.
Simon also played a leading role in the bankruptcy of Eastern Airlines, which stopped flying in 1991 following the bitter strike by unionized mechanics. At the time, Lorenzo and his team stripped the airline of valuable assets and sold them at fire-sale prices to Continental.
The 1980s and 1990s saw the emergence of junk-bond dealers and corporate raiders in the airline industry like Lorenzo and Carl Icahn (who bankrupted Trans World Airlines, among others, and who is now worth $5.8 billion—no. 55 on the list of the world’s richest people).
Today, after nearly a quarter of a century of betrayals by the trade union bureaucracy (from the striking air traffic controllers in 1981 to the present scabbing organized by the airline unions against the striking Northwest mechanics), the corporate executives running the airlines feel even less restraint than their predecessors did when slashing workers’ jobs, wages and benefits and looting company assets to enrich themselves.
320AV8R said:Jim-
What's your source ?
I haven't heard of any 320 or 330 deliveries being delayed. The financing was supposed to be in place and attractive.
320AV8R
Beetle007 said:I remembered this post from a while ago. Looks like things are back on track for the 330s and 319s (pending BK judge approval). I'm sure Mynameisjim would have updated us if he wouldn't have left =)
YourPilotFriend said:Also the 787 program in 2008. NewCo to replace DC-9's and a whole new fleet of regionals. Doesn't look like fleet reduction to me.