Cleared Direct
Well-known member
- Joined
- Jan 28, 2002
- Posts
- 82
...Continued from page 1
Someone still has to buy the stock dork. Oh unless AMR is going to divest 49% of this Eagle IPO for 0 dollars. What you don't understand is that AMR finally got the scope relief that they wanted from APA for so long. Eagle is worth much more to AMR now that they can actually operate with less restrictions. Oh I guess you think AMR worked so hard to get scope relief just to give 49% of its bebefits to some other investors. While detaching Eagle from some of the scope and ASM restrictions does make Eagle more attractive as an IPO, these changes are far more valuable to AMR now.
Just check the stock prices of AA, UAL, NWA, CAL, and DAL then and now. Check there cash on hand and value of assets. It is a "buy" because the sh*t has dropped so low genius.
Your thinking is about as clear as your spelling.
I guess that is the same reason why they have decided to negotiate with us now. We are a business unit and party to a 4 party agreement.
Both AMR and APA did not want us at their party. The 10 million credit only covers the training of the APA pilots the first year. It does not cover additional domino training/displacement costs at Eagle or the following years. The reason AMR is going to charge you for the training in the EMJ Captain positions is because you (APA) gave up your rights to displace to the current EMJ Captain positions at Eagle. You can change your mind on one item but it will cost you. Eagle's worthless flow up is free because we did not negotiate it away dork. The only table you will see us at is the one at court. Your table will say defendant. You remember that same table where the big bad Judge took 45 million from your allowance for not playing fair.
The scope and ASM changes are for the commuter supplement as a whole. There is no guarantee that the growth will be at Eagle. It could be at American Connection or anyone else that AMR has agreements with. Other than that, yea. You got hosed.
You are starting to understand how APA shot themselves in the foot on this one. Supplement W/Letter 3 does not give flowback APA pilots any future CJ Captain vacancies at Eagle. It gives APA the right to displace into the CJ Captain positions that are there today as long as the flowback's AA number is senior to the Eagle Captain's AA seniority number. Unfortunately, your union additionally gave up your rights to displace into the current EMJ Captain positions for 28 million. You want all of our future RJ Captain vacancies? Say please. Is the picture a little more clear?
About 120 pilots were able to flow up. The AA numbers held by current Eagle pilots are worthless.
You want to know what is pathetic? The intent of the flow through was to give 1 out of 2 of every new hire postions to Eagle Captains. After it was signed AA hired over 3000 pilots (not including TWA) and only 120 Eagle pilots made it to AA.
You know what else is pathetic. APA negotiated the flow through/ flow back as a furlough protection for their members when things got bad. When it came time for APA to really use that furlough protection for their members, APA traded the biggest part of it (displacement rights to the current EMJ Captain positions) away for a 28 million dollar credit toward their total concession goal. APA eats their young. Always have, always will. Apparently they have quite an appetite for TWA pilots also. You can thank your pathetic union.
No instead we don't lose money. We make it for AMR instead. Despite being mismanaged we continue to make AMR money because of our pathetic salaries.
Look at how much AA lost compared to us?
I expect both AA and APA to honor the 4 party agreement. If not, we will spank you in court. Oh yea, don't worry you said it won't effect you.
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Cleared Direct:
I am very familiar with the value of Eagle. The market has completely changed since the Express Jet Holdings IPO. The value of the airline assets has dropped dramatically. Even if AMR could find a real buyer, one billion will not last long at AMR under their current situation and you know it. AMR is sitting back while JetBlue and even US Airways are transforming to meet the needs of the future.
G4G5
You apparently know very little about the market cap and the value of an airline. AMR doesn't have to find a buyer for Eagle. All they need to do is divest Eagle as a strategic business unit of the AMR corporation and form a corporation (an IPO) with the current mgt team in place. The difference is that they will issue and sell stock in Eagle as an entity and not a part of the AMR corp.
Someone still has to buy the stock dork. Oh unless AMR is going to divest 49% of this Eagle IPO for 0 dollars. What you don't understand is that AMR finally got the scope relief that they wanted from APA for so long. Eagle is worth much more to AMR now that they can actually operate with less restrictions. Oh I guess you think AMR worked so hard to get scope relief just to give 49% of its bebefits to some other investors. While detaching Eagle from some of the scope and ASM restrictions does make Eagle more attractive as an IPO, these changes are far more valuable to AMR now.
I agree the market has completly changed since the CAL/Express IPO. I would care to say and I would be willing to bet that most on this board would argee that today is a lot better, then then just 8 months post 9/11. All one has to do is stop and look at all of the current, "Buy" and "Market out preform" ratings are on AMR. How many folks were calling AMR a market out preformer on April of 2002 (the date of the CAL/Express IPO)?
Just check the stock prices of AA, UAL, NWA, CAL, and DAL then and now. Check there cash on hand and value of assets. It is a "buy" because the sh*t has dropped so low genius.
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Cleared Direct:
I will say it again. I welcome a complete sale of Eagle.
G4G5
I would welcome the divesture of 49% of Eagle as an IPO. Big difference. Then maby you guys could finally contrubute something($$$$$) towards the recovery of AMR
Your thinking is about as clear as your spelling.
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Cleared Direct:
We were not invited because it was very evident that AMR needed APA to sign off on concessions and avoid ch 11 at all cost.
G4G5
No you were not invited because AMR mgt felt that they did not need to invite you. After all when it comes down to it Eagle is just a business unit of the AMR corporation.
I guess that is the same reason why they have decided to negotiate with us now. We are a business unit and party to a 4 party agreement.
Ahh now that you brought it up the concessions. Just keeping supw cost us$10 mill, that should tell you that it was AMR and not the APA who did not invite you. If we had you sitting at the table you know that your flow up to AA would not have come FREE of charge. Not when they are charging us $10 mill to flow back.
Both AMR and APA did not want us at their party. The 10 million credit only covers the training of the APA pilots the first year. It does not cover additional domino training/displacement costs at Eagle or the following years. The reason AMR is going to charge you for the training in the EMJ Captain positions is because you (APA) gave up your rights to displace to the current EMJ Captain positions at Eagle. You can change your mind on one item but it will cost you. Eagle's worthless flow up is free because we did not negotiate it away dork. The only table you will see us at is the one at court. Your table will say defendant. You remember that same table where the big bad Judge took 45 million from your allowance for not playing fair.
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Cleared Direct:
It is much cheaper for AMR to later negotiate or litigate an agreement with Eagle ALPA, then to risk not getting the hurried concession agreement with APA. AMR knew they could not completely give APA everything they even put in the TA, but it will certainly be cheaper in the long run then to have gone into ch 11 at that time.
You can take your attempt at a Jets-for-Jobs cram down and try it at American Connection because it sure is not going to work at Eagle.
G4G5:
Just so I got this straight. The APA gave back $660 million in concession, 2000-3000 jobs, countless work rules, Scope provisions that allow Eagle to grow to 660 aircraft, ASM restrictions that allow Eagle to grow to 110% of mainline
The scope and ASM changes are for the commuter supplement as a whole. There is no guarantee that the growth will be at Eagle. It could be at American Connection or anyone else that AMR has agreements with. Other than that, yea. You got hosed.
ANd you guys gave up NOTHING.
Then when we ask to flow back to the NEW jobs created by our give backs
You say No.
You are starting to understand how APA shot themselves in the foot on this one. Supplement W/Letter 3 does not give flowback APA pilots any future CJ Captain vacancies at Eagle. It gives APA the right to displace into the CJ Captain positions that are there today as long as the flowback's AA number is senior to the Eagle Captain's AA seniority number. Unfortunately, your union additionally gave up your rights to displace into the current EMJ Captain positions for 28 million. You want all of our future RJ Captain vacancies? Say please. Is the picture a little more clear?
Heck it's not as if any Eagle pilots have ever benfited form the flow up. It's not as if any eagle pilots current have right to the AA pilot list.
You are pathetic.
About 120 pilots were able to flow up. The AA numbers held by current Eagle pilots are worthless.
You want to know what is pathetic? The intent of the flow through was to give 1 out of 2 of every new hire postions to Eagle Captains. After it was signed AA hired over 3000 pilots (not including TWA) and only 120 Eagle pilots made it to AA.
You know what else is pathetic. APA negotiated the flow through/ flow back as a furlough protection for their members when things got bad. When it came time for APA to really use that furlough protection for their members, APA traded the biggest part of it (displacement rights to the current EMJ Captain positions) away for a 28 million dollar credit toward their total concession goal. APA eats their young. Always have, always will. Apparently they have quite an appetite for TWA pilots also. You can thank your pathetic union.
You give up nothing, nada, zip to insure AMR's(Eagle's) survival and then piss and moan about it.
No instead we don't lose money. We make it for AMR instead. Despite being mismanaged we continue to make AMR money because of our pathetic salaries.
Eagle is part of the AMR corp and look what you gave up when compaired to us.
Look at how much AA lost compared to us?
Thanks for doing your part. I would expect nothing less from you.
I expect both AA and APA to honor the 4 party agreement. If not, we will spank you in court. Oh yea, don't worry you said it won't effect you.
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