Clearly Dilusional:
No one has ran and hid. Even though things were bad after 911, things got even worse later as assets, stock values, ticket prices, and cash reserves were much lower. I will say it again, things got even worse.
G4G5
And I will say it again. In April of 2002 both Express and Jet Blue managed to have successful IPO's. Today's economic enivroment, (in particular AMR), is much better then it was in April of 2002. Now that the concessions are in place every analyst is hopping on the AMR "Buy" and "Out Perform " bandwagon.
So maybe you can explain yourself, "Yea right, just one little problem. Who would invest in Eagle? Get real. The only divestiture of Eagle that could be done today would be to a puppet buyer like the one they had set up to buy Executive in the islands. The Express Jet Holdings deal was done before things got even worse."
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Clearly Derelect:
Airlines still had more cash reserves at the time. Who said things weren't all that bad? Quit making things up Gulfstream boy.
G4G5
Fact:
Express Jet and Jet Blue IPO's were 2Q02
AMR 2Q report for 2002 stated that it had $1.74 Billion in cash. On June 10, 2003 at the Merrill Lynch Global Transportation Conference in Washington, DC, Arpey announced that AMR has TWO BILLION cash on hand. This is what I mean, take the time and do the research other wise you come out looking like and idiot.
Are you trying to tell us that the outlook for AMR and an Eagle IPO is worse today then it was in Aprl of 2002? Or would you like to phone a friend?
A quater billion more cash on hand today then in 2Q02 and with the concessions you know that it's only going one way. The future for an IPO hasn't look this bright in years. Or do you disagree?
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Clearly Dumbfounded
AMR is still not the one that abrogates a contract in Chapter 11. The BK court makes the decisions and not AMR or APA dork. You are the one telling me to do research when you stated in your earlier post that "Eagle Rights" captains can be displaced by AA flowbacks. You are incredible.
G4G5
We already went through this...... I am on record stating that if an Eagle pilot turned down the flowthrough, then his seat is his but if a pilot choose to have an AA seniority number, then all bets are off.
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Cleared Direct(see how stupid the childish names are)
No it will go straight to court. Yeaaaaa, I am sure when making his legal determination the judge will feel sorry for AMR and APA. Good call.
G4G5
And I am sure that the judge in the wonderful state of Texas will take the Eagle pilots best interests at heart VS AMR's and it's high powered lobbiests and lawyers. Get real we had to walk out, shut down the airline and incure a $45 million dollar fine just to get Reno onto our contract.
Yeaaaaaaaaaaa, I am sure that letter 3 and the fact that the Eagle pilot's don't like it, will stop AMR
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Cleared Direct:
Yeaaa riiiiight, again when making his legal determination of the out right contractual violation the Judge will ask what we gave up to help out. The BK court cares only about what is best for the creditors. You should work for the APA legal department.
G4G5
You should learn a little more about airline BK history.
http://stlouis.bizjournals.com/stlouis/stories/2001/04/02/daily17.html
BK Judge Walsh denied the requests of the unsecured creditors because it was not in the best intersts of the 20,000 employees. (I know, I know I am sure the TWA folks will have something to say but that was pre 9/11, sars, the economy, Iraq)
You really need to get a better understanding of aviation finance and BK history before you make lame statements like,"The BK court cares only about what is best for the creditors."
The Unsecured creditors typically get cents on a dollar, if they get anything at all. The secured creditors, get their assets back (aircraft) The banks that provide the DIP and the only ones that the courts cares about. That's why Judge Walsh choose the TWA employees over the unsecured creditors.
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Cleared Direct;
Regardless, AMR did not even attempt to ask for real concessions from Eagle ALPA. Why do you think that is?
G4G5
Why don't you tell me?
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Cleared Direct;
Who ever said APA can change our contract? All 4 participating parties can change the Supplement W/Letter 3 if we agree to. This could be done in a manner that is fair for all. Instead AMR and APA conspired to attempt to change the agreement on their own. Both APA and AMR realize they srewed up in not including Eagle ALPA in their rush to get the TA. They even called for a 4 party meeting to discuss the matter. It was obvious though that they have no real intension of solving the situation in a fair manner. You are right about AMR, but they have screwed you worse this time.
G4G5
AMR mgt did not invite you because they felt that they did not need you. Only time will tell. The APA does not decide who comes to the negotiations. One thing you can bank on, if you were invited, you would have come away with less then you have today. Their was no way that you would have been invited and walked away without contributing to the $1.8 billion that the rest of us gave.
Or did you think that you would have been invited to sit down and actually come away gaining something? LOL.
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Cleared Direct;
Yea, and they tried to pawn them off on you again during the rejected 2 year contract extension also. APA clearly said they were not worth the rest of the contract extension terms. Now they want the things so bad they agreed to fly them for less than what the current CRJ-700 Eagle pilots are flying them for. Funny how things are relative.
G4G5
The TA was rejected because the fine was not eliminated and the percentage increases were not up to UAL's. The vote had nothing to do with the CRJ70. But, if AMR was willing to give the CRJ70 to us back then, what does that tell you about your chances of keeping it?
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Cleared Direct;
I think I figured out why you are having trouble with Supplement W. You can't read. Who said APA purchases aircraft?
G4G5
You did, "If AA and APA WANT MORE SMALL JETS OR EMB-195's THEN ORDER THEM and fly them on AA's certificate not at Eagle."
I could say something insulting but I'll pass.
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Cleared Direct;
That's right and it is defined by Supplement W/Letter 3 and not by some mutant 2 party change of the original 4 party agreement.
Believe me, there is nothing clear about what you speak on. Funny how your buddy "Dualrated" had indentified you as being in the projected group of furloughs in an earlier post. I guess while you are on PLA they can't furlough your AA number. To then go on to say it won't effect you at all, clearly shows your thinking. You spend alot of time posting your opinions about the situation that does not effect you. I guess you are going to resign your seniority number and never come back. Your choice to pursue a job in the corporate world had nothing to do with the furlough. Yeaaaa, Riiiiight.
G4G5
You don't even understand how it works at the airline. A PLA turns into a furlough once your number comes up. Then I am out. No need to resign your number becuase in the companies view, you are going out anyway. What I am doing is giving a guy a job. My seat can be filled by a guy jr to me, who would have gone out earlier.
You are so full of yourself it's pathetic. Get a grip on how it works before you make stupid statements like the one above.
It effects me because it effects friends of mine. Guys with families, who don't have the same choices that I do. Guys who need one of the newly created jobs at Eagle. The jobs that their concessions paid for.