I know, I'm a thread hijacker, but I can't help myself...
SYXdude said >>
Well, neither SYX or MidEx are paying for the hiring/training or ongoing pay for the pilots on SYX's senority list. Delta is paying for all of it so SYX/MidEx's financial exposure is minimal. Past efforts/decisions might have been "asinine" but SYX's attempt to grow through contracting with Delta was/is a good idea. And, if the whole deal falls apart, it won't be because of any failures on SYX's behalf.
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I asked this before, I'll ask again - is Delta paying for the Beech 1900 initial/upgrade training that results from people moving to the 328? If they are, WHY on earth are they doing so? Assuming Delta isn't footing the bill for sim time at FSI/LGA, it's not quite right to say that Delta is footing the bill for "all" the training.
And I agree, contracting with Delta is a good idea for your airline - I wasn't suggesting otherwise. Believe me - getting out from under the MEH banner would do nothing but improve the SYX outlook. DELTA is not paying the salaries of the pilots that you hired, though. Does it really make sense to upgrade and hire a ridiculous number of pilots only to have them sit idle? Delta paid for the training -- great -- they aren't paying for health bennies or salaries. I like to see people hired, I like to see people upgrade - what I DON'T like is to see those people spurned and cast out on the street like so many others before due to the things I've been talking about.
Based on that, I would guess the financial exposure is MAJOR - how can you afford to pay pilots, albeit first year salaries, that you aren't even using?! And if, as Jobear said, you are going to furlough and downgrade, do you think Delta is going to pay for the requals? Maybe they are - but from a company (SYX) that once said, several months after 9/11 when everyone was receiving JA and overtime phone calls "It's cheaper to JA everyone and cancel flights than to RECALL people who have been furloughed..." I'm just trying to call a spade a spade here.
And Jobears suggestion that thanks to the CHQ/RP agreement with Delta that his career at SYX is now over and that "Mainline pilots thought the 50 seater was the career-killer" is just laughable.
C'mon Jobear - I probably can't hijack this thread another time without getting some type of reprimand - care to respond?
And, lastly -- if the deal does fall apart between SYX and Delta/whomever, it'll be because of the poor cash position of all the parties involved. That is, by no means, the pilots' fault...but what is really the pilots' fault, anyway?
Happy holidays!
-brew3