O
s men want be able to put Humpty Dumpty back together again--starting with Alaska!
Are you kidding me? They will find a loophole to someone owning more than the legal amount? Can they find anyone that can get financing in this market today to take over the other 75%? Not looking good, and Virgin Atlantic just announced the next step for them was intra Europe. Where would they get the planes? Hmmmmm. I got an idea....
There MAY be a loophole to the foreign ownership AFTER the company has been established. I don't know the law, do YOU? He has a plan or he would not have set it up as he did with the buyback feature to guarantee the original investment. As far as airplane availabilty, there are probably plenty of airbusses available at any time.
So, all of the Alaska attornies are WRONG. Yeah, those guys up in SEA don't know how to read the laws...... And, you don't think Branson was EXPECTING to lose any investors when he started VA, did you? He probably didn't see the credit crunch, or any other financial calamities coming our way .....RIIIIIIGHT.
Lawyers don't have to be right. They just have to be shown the money--and they will create issues with some merit--at least enough to get the motions going. Branson didn't see the credit crunch and for that reason he will not be shutdown--something along the lines of force majure--I know you are familiar with that legal concept.
Lawyers who work for an airline get paid a salary. You knew that, right? They didn't hire the ghost of Jonnie Cochran. And, you are right, Branson never thought the credit market would crash---he never THOUGHT he would have to pay those two hedge funds their money PLUS interest back. Guess what? It happened...
threat on this issue as he is a powerful Senator. He may not be able to bring it to fruition, but he want stop trying! McCain is still around? Really? He has more things to worry about that cabbotage. He is trying to nominate Rush Limbaugh as the next RNC President. Have fun with that. Looks like Obama has 8 more years to go now.
My bet is 3 years and 10 months. However, plenty of damage can occurr in the meantime. You are not safe under this administration as once you reach your "LEFTist" seat, your increase in pay will not cover all the taxes that you will be paying for with all the porkulous bills that are coming forth. You are about to get a good dose of European Socialism and their very high taxes. But your view from 37,000 feet will be the same as from an RJ.
Your bet, your bet----who cares? Your bets don't follow the FACTS. Obama is pro-union, and listens to them. McCain was pro-consumer---which favored cabbotage. You lose.
What facts? Obama has done nothing for the Unions yet--except take their votes. You will lose also when you pay 50% tax rates on that Captain pay. Well, he didn't allow cabbotage. That is a good start. And when will it ever go to 50% for taxes? Oh, I guess you are listening to Rush and Sean and they are saying it, so it must be so. Listen to Glen Beck and you will want to shoot yourself after each show. Obama is raising the tax from 36 to 39% AFTER the first $250,000. Did you know after WWII the tax rate was in the 90% area? In the early 60's it was in the 70% range. If you are complaining about an extra 3% from 36 to 39%---you must be an Airline Executive--you cheap a$$.
Obama's policies and reign could be alot more threatening to your way of life, even if Cabotage, in it's purest form, is not adapted. This Country and our industry will look quite different in 4 years after the "Great Social Experiment" has been implemented! Obama is a lot better friend than the last guy to our industry, and he will listen to the unions, which are against it. Sorry, we have a lot better chance avoiding that mess now. You can't argue that point. I will agree that the last administration brought great harm to our careers. However, the jury is still out on your man! The real harm now is because of all the bad loans made in the past few years, thanks to the legislative leadership of YOUR Barney Frank and Reid--YOUR Democrats and their majority buddies. I think our economy will be harmed to the point that you may be back in an RJ because no one will be able to afford to fly with all the taxes they will be paying. In addition, the European ecocomy will not recover until the US economy improves--maybe never! What will happen to all those non-profitable flights to Europe? Sounds like they are going to axe some of them later this fall? Can you shrink into profitability?
The jury is still out.....it's been what, 50 days? And, Obama is on his way to fixing what BUSH LEFT HIM. The World has lost $50 Trillion is liquidity since late last year. Was that ALL OBAMA'S FAULT? Nope. The Stock Market has gone down since Obama has been in office, but it also did a bit better last week when actual facts came out on what may be happening with the Stimulus. And, we ALWAYS cut European flights in the FALL. Not as many travel there. So, we will trim capacity like WE ALWAYS DO. We also shift Europe flights to South America, and do better during their own Summer (our Winter). You flying for a regional obviously didn't know that. Our route planning guys PLAN for those things to happen, and shift stuff around EVERY YEAR.
Bush didn't underwrite bad loans. AIG did. Barney and Reid helped create the bad loan environment. Bush had no choice but to push for legislative bail out. Your European flights are getting deep cuts and yes South American is taking up some of the slack--but not enough. You don't have a corner on route information. There is usually a shiift. But if you haven't heard, there is a world recession going on and maybe even a depression if credit markets don't loosen up. By the way, Pacific routes are hurting also. I never said Bush underwrote the loans, but the whole world is hurting, not just the U.S. of A. I guess that is all Obama's fault, right? Those Republican Fat Cats made some BAD choices and gambled away a lot of money. And you want to give them more tax cuts? Trickle down, right? Riiiiiight. And our European flights have ALWAYS leaned out during the Fall and Winter months. But now we have planes that can take lighter loads and still keep marketshare--the 757ERs. Years ago we only had 767ERs, and they may have been too big during certain months. Not anymore. And yes, the Pacific routes aren't immune to slower times--which is great because now we can put those 767ERs that were on the Atlantic stuff to cover the 744 and A330 routes that are weaker in the Pacific. Fleet flexibility--look into it.
Wait 4 more years?--Sorry, but policies will be changing throughout this term that will set the table for what you don't want! It's coming, and under this administration! Yeah, uh huh, riiiiight. Thanks Sean Hanity. Give Bill O'Reily a kiss for us you whacko. Sore losers! We won fair and square and this was a mandate from THE PEOPLE. Again, sore losers!
General, in this industry, We will all be losers because of your "percieved" winning! You just don't have it figured out yet! But if F.I. survives the next 4 years, I will be the first to let you know! I will gladly bestow the winning hat on you--the dunce hat, pointy fella! By the way, "winning" is a relative term--not absolute. You won with Jimmy Carter also--didn't he bring deregulation.
We are already winners for getting rid of Bush and his lame team. But, he did leave our new guy a BIG problem, and you and Limbaugh and Sean Hanity can blame him all you want, but he is still working on the problem he was given. It may take awhile to see results, and if that is not good enough for you guys, then too bad. Also, next time bring up Bill Clinton instead of Carter. He gave us a $3 trillion SURPLUS, and the economy was great, even with higher taxes.
Well, I'd like to say we are all counting on you and the Obama team but it ain't so. The polls are not looking too good, but I can give you all some time.
Clinton was handed a surplus. He didn't create anything but a stain on a blue dress. That money was in the pipeline before he ever took office or ran.The polls aren't looking good-----after 50 days total.......Hmmmmmmm. Wow, I think he should step down----NOT. He has a lot more to go, and you will love him and cry for him when he is re-elected in 4 years. And Clinton was handed a surplus from Bush the first? After the invasion of Kuwait and our pounding of Iraq the first time? Really? Did Sean Hanity tell you that? Clinton also had 8 years in office, and left the $3 trillion surplus to Bush the 2nd. Get your facts straight......please.
Ba, bye--Pointy Fella!
