Southern Air Files

[tubineotter]

http://www.reuters.com/article/2012/09/28/us-aircargo-bankruptcy-idUSBRE88R09R20120928

time will tell? cross your fingers thats about as good as we can seem to manage.

 

[CrimsonEclipse]

That sucks....

 

[Blackbeard]

Best of luck to you guys. I have a feeling that the investment fund that owns Southern knows exactly how to navigate you guys through the process and you will emerge stronger and more competitive.

Unlike my employer EIA. They just can't seem to get their act together.

 

[NERVOUS]

So much for mgmnt now having to abide by your new contract.
Good luck, fellas.

 

[72Longhorn]

So much for mgmnt now having to abide by your new contract.
Good luck, fellas.

No new contract yet, G!

Besides, they never abided by the old contract; they always seem to interpret the terms in management's favor. Things are just going to get worse.

 

[NERVOUS]

No new contract yet, G!

Besides, they never abided by the old contract; they always seem to interpret the terms in management's favor. Things are just going to get worse.

You're right! We should stop worrying about management and try instead to get the old crew back together again under one roof!

Or one tent, as all this is really just one big circus !

 

[johnsonrod]

Can we assume the classic 747s will be gone after this restructuring? Would they want to focus solely on 777 and 744 flying? Obviously too early to know anything or probably even speculate...

Good luck to all involved!

 

[B747FR8DAWG]

Can we assume the classic 747s will be gone after this restructuring? Would they want to focus solely on 777 and 744 flying? Obviously too early to know anything or probably even speculate...

Good luck to all involved!

I think SA previously announced that the Classics would be gone before the end of the year, this filing will just accelerate those retirements.

 

[atpcliff]

Did SA sell their -777s to FedEx???

cliff
DXB

 

[fr8doggie]

Did SA sell their -777s to FedEx???

cliff
DXB

Haven't heard anything like that from this side.

 

[big pimpn']

that's what they're saying on APC

 

[Miami Freight]

Can we assume the classic 747s will be gone after this restructuring? Would they want to focus solely on 777 and 744 flying? Obviously too early to know anything or probably even speculate..

You kind of answered your own question. If there are only 777 and -400 on the property they will probably concentrate on them.

Also I think everyone is jumping to conclusions. There is DIP financing in place which is very important to getting further credit. Atlas went through this a few years ago and although painful came out a much stronger entity.

 

[Talon757]

On the other hand, ATA went through it and evaporated. It's hard to predict things with any certainty in this business.

 

[Classicdriver]

Atlas went thru a "Preplanned" bankruptcy. All the plane lessors were on board before filing. They HAD to get it done in 6 months.

 

[weasel_lips]

What DOH does this furlough reach ?

 

[E120ASA]

What Happened to World? I have not seen them in Atl lately.

 

[72Longhorn]

What Happened to World? I have not seen them in Atl lately.

Cough......this is a Southern Air thread;
World is on another link!

 

[Front Office]

This is NOT good...

Boeing 747 9V-SMU 27068 Singapore Airlines Active
Boeing 747 N400SA 27068 Southern Air Active
Aircraft Category: Commercial Jet Aircraft
Aircraft: 747
Aircraft Type: -400BDSF
Manufacturer: Boeing
Engines: PW4056
Available: Now
MSN: 27068
Year: 1993
Availability: Lease
Listed: 10/1/2012
Last Modified: 10/1/2012
Send a Request for Information to this Seller
View All Aircraft/Engines/APUs listed by Seller
Boeing 747 9M-MPH 27044 Malaysia Airlines Active
Boeing 747 N401SA 27044 Southern Air Active
Aircraft Category: Commercial Jet Aircraft
Aircraft: 747
Aircraft Type: -400BDSF
Manufacturer: Boeing
Engines: PW4056
Available: Now
MSN: 27044
Year: 1994
Availability: Lease
Listed: 10/1/2012
Last Modified: 10/1/2012
Send a Request for Information to this Seller
View All Aircraft/Engines/APUs listed by Seller
Print Listing

Seller: Aircastle
AircastleUS
203-504-1048
[email protected]
http://www.aircastle.com
Contact: Jake Reppert ([email protected] )Seller: Aircastle
AircastleUS
203-504-1048
[email protected]
http://www.aircastle.com
Contact: Jake Reppert ([email protected] )

 

[72Longhorn]

Well, For those interested in an update on SAI:
Southern Air filed Chapter 11 late last month and offered a TA to the pilot group.
The TA offer is a joke, in my opinion.
The Vote ends on Oct. 24th. The Union is encouraging the group to vote YES.
It will be interesting to see the final results.

 

[fob727]

As someone who was put in the pool last summer, can you share any details of the TA? Thanks