Southern Air

[Zoneload]

Might not be a bad deal for the southern guys...

 

[72Longhorn]

Well, I hope Atlas buys up Southern soon. I hear the Classics are ALL going to be parked very soon and furlough letters are going to be sent out; out of seniority order.
But I'm sure the Teamsters Union wouldn't allow something like this to happen.

72

 

[Keelhaul]

Where are you getting your information? Out of Seniority?

 

[72Longhorn]

Rumors, of course!

 

[scubabri]

Eeek!!!

 

[pimpinthesky]

Sounds like 72 long horn had a pretty good idea of what to expect. Just got a call from upper management. "Your new hire class is no longer needed" thanks for going to indoc and initial.
Does this mean we will have recall rights at Atlas:0

 

[big pimpn']

Sounds like 72 long horn had a pretty good idea of what to expect. Just got a call from upper management. "Your new hire class is no longer needed" thanks for going to indoc and initial.
Does this mean we will have recall rights at Atlas:0

I'm out of the loop on a trip in BFE... Are people still talking about the rumor that Atlas is interested in buying Southern?

 

[captainv]

there was a lot of chatter about it recently, and the rumors talked of a big announcement today. some thought that might be an announcement Atlas was buying Southern, but so far it's just the parking of their Classics.

 

[fob727]

When does Southerrn take delivery of the rest of the 777's?

 

[pimpinthesky]

I'm out of the loop on a trip in BFE... Are people still talking about the rumor that Atlas is interested in buying Southern?

In regards to Atlas purchase, Im guessing that would be highly unlikely. My reply about Atlas, was in regards to the wonderful rumor mill that seems to be spreading.
World had the same rumors floating around about 2 years ago.

 

[aveator]

Actually, Atlas wanted to buy North American, for their 76's. In the 11th hour, their management said take World/North American or nothing at all. Atlas walked. This was told to me by an ex union head.

 

[JonnyKnoxville]

Actually, Atlas wanted to buy North American, for their 76's. In the 11th hour, their management said take World/North American or nothing at all. Atlas walked. This was told to me by an ex union head.

I had heard that same exact story. It sounds plausible in that North American has all 767s at this point in the market where Atlas wants to grow. All those rumors with Global fell quite a few months ago though.

From what I understand, Atlas has been taking a look at Southern. I do not know where they are at in the process. Deal, no deal, or still looking at it.

 

[aveator]

Yep. The potential buy would have happened before we started our 76 program. Guess they wanted NA for certificate and 76's, rather then starting the 76 program from scratch. Price too high for NA.

 

[75 Driver]

Southern and due diligence

The Southern certificate at first looks good for the quick 777 add on, but on further investigation their ETOPS status is questionable at best and would have problems transitioning to Pax operations. The lack of a coherent ETOPS program would not be allowed to evolve to the Pax side that Atlas Holdings was initially interested in without considerable investment. The initial proposal was for about 40 cents on the dollar, but on further findings they are only worth about 20 cents on the dollar and have serious issues regarding certification standards.

 

[JonnyKnoxville]

The Southern certificate at first looks good for the quick 777 add on, but on further investigation their ETOPS status is questionable at best and would have problems transitioning to Pax operations. The lack of a coherent ETOPS program would not be allowed to evolve to the Pax side that Atlas Holdings was initially interested in without considerable investment. The initial proposal was for about 40 cents on the dollar, but on further findings they are only worth about 20 cents on the dollar and have serious issues regarding certification standards.

So, just to be clear, an offer was made? It was just a low-ball offer?

 

[72Longhorn]

So, just to be clear, an offer was made? It was just a low-ball offer?

So there's still a snow balls chance in H3lI Southern guys are going to end up at Atlas?

 

[Classicdriver]

Southern sources are saying it's a done deal, but includes only a couple 777's. What is the current Southern fleet?

 

[72Longhorn]

Hey Classic,

SAI's Fleet is as follows:
4 777s, 4 744s and 6 classics soon to be parked.
Are you saying the Atlas/ Southern deal is done?
Can you elaborate a little more?

 

[fob727]

Southern sources are saying it's a done deal, but includes only a couple 777's. What is the current Southern fleet?

Don't they operate all the 777's for DHL? CVG to OBBI, LAX to Liepzig, and an around the world flight?

 

[Classicdriver]

I'm saying my source is saying the deal is done, and just for some 777's. Facts are in VERY short supply.

The Exco's are talking. We'll see.