Flyinisforbirds
Member
- Joined
- Sep 23, 2005
- Posts
- 24
“NEWCO” will be the biggest variable in this ugly game at NWA, Pinnacle and Mesaba and possibly the future regional who will purchase “NEWCO”. The following is a pessimistic view of NEWCO and I welcome any optimism.
According to senior management "NEWCO" WILL fly 100 seat jets at regional pay as MYNAMEISJIM stated. Management already considers this a fact. NEWCO might be a new regional (operated by furloughed NWA Pilots), or a division of mainline (C-Scale), or something else that no one has mentioned.
Initially NEWCO was intended to fly 100 seat jets. However, after the Bankruptcy senior management stated that the cost differences between operating 70 seaters at a Regional vs. at Mainline have become “negligible.” And, subject to significant negotiations, 70 seaters could realistically be flown by mainline pilots (at regional wages) i.e “NEWCO”.
If NWA pilots create a separate division, I predict “NEWCO” will become the next generation MidAtlantic. Created to give the impression of saving mainline jobs and providing jobs to furloughs (as DC-9s are quietly replaced by RJs at regional wages) and later sold to gain financing in order to exit bankruptcy. I can’t think of any contract language to prevent this because a judge can approve anything if it is “necessary” for the survival of the company and to exit bankruptcy.
U.S. Airways created MidAtlantic ("NEWCO") while in bankruptcy and sold it to Chautauqua in order to exit bankruptcy. A genius management idea if you ask me. The average (almost all) NWA pilots have never even heard of MidAtlantic and most, who have heard of it, don’t know what happened. Those who don’t learn from the past are doomed to have it repeated. The NWA pilots may rationalize their concessions because they are saving their pensions. That is exactly how U.S Airways and United saved their pensions. Oh wait? They still turned them over to the PBGC. Again, we are destined to repeat our mistakes.
The irony is some 22 year old RJ First Officer will be annoyed when an ex-NWA DC9/A319/A320/757/A330/747 First Officer holds captain but is more junior to him/her in their newly acquired 100 +/- seat RJs. But don’t worry, it won’t be long before that 22 year old makes captain and now has his seat and seniority.
According to senior management "NEWCO" WILL fly 100 seat jets at regional pay as MYNAMEISJIM stated. Management already considers this a fact. NEWCO might be a new regional (operated by furloughed NWA Pilots), or a division of mainline (C-Scale), or something else that no one has mentioned.
Initially NEWCO was intended to fly 100 seat jets. However, after the Bankruptcy senior management stated that the cost differences between operating 70 seaters at a Regional vs. at Mainline have become “negligible.” And, subject to significant negotiations, 70 seaters could realistically be flown by mainline pilots (at regional wages) i.e “NEWCO”.
If NWA pilots create a separate division, I predict “NEWCO” will become the next generation MidAtlantic. Created to give the impression of saving mainline jobs and providing jobs to furloughs (as DC-9s are quietly replaced by RJs at regional wages) and later sold to gain financing in order to exit bankruptcy. I can’t think of any contract language to prevent this because a judge can approve anything if it is “necessary” for the survival of the company and to exit bankruptcy.
U.S. Airways created MidAtlantic ("NEWCO") while in bankruptcy and sold it to Chautauqua in order to exit bankruptcy. A genius management idea if you ask me. The average (almost all) NWA pilots have never even heard of MidAtlantic and most, who have heard of it, don’t know what happened. Those who don’t learn from the past are doomed to have it repeated. The NWA pilots may rationalize their concessions because they are saving their pensions. That is exactly how U.S Airways and United saved their pensions. Oh wait? They still turned them over to the PBGC. Again, we are destined to repeat our mistakes.
The irony is some 22 year old RJ First Officer will be annoyed when an ex-NWA DC9/A319/A320/757/A330/747 First Officer holds captain but is more junior to him/her in their newly acquired 100 +/- seat RJs. But don’t worry, it won’t be long before that 22 year old makes captain and now has his seat and seniority.
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