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Was CAL headed towards CH 11 Part III before merger ?

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Because CAL has a "project Zanzibar" just like AWA did before they were infused with a bunch of cash to by the lucrative east. CAL is nothing more than along for the ride, United is controlling this every step of the way.
 
Shrek said:
http://www.gurufocus.com/news.php?id=106870

Why release this in the press now?!
Click to expand...

CAL didn't get a loan with it's spare parts inventory as collateral at 15% interest rates. CAL wasn't parking over 100 aircraft. CAL hasn't furloughed over 1400 pilots. CAL wasn't being shopped out to the highest bidder in a constant attempt to find a merger partner.

LTD gets reshuffled all the time. It's a problem but obviously not a big problem for CAL based on it's ability to secure relatively low interest rate financing during the 2nd worst economic downturn in America's history.
 
CAL would have furloughed a ton if they would have given away scope to let other airlines fly their routes with E 170's. That is the reason why United has so many furloughed and CAL only a handful.

M
 
AWACoff said:
CAL didn't get a loan with it's spare parts inventory as collateral at 15% interest rates. CAL wasn't parking over 100 aircraft. CAL hasn't furloughed over 1400 pilots. CAL wasn't being shopped out to the highest bidder in a constant attempt to find a merger partner.

LTD gets reshuffled all the time. It's a problem but obviously not a big problem for CAL based on it's ability to secure relatively low interest rate financing during the 2nd worst economic downturn in America's history.
Click to expand...

When will you learn speed racer that parking the guppies and furloughing the pilots was done to "right-size" (Tilton's words, not mine) the airline. That greased it's way through the DOJ and Tiltons gettin paid.

So, about that article?
 
Who knew it was UAL and USAir(old, not LCC) that were actually were right for each other. It's no wonder those two pilot groups didn't like each other, they were so much alike. CAL has my sympathy.
 
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St. Nic said:
Because CAL has a "project Zanzibar" just like AWA did before they were infused with a bunch of cash to by the lucrative east. CAL is nothing more than along for the ride, United is controlling this every step of the way.
Click to expand...

Still upset about your seniority list?



http://dictionary.reference.com/browse/binding+arbitration



Main Entry: binding arbitration
Part of Speech: n
Definition: a judgment made by a third party to settle a dispute between two other parties, which is obligatory (both parties agree in advance to abide by the result)
Usage: law
 
AWACoff said:
CAL didn't get a loan with it's spare parts inventory as collateral at 15% interest rates. CAL wasn't parking over 100 aircraft. CAL hasn't furloughed over 1400 pilots. CAL wasn't being shopped out to the highest bidder in a constant attempt to find a merger partner.

LTD gets reshuffled all the time. It's a problem but obviously not a big problem for CAL based on it's ability to secure relatively low interest rate financing during the 2nd worst economic downturn in America's history.
Click to expand...

I believe Smisek was the one who made the happy birthday phone call to Glenn. Literally!!
 
St. Nic said:
Because CAL has a "project Zanzibar" just like AWA did before they were infused with a bunch of cash to by the lucrative east. CAL is nothing more than along for the ride, United is controlling this every step of the way.
Click to expand...

:laugh::laugh:

Um, job stealer, aka st. nic.
Calling Us Air East lucrative is like calling Al Qaeda peaceful!
Keep up the work junior. I'm sure that 190 pay is killing you!
 
Scope out RJ's said:
:laugh::laugh:

Um, job stealer, aka st. nic.
Calling Us Air East lucrative is like calling Al Qaeda peaceful!
Keep up the work junior. I'm sure that 190 pay is killing you!
Click to expand...

Thanks for the personal attack- is that the best you can do? For a DALPA cheerleader who loves to throw their comair comrades under the bus, I guess so. And FYI, I'm flying a Boeing.
 
AWACoff said:
CAL didn't get a loan with it's spare parts inventory as collateral at 15% interest rates. CAL wasn't parking over 100 aircraft. CAL hasn't furloughed over 1400 pilots. CAL wasn't being shopped out to the highest bidder in a constant attempt to find a merger partner.

LTD gets reshuffled all the time. It's a problem but obviously not a big problem for CAL based on it's ability to secure relatively low interest rate financing during the 2nd worst economic downturn in America's history.
Click to expand...

This is not a UAL vs. CAL thread.......pssst we are merged ...lol. Because we all know CAL was the most incredible airline to ever grace this planet.

You never answered the question - why would somebody release this press now? Keep your emotion out of it - if you can.
 
Shrek said:
http://www.gurufocus.com/news.php?id=106870

Why release this in the press now?!
Click to expand...

As retaliation for how things are going at the collective bargaining table. We've made some minor gains of late and mgt is not pleased. And, so pilot groups can play into their hands. This is standard stuff for CAL mgt. Been this way a long time. End of the year when it's time to pass out mgt bonuses, this will be meaningless.
 
Seems plausable..........I was thinking along the same lines with the MEC throwing the scope demands public. I guess two can play at that game......

Thank you for a non-FI response :)
 
This is a friendly warning from your neighborhood moderator.

This is a CAL thread.

You have been repeatedly warned about bringing up USAirways/AWA issues in a non-related thread. The next person who brings it up again gets a 7 day suspension. The next person after that... 30 days. The next person after that... I'm gonna start kicking people's tails right off this board permanently.

Stow it.

Thanks,

We now return you to your pre-shark-jumping CAL/UAL discussion.

/mod
 
Thank you Lear- this thread and article has no bearing on pilot issues- looking for wedges is NOT the answer- if you ask why the press release now- it's my belief that mgmt might love to have the pilots duke it out for years on end if it gains them something contractually. The only lesson is don't play into it no matter what conspiracy theory is out there.

Make your case - let it be arbitrated- live with it and get the contractual gains you both more than deserve. Don't be an example of how NOT to conduct a merger- SHOW management that they cannot divide us - be like drew brews and Jared Allen - be unified.
 
Was CAL headed towards bankruptcy? NO! This is from a website called gurufocus.com? Must be a friend of Jeff.

Note to Jeff-nice try.
 
About Author

Sudhanshu Jain is an MS Finance student at The University of Texas at Dallas. He has passed CFA Level I Exam and is a CFA Level II Candidate. He has also cleared GARP FRM Part I Exam and is a candidate for FRM Part II Exam. Sudhanshu has about two years of experience working as a financial analyst and has interests in turnaround, restructuring, value investing and equity analysis.
Click to expand...

Stellar credentials
 
Skyflyin said:
Was CAL headed towards bankruptcy? NO! This is from a website called gurufocus.com? Must be a friend of Jeff.

Note to Jeff-nice try.
Click to expand...
What do you mean NICE TRY.....it was an honest question - why would he put this out there AFTER the merger was this far in progress? RTFQ pause - then read again slowly.

Skyflyin - since you know who I am but maybe you don't know me personally. I have many friends over at CAL and wouldn't want what has happened to me (furlough) to happen to ANYBODY (except the SCABS of course) at our (UAL/CAL) airline. I have watched my newest daughter grow up on Skype (she is one now) while I am in Southeast Asia working 6 days a week trying to keep my sanity. In less than a month after the shareholder votes it will be United Airlines.....start acting like it.

I am looking forward to having a career again under a leading contract.
If I have bruised your delicate sensabilties by asking a simple question - you have bigger problems to conquer.

For you to think that I have alterior motives about the post - well - you don't know me. Try giving me an e-mail to try to explain your point in more detail. I know you won't. BTW it isn't that hard to figure out my name - it isn't a secret sooo - Nice Try.

Back to the thread.......

JP
 
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waveflyer said:
Thank you Lear- this thread and article has no bearing on pilot issues- looking for wedges is NOT the answer- if you ask why the press release now- it's my belief that mgmt might love to have the pilots duke it out for years on end if it gains them something contractually. The only lesson is don't play into it no matter what conspiracy theory is out there.

Make your case - let it be arbitrated- live with it and get the contractual gains you both more than deserve. Don't be an example of how NOT to conduct a merger- SHOW management that they cannot divide us - be like drew brews and Jared Allen - be unified.
Click to expand...

Agree wholeheartedly.

I am thinking the scope article put out by CPT Pierce got them more than a little pissed.
 
Shrek said:
What do you mean NICE TRY.....it was an honest question - why would he put this out there AFTER the merger was this far in progress? RTFQ pause - then read again slowly.

Skyflyin - since you know who I am but maybe you don't know me personally. I have many friends over at CAL and wouldn't want what has happened to me (furlough) to happen to ANYBODY (except the SCABS of course) at our (UAL/CAL) airline. I have watched my newest daughter grow up on Skype (she is one now) while I am in Southeast Asia working 6 days a week trying to keep my sanity. In less than a month after the shareholder votes it will be United Airlines.....start acting like it.

JP
Click to expand...

Whoa, easy there Shrek. Don't go all Ogre on me. The Jeff I refer to is Jeff Smisek, the CEO of Continental. I am alluding to him planting this little gem in the media to try and sway the pilots into not asking for too much or to sway public opinion. My response - Nice try, but we are smarter than that.

Sorry if I offended you, Jeff
 
I think Mr. Sudhanshu Jain probably just earned himself a round trip home in first class.... Or maybe a new Beemer....
 
Skyflyin said:
Whoa, easy there Shrek. Don't go all Ogre on me. The Jeff I refer to is Jeff Smisek, the CEO of Continental. I am alluding to him planting this little gem in the media to try and sway the pilots into not asking for too much or to sway public opinion. My response - Nice try, but we are smarter than that.

Sorry if I offended you, Jeff
Click to expand...

So now you are calling me Smisek !!!! :angryfire lol

Ok I owe you a beer or two......sorry for the confusion - :beer:
Can I hold onto that feeling and use it on the picket line if it comes to that ?!

Maybe Asia is gettin to me........arrrrg
 
Shrek said:
Ok I owe you a beer or two......sorry for the confusion - :beer:
Can I hold onto that feeling and use it on the picket line if it comes to that ?!
Maybe Asia is gettin to me........arrrrg
Click to expand...

Yes, hold onto that because I think we are gonna need it for the picket line over scope if management doesn't learn to say yes.

Here is hoping they do say yes and we have you back ASAP.

Cheers
 
Come on guys. Does everything have to be some vast conspiracy? This idiot (Sudhanshu Jain) is in grad school for God's sake (not even a highly ranked one at that). I see two likely scenarios:

A) He completely botched the calculations for his Altman Z score analysis.
B) He misapplied the Altman Z score. Using the Altman Z score for any airline would yield the same results (a score below 1.8).

The thought that some grad student at the University of Texas at Dallas would accurately predict the demise of CAL before the thousands of analysts on Wall St is ridiculous at best. Do people believe everything they read on the internet?
 
Shrek said:
So now you are calling me Smisek !!!! :angryfire lol

Ok I owe you a beer or two......sorry for the confusion - :beer:
Can I hold onto that feeling and use it on the picket line if it comes to that ?!

Maybe Asia is gettin to me........arrrrg
Click to expand...

Shrek, since there are vacancies on this current bid with the 787's coming on line, if given the chance would you take a new hire position here at CAL? I am curious as to how many furloughed UAL guys would take it.

Cheers
 

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