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There will be no merger, so don't worry about that. Worry about Matlin Patterson Global Opportunies Partners II, the vulture fund that raped and pillaged ATA, saddled it with the debt from purchasing WLDA, and torched it.
I believe they are in the process of closing on Arrow Air, and a company like Gemini fits right into their M.O. They are eager to resurrect their South American interests, since their Variglog deal turned to sh!t and they had to run around S.A. repo'ing airplanes this winter.
Good luck, you're going to need it.
I disagree, regarding the debt and I may add all significant operational support effectively ended when the GAL transaction closed. M-P picked the operation with the highest labor costs, and deliberately tanked it.
World and NAA - if they are profitable now - are only so because of the HUGE windfall of business they recieved as a result of the lion's share of the AMC flying being re-directed to those properties. They'll look like hero's when they launch the IPO - at the expense of 2,500 ATA employees and their families.
How are our former DC-10's working out for you, by the way?
MD11 Drvr, I don't think you will change Cat. Seth's mind. It's plainly obvious he has a chip on his shoulder and wants to place blame on fellow pilots instead of the corporate weenies or maybe his own company.
But I appreciate the posts, very educational.
You got a lot of nerve saying that! Hugh windfall...right...we had airplanes sitting around doing nothing. Lion's share!!! The 3 L-1011s brought in the lions share...SCOFF!! The 757 you say, AMC hates the 757!...HUGE windfall of business they recieved as a result of the lion's share of the AMC flying being re-directed to those properties....
I disagree, regarding the debt and I may add all significant operational support effectively ended when the GAL transaction closed. M-P picked the operation with the highest labor costs, and deliberately tanked it.
World and NAA - if they are profitable now - are only so because of the HUGE windfall of business they recieved as a result of the lion's share of the AMC flying being re-directed to those properties. They'll look like hero's when they launch the IPO - at the expense of 2,500 ATA employees and their families.
How are our former DC-10's working out for you, by the way?[/quote
Seth, do yourself a favor, focus your energy on getting a new job before 900 United Pilots hit the street and take them.
Your seat grab lawsuit failed, World did not bring this upon you.
As for the DC-10 comment.............we luv em.
MD
Not to change the subject.....
But what's up at Gemini?
They're in bankruptcy, they have terminated all pilots and FE under a year, the company is not paying those guys for the last to weeks of service, their corporate credit cards have been canceled and they are set to auction business and assets off in Aug.
http://www.bloomberg.com/apps/news?pid=20601127&sid=auorTg0RWZBE&refer=law
On a lighter note, more than a hand full of GAC MD11 pilots are interviewing at World this week. All information that I have is from a friend at GAC.
PtP
I just got word from a good friend at Gemini that company is NOT going to pay back the pilot group for using their own credit cards for travel and hotels these last couple of months after they lost their AMEX account.