NAA shutdown

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04-22-2014, 01:30 PM

#31

brn2fly1

Fly it like you stole it!

Joined APC: Feb 2010

Position: 767 Captain

Posts: 136

Depends what side of the fence you are on. Again its sad what GAL has done to three airlines. Omni takes over sometime in the beginning of May.

04-22-2014, 01:33 PM

#32

bigboeings

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Joined APC: Jan 2011

Position: 737 Captain

Posts: 233

Bad very bad!!

04-22-2014, 01:48 PM

#33

dc10pilot

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Joined APC: Feb 2007

Posts: 219

Quote:

Originally Posted by bigboeings

Bad very bad!!

for who ? bad for NAA yes, ended sooner then some thought
good for Omni - more business

04-22-2014, 04:02 PM

#34

jonnyjetprop

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Posts: 1,408

It's far from a done deal. They must get approval from the bankruptcy court and there are some big players against the deal.

04-22-2014, 04:32 PM

#35

Packrat

Banned

Joined APC: Nov 2013

Position: 7th green

Posts: 4,378

Face it. World is dead. NAA is gone. Omni got the IAD operation. The good news is the regionals can't hire fast enough. You've got a real shot at a new job there, JJP.

04-22-2014, 04:33 PM

#36

LNL76

Junior Senior

Joined APC: Feb 2012

Position: Whiskey Papa

Posts: 2,850

Quote:

Originally Posted by jonnyjetprop

It's far from a done deal. They must get approval from the bankruptcy court and there are some big players against the deal.

Who would that be? Do tell....

04-22-2014, 05:40 PM

#37

jonnyjetprop

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Posts: 1,408

Quote:

Originally Posted by LNL76

Who would that be? Do tell....

Big companies (ILFC, GECAS, the owner of the building at PTC, etc.) that haven't been paid everything that they are owed since the bankruptcy filing. Cerberus wants 95% of the proceeds and these companies want to be paid out of the proceeds. The judge refused to sign off on the deal without a hearing. Check it out with your union of choice or look at the filings online.

04-23-2014, 09:11 AM

#38

FL450

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Joined APC: Jun 2008

Position: Thrill Seat

Posts: 467

Quote:

Originally Posted by jonnyjetprop

You don't understand the power and networks of the owner of Omni. He's a very business savvy and well connected individual. I'm sure the financial package proposed was enough to satisfy the debtors and the rest is the holding company of world and NAA problem.

On a good note don't the NAA and world pilots get first look for 24 months?

04-24-2014, 05:08 AM

#39

Whaledriver

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Joined APC: Sep 2005

Position: Left Seat

Posts: 466

"Ohhh Goodie, first look at Omni?" That was a quote from an ex-NAA guy here at Atlas, last nite. Not sure how the contracts and pay compare. The word is that World guys/gals are getting a priority shot at Atlas, maybe worthwhile effort for the NAA guys/gals. Sounds like hiring is back onspeed.