Originally Posted by
eaglefly
Not a vary smart plan if it is. The risk is what if attrition exceeds the rate at which they can replace the flying. If it does, they have to relinquish market share to competitors that is very difficult to regain.
Isn't there a no furlough clause at Envoy ?
Most of the pilots leaving in uncontrolled fashion (to outside carriers) aren't outside the proposed 12/4 caps, so little to be gained there. No, I think Envoy is essentially become a rudderless ship loaded with pilots looking for a life raft. The majority who stick it out are all senior topped out 18-year lifers like RJ pilot and then what have they got left ?
A carrier that will HAVE to be subject to consolidation to reset the remaining lifers compensation (if they want to stay). Right now, they've just decided to burn the furniture to heat the house until it's time to torch it for the insurance (asset acquisition with an offer of employment, a'la TWA).
Honest question. Out of curiosity what makes you think there is any similarity between asset acquisition of Envoy and TWA? Or am I not understanding correct?
Because Envoy does not own the airplanes nor any other asset, it's owned already by AAG. Whereas TWA was its own separate company at the time of AMR acquisition. Therefore if AAG wanted to close up Envoy Flight Ops there is really not a whole lot to prohibit it, and it would not be necessary to offer employment for those pilots left if they didn't want to.
I'm not implying a shutdown will or will not happen, but curious how you came to that conclusion relating Envoy to TWA, unless I'm not understanding your statement.