Originally Posted by
eaglefly
Yup. Just as suspected. An easily crafted letter of hopeful "projections". No different then the one penned in the early 2000's regarding Letter 3. I have no doubt Mr. Wilson wants to keep the Envoy ship steaming along as best he can, but AAG hasn't made any commitments to Envoy beyond what is already known.
What about the announcement Envoy will A. not shrink below 200 airframes and maintain current size. What about the announcement that Envoy will increase hiring to cover 50 pilot a month attrition to AA and elsewhere ?
Again, I see no COMMITMENTS, only hopeful PROJECTIONS.
They don't publish their fleet plan. You have to figure it our based on transfer schedules, SEC filings and other data. The reason for that is obvious. The CRJ transfer schedule on the PSA website is already the second transfer schedule, and now it's changed again such that Envoy needs to begin upgrading FO's to Captain. The upgrades are flow driven, not growth driven, and will continue long after other places stagnate, especially non-wholly owneds that don't have the flow to add to regular CA attrition.
What do you mean, you see no Commitment?
The commitment is 50% of every AA new hire class; and as you've seen we're doing well above that the past few years. Hate them all you like; their plan is working exactly as they said it would.
It's a good time to be an Envoy pilot