Originally Posted by
Wing Sweep
Could Omni pilots really see a pay decrease with this change of events? Would it even be legal?
Short answer..yes. Here is how it will happen. Omni has no debt..all but 2 aircraft are owned outright. Those assets (aircraft) will be transferred to the black hole CAM Leasing ..another ATSG holding company. Omni will then start making ridiculously high lease payments on aircraft that just days before they owned free and clear. Cam will increase its record profits while Omni crews will be told their costs are too high and concessions are necessary to remain profitable. Also no money will be paid to Omni for those assets...just gone! We have seen this happen at ABX with all our airframes. Watch your aircraft by serial number. Ours are tied to our retirement..and our scope does not allow a sister airline to operate them once they have been added to our certificate. If Omni does not have any scope ...the airframes can be transferred to anyone. Good luck.