Thread: Omni Air
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Old 05-27-2021, 07:58 AM
  #3034  
4dalulz
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Joined APC: May 2021
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Originally Posted by pitchtrim View Post
Initially you said Omni is furloughing, now you're guessing. What we know is they took government money like the rest of the industry took and not all of their flying has returned to pre covid levels yet. Time will tell how it pans out. For those in the pool they'll be waiting till things pick up.
Well if it wasn't forbidden by the bailout money then it would in fact be a furlough (see below). It seems that your flying actually exceeded COVID levels...

So last year we look at as a very unusual year for Omni because of the recovery flights that they ended up getting, and they didn't have much of a dip in their business, other than the commercial stuff that went away toward the end of the first quarter. And they actually outperformed what they did the year prior because of all the supplemental flights they were getting to get folks out of COVID hotspots and things like that and some additional governmental flying. So it was a very unusual year last year for Omni.
Ofcourse time will tell - but the omens are not good. I wouldn't be holding out for Omni if I was a guy in the pool.

Originally Posted by Cujo665 View Post
The one hull was due for heavy checks, they converted it to a freighter. It was also the oddball of the fleet in terms of flight deck setup & equipment. Letting it go saved a crapload of money in differences training, OE requirements, currency requirements, and scheduling headaches. It was a sound business decision.
I can see that being the case of a single airplane, but they obviously forecast reduced flying if they are in fact not replacing it (which you may know more being there - but ATSG didn't sound like they intended to replace it)

Originally Posted by Cujo665 View Post
We kept hiring through all of 2020 while everybody was furloughing; in spite of the fact that the contract they were all being hired for was cancelled by Covid. Several commercial contracts were suspended due to Covid very early last year. Nope, not a single furlough.
In fact noone (significant) in the industry furloughed because it was not permitted under the bailout schemes, but we'd all be being dishonest with ourselves if any of these companies would not furlough us - the fact that Omni is doing the "pay to stay home" thing a year after everyone else was should be concerning in that the "recovery" seems to be coming everywhere except there. The fact that ATSG Board of Directors said the followinig would be of tremendous concern to me;

We mentioned in our earnings release that Omni Air expects to receive 83 million in federal payroll support payments this year, the majority of which we have already received. These funds require Omni to refrain from involuntary furloughs of its flight crews and other personnel at least through September.
So if you guys are doing a 3 month voluntary furlough/leave (or whatever it's called) that would be what? June, July, August... September would see hard furloughs - or at least this seems to be the path ATSG is hinting at.
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