Originally Posted by
bonvoyage
A good friend at a wholly owned told me American wants to sell them to reduce the cost that came with the higher pay and that is the only way out of the contracts early. Is that rumor true?
Good grief, learn from History. AA puts their regionals up for sale anytime contracts are getting close to becoming amendable.
Eagle (when it was Eagle) was for sale in 2008, then again in 2010 when they wanted more concessions or you're being sold, then again in the bankruptcy more concessions, and even AFTER the bankruptcy they demanded more concessions under threat of being Comair II (since theyd run to the "for Sale" thing so often nobody believed it anymore. In that case, they did watch as EagleVoy went from 3200 pilots to 1800. It coincided with the increased mainline hiring everywhere, but they did NOTHING to stop the bleeding until late 2015 when they started giving back everything they took in December 2015, then continued until we ended up with $100k Fo's and $200k-$350k CA's...
You can expect a merger of the WO's down the road, they'll buy a few more of the smaller feed providers, they'll come up with the word American Connection for non-owned carriers and keep American Eagle for owned carriers. Heck, they may even buy Silver in bankruptcy and rebrand it executive (since AA still holds the operating certificate) and have them run a base in SJU again.....
AA doesn't do anything new, they have a 30-35 year cycle, then they repeat.