Bankruptcy Risks Mount for AA
10-29-2020, 01:51 AM
#131
Gets Weekends Off
Joined APC: Jan 2016
Position: Left
Posts: 1,188
Originally Posted by Andy
ROTFLMAO! Nice deflection. When caught lying, blame the guy who calls you out for your lies.
You missed your calling as a politician.
You missed your calling as a politician.
The numbers I put out where given by WN . Why don’t you go down to Dallas and set them straight. Seems you know more then they do .
10-29-2020, 02:58 AM
#132
Banned
Joined APC: May 2017
Posts: 2,012
Originally Posted by TransWorld
Yes, the credit is collateralized by planes. Say, they were loaned to 80% of resale value. Now the the resale value has dropped to 10%.
Court offering thirty cents on the dollar and planes worth forty ... take the money. Court offering ten and planes worth 50? Take the planes and flip them to someone for twenty
10-30-2020, 07:45 AM
#133
You scratched my anchor
Joined APC: Feb 2011
Posts: 4,876
10-30-2020, 08:13 AM
#135
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by tommy2times
What were the pay concessions in the last bankruptcy? I know I lost $10k myself on AMR stock.
IIRC pay rates actually went up slightly (like 3%) but pay banding came into effect offsetting that, 767 was banded down to 757 rates, 737 banded down to MD80 rates. but work rules, average day, SCOPE, etc. were all gutted.
10-30-2020, 10:15 AM
#136
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,097
Originally Posted by Al Czervik
It's nice to read the opinion of someone who isn't shorting us
10-31-2020, 04:01 PM
#137
Gets Weekends Off
Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by ZeroTT
Closest to the last option
i think when AA files chapter 11 there’s a chance some creditors may just take their property and walk. What happens if AA loses all their a320’s and all their lhr slots (mix and match collateral as you like)
Does it implode?
i think when AA files chapter 11 there’s a chance some creditors may just take their property and walk. What happens if AA loses all their a320’s and all their lhr slots (mix and match collateral as you like)
Does it implode?
10-31-2020, 05:42 PM
#138
Occasional box hauler
Joined APC: Jan 2018
Posts: 1,684
Originally Posted by pangolin
You gotta be realistic. Who needs the airplanes? Nobody.
11-01-2020, 12:57 PM
#140
Gets Everyday Off
Joined APC: Aug 2016
Position: Relaxed
Posts: 6,947
Originally Posted by Halon1211
If there is Chapter 11, how will my AAdvantage miles be affected?
Everything from no change to full abolishing the program, and everything in between are on the table.
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