Stop playing the VICTIM CARD

90% of the posts on this form is constant whining!

10,000 pilots are looking at a substantial pay cut.
Some of you guys have law degrees, MBA and other Masters degrees so why don’t find a few leaders in your group and come up with your own bankruptcy buyout plan where the pilots takeover the airline. There’s plenty of capital in the world to do it.

Step up and take some positive action.

 

How do you turn a group of people who have billions of dollars into a group that has millions of dollars?

 

Before you do talk to a few ual guys on how their buyout went.

 

'Been there, seen that...don't do it under any circumstances.

Pilots are good at managing the procedure-driven operation of airplanes...period. Your suggestion is a Chapter 7 (liquidation) just waiting to happen.

 

I think they looked into an ESOP a little while back. The web site was buyitfixit.org but, the website does not work.

As I understand it, the esop rules had changed and their plan was better than the UAL ESOP but they could not get any takers and it faded away. Maybe someone in the know could comment on it.

CAL pilots tried an ESOP When Frank Lorenzo tried to acquire CAL but the state of CA approved Franks plan after he PROMISED not to move the corporation out of the state of CA. I think it only lasted 6 weeks in CA before he moved it to the same state that used prison laborers to build the state capital instead of using stone masons.

Besides, Wall Street will never let the peasants own an airline. Capitalism is for the elite to privatize the gains and then socialize the losses. Corporate Welfare, only in Amerika (or maybe China and USSR too).

Craig

 

Yes, this is bad idea. Very bad idea.

 

I think SWA had a secretary that became CEO and the US Air Force, Naval Air Forces use pilots to run their air wings. I have never heard of the USAF, USN, USA or USMC bring in someone from the four criminal institutions of Harvard, Princeton, Yale or Wharton to manage their air wings. I say pilots could do a much better job as evidenced by management pukes that have been at the helm of all these airlines that have gone bankrupt since deregulation and there have been 150+ bankruptcies since then. All you need to do is get the pilots to run the operations side of the house and then outsource the menial management tasks of making copies and getting coffee to Kelly Girls.

Airlines are a Ponzi Scheme that uses shell game accounting practices to extract the wealth from its employees and common stock share holders to benefit the banks that loan the airline the money.

Craig

 

Re-regulate.

 

Whatever.

(United has a pilot running flight operations.....)

 

[QUOTE=Old UCAL CA;1094777]Whatever.

Whatever my ***.

These airline management teams suck and have a horrible track record, 150+ bankruptcies.