Atlas to be sold? Hmmm...
08-04-2022, 12:45 PM
#91
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,462
Originally Posted by jtg76
From a Hill City Capital insider:
The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.
The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.
08-04-2022, 12:45 PM
#92
Line Holder
Joined APC: Apr 2022
Posts: 67
Originally Posted by jtg76
From a Hill City Capital insider...
I'm imagining jtg76 saying this at night with a flashlight pointing up his face all spooky looking.
Honestly, I couldn't think of a more convoluted and painful way for Amazon to do what he described. Would be a lot easier to just, you know, start a new airline. Certainly not by having some random private equity company pay a ******* fortune for Atlas and then start shuffling the deck all while fighting lawsuit after lawsuit by the union. But then that's not nearly as fun to post online.
08-04-2022, 12:53 PM
#93
Gets Weekends Off
Joined APC: Oct 2018
Posts: 300
Originally Posted by jtg76
From a Hill City Capital insider:
The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.
The plan is to fragment the airline, breaking into two airlines and profit off the sales of each individual airline once restructured. Needs to go private to get done outside shareholder approval.
Amazon is taking 737, 767, 777s and the remaining 747s will be restructured back into the old Atlas Air model.
Amazon wants their own airline without the Teamsters Union and without the high pay scales, they want all pilots starting on year one pay, all pilots brought on Amazon property will need to apply.
Talks of strong union members being denied. From my understanding a large social media campaign researching the pilot group has already been implemented to weed out strong union supporters.
It’s been a slow Thursday, I needed that! Lol haha
08-04-2022, 12:53 PM
#94
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,462
Originally Posted by SealingStemBolt
I'm imagining jtg76 saying this at night with a flashlight pointing up his face all spooky looking.
Honestly, I couldn't think of a more convoluted and painful way for Amazon to do what he described. Would be a lot easier to just, you know, start a new airline. Certainly not by having some random private equity company pay a ******* fortune for Atlas and then start shuffling the deck all while injuring lawsuit after lawsuit by the union. But then that's not nearly as fun to post online.
Honestly, I couldn't think of a more convoluted and painful way for Amazon to do what he described. Would be a lot easier to just, you know, start a new airline. Certainly not by having some random private equity company pay a ******* fortune for Atlas and then start shuffling the deck all while injuring lawsuit after lawsuit by the union. But then that's not nearly as fun to post online.
08-04-2022, 12:57 PM
#95
Line Holder
Joined APC: Apr 2022
Posts: 67
Pretty sure jtg76 is a new hire. I'm guessing that post is his "seniority enhancement plan."
Which reminds me, I heard through a reliable source this deal is being funded by raiding our 401ks. If you're a senior captain I HIGHLY recommend retiring early or moving on before the deal is done. If you're junior to me, eh do whatever.
Which reminds me, I heard through a reliable source this deal is being funded by raiding our 401ks. If you're a senior captain I HIGHLY recommend retiring early or moving on before the deal is done. If you're junior to me, eh do whatever.
08-04-2022, 12:59 PM
#96
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,462
Originally Posted by SealingStemBolt
Pretty sure jtg76 is a new hire. I'm guessing that post is a "seniority enhancement plan."
Which reminds me, I heard through a reliable source this deal is being funded by raiding our 401ks. If you're a senior captain I HIGHLY recommend retiring early or moving on before the deal is done. If you're junior to me, eh do whatever.
Which reminds me, I heard through a reliable source this deal is being funded by raiding our 401ks. If you're a senior captain I HIGHLY recommend retiring early or moving on before the deal is done. If you're junior to me, eh do whatever.
Heard from an Apollo Insider.
08-04-2022, 02:18 PM
#98
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,462
Originally Posted by Sailfish234
When words like EXCITING are used, its scares the hell out of me. Think every Atlas pilot should ask for a print out of flights for their logbooks…history repeats itself
08-04-2022, 02:21 PM
#99
Gets Weekends Off
Joined APC: Oct 2018
Posts: 300
Originally Posted by Sailfish234
When words like EXCITING are used, its scares the hell out of me. Think every Atlas pilot should ask for a print out of flights for their logbooks…history repeats itself
Is this another attempt to jump seniority? Do you prefer JD to use the words “worrying”…because that usually scares the heck out of me
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