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Atlas to be sold? Hmmm...

Old 08-01-2022, 03:10 PM
  #11  
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Curious as to how DHL feels about this?
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Old 08-01-2022, 03:18 PM
  #12  
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Originally Posted by Fillmore Slim View Post
Curious as to how DHL feels about this?
Does it really matter? DHL has given away most of Atlasís domestic flying and hasnít grown our international network. So what does it matter how one of our investors feels about it if they refuse to grow us.
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Old 08-01-2022, 03:20 PM
  #13  
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Originally Posted by Fillmore Slim View Post
Curious as to how DHL feels about this?
They will more than likely keep their shares and as long as the boxes keep moving more-or-less on-time DHL could care less who owns one of their subcontractors.
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Old 08-01-2022, 03:22 PM
  #14  
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I think it could be a positive for you guys! Since Apollo took on Sun Country, they at least were willing to green light investment into attracting and maintaining talent as well saw with their CBA and have attempted to grow them.
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Old 08-01-2022, 03:26 PM
  #15  
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Originally Posted by ACMIguy View Post
Does it really matter? DHL has given away most of Atlasís domestic flying and hasnít grown our international network. So what does it matter how one of our investors feels about it if they refuse to grow us.
Due to the fact that they own 49% of the polar certificate and the very lucrative asia trade routes associated with it?
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Old 08-01-2022, 04:21 PM
  #16  
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This could be the best thing ever for Atlas crews or the worst. Too early to tell, but one can make an educated guess. Given Apollo owns Merx Aviation, a 208 aircraft dry leasing company, and Atlas tried in 2010 to sell off the aircraft minus the crews ( aka Project Panther ) does not bode well. Now it seems itís been revealed why Atlas isnít concerned about 500 plus pilots quitting annually. This deal has been in the works before the latest amalgamated contract. Which also explains why the amalgamation clause was eliminated; their biggest weapon against the pilot group. Management knew they would never need to worry about another CBA again.

Hopefully a Sun Country type outcome is in store, but given the 30 year track record of what management is capable of in regard to treatment of their crews, anything is possible. One thing is certain, our multitude of executive VPís will be using their golden parachutes soon.
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Old 08-01-2022, 04:36 PM
  #17  
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Which also explains why the amalgamation clause was eliminated; their biggest weapon against the pilot group. Management knew they would never need to worry about another CBA again.
AhÖ.the other shoe just dropped.
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Old 08-01-2022, 04:37 PM
  #18  
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Originally Posted by Turbine1 View Post
This could be the best thing ever for Atlas crews or the worst. Too early to tell, but one can make an educated guess. Given Apollo owns Merx Aviation, a 208 aircraft dry leasing company, and Atlas tried in 2010 to sell off the aircraft minus the crews ( aka Project Panther ) does not bode well. Now it seems itís been revealed why Atlas isnít concerned about 500 plus pilots quitting annually. This deal has been in the works before the latest amalgamated contract. Which also explains why the amalgamation clause was eliminated; their biggest weapon against the pilot group. Management knew they would never need to worry about another CBA again.

Hopefully a Sun Country type outcome is in store, but given the 30 year track record of what management is capable of in regard to treatment of their crews, anything is possible. One thing is certain, our multitude of executive VPís will be using their golden parachutes soon.
Apollo has a 30 year track record of Sun Country type acquisitions, and no record of corporate raids, so I'm going to go with that.

But it's still way too early to tell. There are a lot of reasons why a deal like this can fall through.
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Old 08-01-2022, 05:01 PM
  #19  
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Sun Country is still owned at least partially by Apollo, I believe. This move for Atlas may create some interesting developments in the "Amazon Air" space
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Old 08-01-2022, 06:48 PM
  #20  
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While the contract at Sun Country is not directly related to Apollo Management itself, here are their rates vs Atlas on the 737

Year 1 SY FO 78 vs 5Y 92
Year 1 SY CA 196 vs 5Y 171

Year 3 SY FO 123 vs 5Y 122
Year 3 SY CA 215 vs 5Y 179

Year 7 SY FO 150 vs 5Y 134
Year 7 SY CA 228 vs 5Y 198
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