Atlas to be sold? Hmmm...
#251
On Reserve
Joined APC: Aug 2022
Posts: 15
#254
Yup, it will be interesting on how much brake pressure will FedEx apply to its hiring as they shut down 90 offices and 5 corporate locations. Impact or not recession is not a mirage any longer no matter what perspective one might hold. Businesses aren’t booming enough by any means to offset the impacts of the shutdown. Crazy times on every issue or agenda one might have. Time will tell. Brown’s better not bigger might just show to be the best approach on that side of the fence.
#255
The one thing FedEx will not be doing is putting the brake on hiring. The CBA agreement gives retiring pilots a $40,000 bonus if they give a 1 year advance notice of retiring. The company knows what we need for the future and are replacing 40% of the force due to retirement. There will be no break in hiring. What could happen though could be dropping our wet leases since our flying is reduced opening up room to replace the wet lease flights.
#256
Yeah, I agree there may be some reasons not to expand right now. Interesting that we have 3 more 747s and 4 more 777s about to hit the line. I really hope they have some customers lined up for all those new airplanes. And FYI they are max hiring into all airframes right now.
#257
Makes sense, cancel the wet leases and pay the penalty fee (the current abnormally long ones) to replace with iron coming on line or just not needed at all due to current issues if they turn out plausible. Also, do not wet lease the numerous tails for the past decade for peak at both Purple and Brown. Brown plays their business a bit differently so we’ll see what the requirements are if any materialize and it will be a good litmus test to current events on how each approach peak and the validity of aforementioned current events. Aircraft from others may not be needed based on the economy issues as well time will tell. Stay frosty it’s anyones guess.
#258
#259
#260
Overall or in the end it doesn’t matter what rules we live under as restructuring is going on, planned on or awaiting forced action if the future forcasts are correct. I know, “there are rules” and then there are lawyers so loop holes, amendments or “extreme restructuring” have their ways. We just have to keep up the good fight. Demand is demand and bills need to be paid and profits maintained to some extent or perish. Optimization has arrived or will arrive in some form or fashion as it’s always being strived for. Business is business and if you had one or have one it’s understood. Contracts are constantly tested to put out fires, squeeze more juice and be more efficient. Business is war in the most non lethal sense. (Not to be misconstrued with actual war).
Last edited by C17B74; 09-22-2022 at 08:21 PM.
Thread
Thread Starter
Forum
Replies
Last Post