Atlas to be sold? Hmmm...
08-03-2022, 04:35 PM
#71
Gets Weekends Off
Joined APC: Dec 2019
Posts: 105
Originally Posted by N152SY
Atlas isn’t the only one Amazon tries to dictate operational control over. Carry a print out of 121.533 and hand it to the ramp lead and walk away.
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08-03-2022, 09:09 PM
#72
Line Holder
Joined APC: Nov 2012
Position: B-777 Captain
Posts: 99
Originally Posted by 160to4
She mistook you for the space-suited wholly owned Amazon carrier
08-03-2022, 09:30 PM
#73
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Joined APC: May 2013
Position: No Hats No Jackets No PAX
Posts: 1,495
Originally Posted by 160to4
Actually I read somewhere that the qualification goes very junior, straight out of training almost (for FOs any way). No one bids for it because they usually depart late and once they do, reserves could end up doing red eyes to the Caribbean.
08-03-2022, 09:45 PM
#74
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Joined APC: May 2013
Position: No Hats No Jackets No PAX
Posts: 1,495
Originally Posted by Lionhaart
When it comes to pilots - Amazon is still on the learning curve
*Watch out as they learn to work around pilots it won’t be pretty. Keep up your due diligence to stem the tide.
08-03-2022, 10:36 PM
#75
Rubber dogsh#t out of HKG
Joined APC: Jan 2008
Position: Senior Seat Cushion Tester Extraordinaire
Posts: 620
Originally Posted by ACMIguy
As much as I enjoy the easy domestic Amazon flying (live in base CVG) I don’t really want Amazon owning or controlling us. They’re a nastier, more poorly run version of DHL. They micro-manage Atlas operations. After one recent red eye we were given the wrong parking assignment by Amazon ops. They parked us on the Amazon ramp when we were supposed to be over at the DHL side. About 25 minutes after blocking in we were waiting for the van over to ops (where my truck was parked). The Amazon ramp lead told me I “was not allowed to leave” until they figured out who was going to reposition the aircraft over to DHL. I called Atlas ops and they said mx was already on its way to tow the plane over. The Amazon Lead told me I wasn’t allowed to leave until they showed up. Of course I told her she had zero operational control over my duties. Got in the van and left.
08-04-2022, 04:30 AM
#76
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Thread Starter
Joined APC: Mar 2005
Position: LAMA/P180/747
Posts: 427
Looks like it’s a done deal:
https://www.globenewswire.com/news-r...2-Billion.html
PURCHASE, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide (Nasdaq: AAWW) (“Atlas” or the “Company”), a leading global provider of outsourced aircraft and aviation operating services, today announced that it has entered into a definitive agreement to be acquired by an investor group (“the Consortium”) led by funds managed by affiliates of Apollo (NYSE: APO) together with investment affiliates of J.F. Lehman & Company and Hill City Capital in an all-cash transaction with an enterprise valuation of approximately $5.2 billion.
Under the terms of the agreement, Atlas Air Worldwide shareholders will receive $102.50 per share in cash, representing a 57% premium to the 30-day volume-weighted average trading price per share of Atlas Air Worldwide common stock as of July 29, 20221. Upon completion of the transaction, Atlas Air Worldwide will become a privately held company and shares of Atlas Air Worldwide common stock will no longer be listed on the Nasdaq stock exchange. Atlas Air Worldwide will continue operating under the Atlas Air Worldwide name, be led by John Dietrich and the current executive team and maintain its global presence.
https://www.globenewswire.com/news-r...2-Billion.html
PURCHASE, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide (Nasdaq: AAWW) (“Atlas” or the “Company”), a leading global provider of outsourced aircraft and aviation operating services, today announced that it has entered into a definitive agreement to be acquired by an investor group (“the Consortium”) led by funds managed by affiliates of Apollo (NYSE: APO) together with investment affiliates of J.F. Lehman & Company and Hill City Capital in an all-cash transaction with an enterprise valuation of approximately $5.2 billion.
Under the terms of the agreement, Atlas Air Worldwide shareholders will receive $102.50 per share in cash, representing a 57% premium to the 30-day volume-weighted average trading price per share of Atlas Air Worldwide common stock as of July 29, 20221. Upon completion of the transaction, Atlas Air Worldwide will become a privately held company and shares of Atlas Air Worldwide common stock will no longer be listed on the Nasdaq stock exchange. Atlas Air Worldwide will continue operating under the Atlas Air Worldwide name, be led by John Dietrich and the current executive team and maintain its global presence.
08-04-2022, 05:48 AM
#79
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Joined APC: Jan 2013
Position: Captain
Posts: 130
Originally Posted by sky jet
I sincerely hope this turns out to be a good thing for all of the employees.
08-04-2022, 07:03 AM
#80
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Joined APC: Oct 2018
Posts: 300
Originally Posted by Turbine1
Time will tell. Keeping JD as CEO and the rest of the anti labor team isn’t a good start. Hopefully that’s temporary till Apollo brings in their own people to clean house. If not, our current management has made no secret over the past decade of their desire to make Atlas an all dry leasing company. Bought today by an investor that already has a 200 plus aircraft dry leasing subsidiary, they’ll now be able to accomplish that goal very easily.
I’m not sure. Why didn’t they purchase Titan then? Purchasing an airline with 767/747s with an average airframe age of 20+ years is very short sighted if you’re thinking of turning it into aircraft leasing. The value of Atlas Air as we know has tripled since the pandemic, so I just don’t see such a large bid for it to turn it away from what it actually does right. Time will tell
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