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Old 02-21-2012, 11:26 AM
  #3031  
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Wow, you sure are well connected...

Pardon my skepticism, but I'll stay on the sidelines for the scenario that you posted, and I'll believe it when (if) it happens.

I'm not questioning your source, or your information, but a healthy dose of skepticism may be warranted here...
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Old 02-21-2012, 11:47 AM
  #3032  
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Originally Posted by Fishfreighter View Post
The hedge fund managers who run Global take the money and run.
Now THAT much I can completely agree with. That has been MatlinPatterson's MO from the start. It's precisely what happened at ATA after our admittedly leadership-challenged management was maneuvered into unloading our MDW gates and LGA landing slots to Southwest. It would seem the MatlinPatterson folks are not in the business of running airlines....they are in the business of artfully trashing them, selling off the pieces, picking the carcass and making a ton of money in the process.

Last edited by Talon1011; 02-21-2012 at 11:50 AM. Reason: verbiage
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Old 02-21-2012, 12:16 PM
  #3033  
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Talon,

The people I feel sorry for are the ex-ATA folks who took jobs with NAA only to see it happen all over again...
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Old 02-21-2012, 12:20 PM
  #3034  
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Originally Posted by 744driver View Post
Pardon my skepticism, but I'll stay on the sidelines for the scenario that you posted, and I'll believe it when (if) it happens..
Skepticism is always good. That said, as an Atlas pilot, you're looking pretty good right now. It wouldn't surprise me if the NAA/World people are only offered preferential interviews and not SLI. After all, its another way to dump the senior salaries in favor of lower cost new hires.
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Old 02-21-2012, 12:21 PM
  #3035  
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Originally Posted by Fishfreighter View Post
...................................

Add it all up and you get Atlas getting everything they need from Global Air Services WITHOUT having to take the MD-11s that they don't want. The hedge fund managers who run Global take the money and run.

Sounds like a prepackaged deal to me. Expect an announcement this summer.

Well, maybe the assets. Why would Atlas want the certificates? Or the longevity that would come with an outright merger? Be careful what you wish for, IMHO.
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Old 02-21-2012, 12:28 PM
  #3036  
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Exactly. They only need the assets. They could, hypothetically, wait in the wings until Global goes Chapter 7 then pounce. However, then there would be more competition for those assets.

Remember, Atlas has already offered to buy NAA once. That's a key point.
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Old 02-21-2012, 01:14 PM
  #3037  
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Originally Posted by Fishfreighter View Post
Exactly. They only need the assets. They could, hypothetically, wait in the wings until Global goes Chapter 7 then pounce. However, then there would be more competition for those assets.

Remember, Atlas has already offered to buy NAA once. That's a key point.
Competition for what? Some beat up 767s when everyone else is opting for 777s (Omni)...so, the 767s would still be available for fairly cheap.

Ok, it's my turn to stir the pot...I've heard that even Atlas is looking at 777s. But then that is nothing new. Every viable company, and even government, has to look at contingencies and opportunities for strategic planning.

This time last year, (before the 767 announcement), a former Management pilot told us (at a breakfast, solve-the-world's-problems, union meeting !!) that the 767 (or equivalent) was being considered for about 10 years. Finally, last year, the stars all lined up and here we are actually operating the light twin (767).

So, another fleet type (777, I hope, and not the A330) is likely long way off...5 years or more.

Since we are spreading rumors, whatever happened to the oldie but goodie about the 767 tankers we were supposed to get?!!
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Old 02-21-2012, 04:27 PM
  #3038  
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Not sure if AAWH will bite on 4 Pratt powered BCF's, They seem to prefer GE,s (when they have the choice)
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Old 02-21-2012, 06:50 PM
  #3039  
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Atlas is currently operating 747s with P&W power.

cliff
GRB
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Old 02-21-2012, 07:19 PM
  #3040  
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That is of course true, Cliff, but they are customer-owned...Boeing, in the case of the 4 B744 LCFs that we operate. I'm not so sure that we would be in the market for P&W-powered 744s if we were to own or even lease them.
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