FDX liquidates 76 slots to AMZ
In addition to the 20 American Jets looks like we are picking up FDX 76 deliveries.
Amazon grows but my pay and benies stay the same. Wonder how those guys feel that went purple especially after todays financial news |
What’s the source of that?
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Fake news from another Air Bezo employee...
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Originally Posted by midnightshuttle
(Post 2728150)
In addition to the 20 American Jets looks like we are picking up FDX 76 deliveries.
Amazon grows but my pay and benies stay the same. Wonder how those guys feel that went purple especially after todays financial news |
Originally Posted by JackStraw
(Post 2728245)
They probably feel pretty good with a pension and a pay scale that encompasses yours within the 2nd year.
Have to totally agree with this statement. ATI's ALPA union leadership is very weak, and most of the membership are spineless. |
Originally Posted by midnightshuttle
(Post 2728150)
In addition to the 20 American Jets looks like we are picking up FDX 76 deliveries.
Amazon grows but my pay and benies stay the same. Wonder how those guys feel that went purple especially after todays financial news They put a big order in back in 2015, and added 6 more around July of this year, along with six 777. |
I'd think UPS would pick up open FDX 767 slots before anybody. I have to agree that its Fake News.
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As to my sources
Two, both different depts, one works hq in Wilmington other ac acceptance/conformal insp. Didnt belive it, but with FedEx bleeding it makes sense. 10 slots to amazon probably put them in the black for 3q. Plus they really dont do much amazon so its not competition. I doubt brown would let go of airplanes though they’re in a much different position. |
So are your sources saying Amazon is going to purchase these factory-new airframes, then lease them to ATSG?
FDX had operating income of $1.17B and net income of $935M in Q2'FY19 so I'd hardly say they are 'bleeding'... |
Originally Posted by midnightshuttle
(Post 2728563)
As to my sources
Two, both different depts, one works hq in Wilmington other ac acceptance/conformal insp. Didnt belive it, but with FedEx bleeding it makes sense. 10 slots to amazon probably put them in the black for 3q. Plus they really dont do much amazon so its not competition. I doubt brown would let go of airplanes though they’re in a much different position. It would take another entity to purchase equipment and contract (CMI) ATSG and its' carrier airline(s) to do work for them. Is this possible? Of course so....but not a likely scenario. For now, I'm filing this one under the Christmas Tree, next to Cupid and across from the Sandman. |
On the one hand, FedEx is trying to reduce what they might view as unnecessary expenditures. So that militates in favor of the rumour being true.
However, FedEx is going gangbusters in the US; it's the international business that's the problem. The 767s are designed to replace existing domestic aircraft. They do do some South America runs and others, but they are primarily in the US. Which is growing. And the new aircraft increase reliability and lower maintenance expense and in some cases fuel expense. So they are are an expenditure that, well not strictly -speaking utterly necessary, do have positive and quantifiable benefits for the operation. So all that militates against the rumor being true. Also, as pointed out, there would seem to be some potential candidates for those aircraft that would pay more for them then would Amazon. |
Originally Posted by abxflyr
(Post 2728627)
It would take another entity to purchase equipment and contract (CMI) ATSG and its' carrier airline(s) to do work for them. Is this possible? Of course so....but not a likely scenario.
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Originally Posted by Reactivity
(Post 2728756)
It doesn't really fit into Amazon's penny-pinching style, but the word a few years ago when this all started was that Amazon had been talking to Boeing about buying new 767Fs, so it's not an entirely baseless rumor.
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Originally Posted by Tango Uniform
(Post 2728475)
I'd think UPS would pick up open FDX 767 slots before anybody. I have to agree that its Fake News.
Boeing to hike 767F production; may be only first of several April 25, 2018, © Leeham News: Buried deep within Boeing’s first quarter earnings report is a single, seemingly innocuous sentence: “Reflecting the strength of the cargo market, we now plan to increase the production rate on the 767 program from 2.5 to 3 per month beginning in 2020.” There is more to this than meets the eye. It portends potentially big orders and this rate increase may be only the first to come. UPS, Amazon The announced rate increase comes right on schedule to market information received by LNC months ago: that the 767 production rate would be increased to 3/mo in January 2020. Boeing alerted the supply chain to study increases to this and more: to 3/mo in January 2020, 3/5/mo in July and 4/mo in January 2021. The rate would come down to 3/mo in January 2025 and 2/mo in July, supply chains sources told LNC. FedEx currently has 56 767Fs on order, UPS four and Unidentified three. But UPS is looking at an order for the Airbus A330-900F, an as-yet unlaunched version of the A330neo, and market intelligence tells LNC the cargo carrier has rights of first refusal for 767Fs should Boeing up production. Amazon Prime cargo has long been rumored in the market and press reports to be interested in a large order for the 767F. It currently leases 767s from Atlas Air and Air Transport Services Group. |
Originally Posted by JackStraw
(Post 2728775)
I highlighted the baseless rumor.
Puget Sound Business Journal reported the rumor at the time, so I'd have to say that as rumors go, it wasn't entirely baseless. |
There’s been a lot of speculation and rumor about massive AMZN new aircraft purchases...but none of it has ever really made any sense for anybody really paying attention.
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Originally Posted by Cujo665
(Post 2728468)
They just increased their 767 order less than 5 months ago....
They put a big order in back in 2015, and added 6 more around July of this year, along with six 777. |
Put me down in the skeptic category as well. Amazon is a penny pincher in most cases. What's the advantage to them to buying new planes compared to current approach. 76 is a crazy number as well. I don't see it.
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I’m gonna go with wishful thinking by the OP. If FX needs to reduce domestic capacity it will be done by parking MD10s/Airbuses.
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If Amazon is buying the aircraft, it may be for themselves. They are currently doing a light renovation to the Comair Corporate HQ complex in CVG so they can move into that space.
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Originally Posted by atpcliff
(Post 2729242)
If Amazon is buying the aircraft, it may be for themselves. They are currently doing a light renovation to the Comair Corporate HQ complex in CVG so they can move into that space.
Namaste |
Originally Posted by JackStraw
(Post 2729268)
Amazon owns a lot of delivery equipment which they lease out to multiple companies. 100% of it is leased out. They aren’t interested in their own delivery company.
Namaste |
Originally Posted by midnightshuttle
(Post 2728563)
As to my sources
Two, both different depts, one works hq in Wilmington other ac acceptance/conformal insp. . English Translation: -Van Driver at the Holiday Inn (ONT) -Contract Mechanic (CLT) Sent from my iPhone using Tapatalk |
Originally Posted by G550Guy
(Post 2730076)
English Translation:
-Van Driver at the Holiday Inn (ONT) -Contract Mechanic (CLT) Sent from my iPhone using Tapatalk Actually CNN meantioned Amazons growing fleet as well. Search that |
Originally Posted by midnightshuttle
(Post 2731677)
Its common knowledge that some of out upper management moonlights as hotel drivers....good point
Actually CNN meantioned Amazons growing fleet as well. Search that |
Originally Posted by midnightshuttle
(Post 2728150)
In addition to the 20 American Jets looks like we are picking up FDX 76 deliveries.
Amazon grows but my pay and benies stay the same. Wonder how those guys feel that went purple especially after todays financial news |
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