Notices
Charter Part 121 pax charter airlines

ATSG acquiring Omni

Old 10-02-2018, 01:23 PM
  #21  
Fly it like you stole it!
 
brn2fly1's Avatar
 
Joined APC: Feb 2010
Position: 767 Captain
Posts: 136
Default

Hopefully Omni/ATSG doesn’t turn out like ATA/World/North American/Arrow GAL sh*tshow!
brn2fly1 is offline  
Old 10-02-2018, 02:01 PM
  #22  
Gets Weekends Off
 
Joined APC: Aug 2009
Posts: 578
Default

Originally Posted by brn2fly1 View Post
Hopefully Omni/ATSG doesn’t turn out like ATA/World/North American/Arrow GAL sh*tshow!
It will. These fake Lorenzo mofo’s will throw debt on omni, then whipsaw the pilot groups for amazon flying. It’ll be OH 2000’s all over again. Same actors. High profit, zero debt company controlled by idiots.
4runner is offline  
Old 10-02-2018, 03:04 PM
  #23  
Gets Weekends Off
 
Checkers21's Avatar
 
Joined APC: Dec 2016
Posts: 119
Default

Originally Posted by 4runner View Post
It will. These fake Lorenzo mofo’s will throw debt on omni, then whipsaw the pilot groups for amazon flying. It’ll be OH 2000’s all over again. Same actors. High profit, zero debt company controlled by idiots.
Basically, Omni just fell back into the crapper... Well, at least those guys got to enjoy some good pay for a couple months. I bet things go south there in 6 months. Oh well....
Checkers21 is offline  
Old 10-02-2018, 05:50 PM
  #24  
On Reserve
 
Joined APC: Oct 2017
Posts: 24
Default

Originally Posted by Checkers21 View Post
Basically, Omni just fell back into the crapper... Well, at least those guys got to enjoy some good pay for a couple months. I bet things go south there in 6 months. Oh well....
Could Omni pilots really see a pay decrease with this change of events? Would it even be legal?
Wing Sweep is offline  
Old 10-02-2018, 06:28 PM
  #25  
Banned
 
Joined APC: Oct 2008
Position: Window Seat
Posts: 1,430
Default

Originally Posted by Wing Sweep View Post
Could Omni pilots really see a pay decrease with this change of events? Would it even be legal?
No... and take 90% of what you read on this forum with some salt, if you believed everything posted on here all airlines have been out of business since 2011. Only time will tell where this is headed.
aviatorhi is offline  
Old 10-02-2018, 11:13 PM
  #26  
Line Holder
 
Joined APC: Jul 2015
Position: Boeing CA
Posts: 66
Default

Originally Posted by aviatorhi View Post
No... and take 90% of what you read on this forum with some salt, if you believed everything posted on here all airlines have been out of business since 2011. Only time will tell where this is headed.
AviatorHI you have just fell off your boat into the water with a lot of big hungry sharks and your splashing around is just going to **** them off even more. Good luck. I actually think your in better shape than the ABX guys but your still gonna need that B plan eventually. ATSG are not nice people. Pay attention to ABX and this is your future also. Remember the parable of the frog and the scorpion.
jetlagging is offline  
Old 10-03-2018, 01:59 AM
  #27  
Banned
 
Joined APC: Oct 2008
Position: Window Seat
Posts: 1,430
Default

Originally Posted by jetlagging View Post
AviatorHI you have just fell off your boat into the water with a lot of big hungry sharks and your splashing around is just going to **** them off even more. Good luck. I actually think your in better shape than the ABX guys but your still gonna need that B plan eventually. ATSG are not nice people. Pay attention to ABX and this is your future also. Remember the parable of the frog and the scorpion.
I've been reading the trash on this forum long enough to remember when K4 was going to close down in a year, Omni was a wasted career, United had no future, Expressjet was the best regional, ATI would be out of business/airplanes in a few months, the list goes on and on. All these airlines have had their share of ups and downs ofcourse, but none of the doom and gloom predictions have come true. The best thing anyone can do is sit, wait, and see what happens. I am fairly confident in saying most people don't throw around almost a billion dollars in cash because they intend for it to evaporate. Not saying it won't evaporate, just saying it's probably not intended to.
aviatorhi is offline  
Old 10-03-2018, 03:32 AM
  #28  
Gets Weekends Off
 
Joined APC: Apr 2007
Posts: 1,796
Default

Originally Posted by Wing Sweep View Post
Could Omni pilots really see a pay decrease with this change of events? Would it even be legal?
Short answer..yes. Here is how it will happen. Omni has no debt..all but 2 aircraft are owned outright. Those assets (aircraft) will be transferred to the black hole CAM Leasing ..another ATSG holding company. Omni will then start making ridiculously high lease payments on aircraft that just days before they owned free and clear. Cam will increase its record profits while Omni crews will be told their costs are too high and concessions are necessary to remain profitable. Also no money will be paid to Omni for those assets...just gone! We have seen this happen at ABX with all our airframes. Watch your aircraft by serial number. Ours are tied to our retirement..and our scope does not allow a sister airline to operate them once they have been added to our certificate. If Omni does not have any scope ...the airframes can be transferred to anyone. Good luck.

Last edited by nitefr8dog; 10-03-2018 at 03:46 AM.
nitefr8dog is offline  
Old 10-03-2018, 03:54 AM
  #29  
Gets Weekends Off
 
Joined APC: Apr 2007
Posts: 1,796
Default

Originally Posted by aviatorhi View Post
I've been reading the trash on this forum long enough to remember when K4 was going to close down in a year, Omni was a wasted career, United had no future, Expressjet was the best regional, ATI would be out of business/airplanes in a few months, the list goes on and on. All these airlines have had their share of ups and downs ofcourse, but none of the doom and gloom predictions have come true. The best thing anyone can do is sit, wait, and see what happens. I am fairly confident in saying most people don't throw around almost a billion dollars in cash because they intend for it to evaporate. Not saying it won't evaporate, just saying it's probably not intended to.
The Omni pilots really only care about their jobs and paychecks....this is were they will see a differance. They will see their aircraft transferred within days of the final ink drying. Omni profits will shrink and ATSG/CAM profits will increase. Hete has no intention of seeing the billion evaporate...he only wants to make sure the pilots are responsible for any lost profit.
nitefr8dog is offline  
Old 10-03-2018, 07:09 AM
  #30  
Gets Weekends Off
 
Joined APC: Apr 2007
Posts: 1,796
Default

That is any lost profit on paper! And really only he believes that nobody can see thru this shell game.
nitefr8dog is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Airplaneflyer11
Cargo
40
10-04-2018 03:33 PM
midnightshuttle
Cargo
7
08-11-2017 01:55 PM
MEMbrain
Cargo
4
12-20-2013 02:44 PM
blogwth
Cargo
96
03-22-2013 07:35 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices