Parent of World & North American Is Bankrupt
02-06-2012, 06:56 AM
#11
Feeling blessed.
Joined APC: Feb 2005
Position: Was I finally in the right place at the right time?
Posts: 537
02-06-2012, 07:01 AM
#12
Feeling blessed.
Joined APC: Feb 2005
Position: Was I finally in the right place at the right time?
Posts: 537
Originally Posted by augustwest
I heard they sacked the COO's at both WOA and NAA a few weeks ago?
This is sad for both employee groups. I remember when the ATA/GAL/WOA thing was annouced in early 2007. It didn't sound like a good business plan. WOA essentially bought themselves for $335 million. The 2007 shareholders made out big time. Now the employees are left holding a sack of sh*t.
Shame.
This is sad for both employee groups. I remember when the ATA/GAL/WOA thing was annouced in early 2007. It didn't sound like a good business plan. WOA essentially bought themselves for $335 million. The 2007 shareholders made out big time. Now the employees are left holding a sack of sh*t.
Shame.
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02-06-2012, 07:14 AM
#13
Gets Weekends Off
Joined APC: Sep 2008
Posts: 208
My guess is they maintain two certificates to allow World to operate their cargo filights under existing FT/DT regulations while North American becomes the exclusive pax operator (requiring compliance with the new Part 117).
02-06-2012, 07:47 AM
#14
Line Holder
Joined APC: Jan 2012
Posts: 26
Originally Posted by HalinTexas
Hal
What am I looking for?
$315 million cash deal?
02-06-2012, 08:42 PM
#16
AAmerican Way for AA Pay
Joined APC: Oct 2005
Position: B-737 Pilot
Posts: 1,617
Originally Posted by skypiratedc10
757200ER - I've thought this for a while but do you have any hard evidence on your numbers? For instance NAA down to just 767's and World dumping down to just cargo MD-11's and 747's? Or just rumor right now?
02-07-2012, 06:47 AM
#17
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Joined APC: Jan 2012
Posts: 26
My 2 cents...
5 reasons for the pain with the charter guys:
1) Obvious pull down in Iraq and Afghanistan
2) DOD previously had a 60/40 rule. 40 percent of flying had to be non DOD. They waived this during the post 9/11 build up. All DOD carriers got greedy and ignored commercial opportunities.
3) DOD slashed the rates last year. DOD carriers get paid less for doing the same thing.
4) DOD introduced new reliability rules last year. It used to be 85% three month reliability based on departure within 15 minutes. Now it’s 95% based on arrival within 2 hours. Failure to maintain 95% has resulted in financial penalty and loss of flying for the some DOD carriers. Also, less flying makes each delay carry more weight.
5) DOD team reorganization. There used to be 3 DOD teams. This year Omni left the FedEx team to start their own team. Entitlement is now split between 4 versus 3 teams. In addition Delta has decided to pick up more DOD flying and Atlas has gotten into the pax business.
I don't have a dog in this fight. I am ex ATA and got out of the business.
Good luck to all.
5 reasons for the pain with the charter guys:
1) Obvious pull down in Iraq and Afghanistan
2) DOD previously had a 60/40 rule. 40 percent of flying had to be non DOD. They waived this during the post 9/11 build up. All DOD carriers got greedy and ignored commercial opportunities.
3) DOD slashed the rates last year. DOD carriers get paid less for doing the same thing.
4) DOD introduced new reliability rules last year. It used to be 85% three month reliability based on departure within 15 minutes. Now it’s 95% based on arrival within 2 hours. Failure to maintain 95% has resulted in financial penalty and loss of flying for the some DOD carriers. Also, less flying makes each delay carry more weight.
5) DOD team reorganization. There used to be 3 DOD teams. This year Omni left the FedEx team to start their own team. Entitlement is now split between 4 versus 3 teams. In addition Delta has decided to pick up more DOD flying and Atlas has gotten into the pax business.
I don't have a dog in this fight. I am ex ATA and got out of the business.
Good luck to all.
furloughs
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