Airline Pilot Central Forums

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Charter (https://www.airlinepilotforums.com/charter/)
-   -   World Furloughs (https://www.airlinepilotforums.com/charter/77560-world-furloughs.html)

cloudroller 11-07-2013 10:36 AM

World lost it advantage when Binns took over. Every thing he has touches turns worthless.

v1uhoh 11-07-2013 11:03 AM


Originally Posted by cloudroller (Post 1515369)
World lost it advantage when Binns took over. Every thing he has touches turns worthless.

Actually, it was long before that, about the time Atlas came out of Chapter 11.

ATCsaidDoWhat 11-07-2013 04:41 PM


Originally Posted by v1uhoh (Post 1515388)
Actually, it was long before that, about the time Atlas came out of Chapter 11.

World lost it when the hedge fund folks cooked the books enough to get funding to buy NAA, plus a lot more to stuff their pockets with. They dumped the debt service on Worlds' back, knowing full well that on their best day, World would never be able to service the debt. Which didn't matter because they already got the cash out of the deal and left a shell.

Just like another group...called Bain Capital...name sound familiar?...did with companies.

The bankruptcy exit allowed them to do it again, despite agreements to change how they did business. Again...like Bain Capital.

v1uhoh 11-07-2013 04:56 PM

Preachin' to the choir. Like I said, they lost it about the time Atlas came out of Chapter 11.

idleclamp 11-10-2013 09:53 AM


Originally Posted by ATCsaidDoWhat (Post 1515580)
World lost it when the hedge fund folks cooked the books enough to get funding to buy NAA, plus a lot more to stuff their pockets with. They dumped the debt service on Worlds' back, knowing full well that on their best day, World would never be able to service the debt. Which didn't matter because they already got the cash out of the deal and left a shell.

Just like another group...called Bain Capital...name sound familiar?...did with companies.

The bankruptcy exit allowed them to do it again, despite agreements to change how they did business. Again...like Bain Capital.

There was no hedge fund involved when NAA was purchased. The hedge fund came after that.

bushpilot2004 11-10-2013 10:53 AM

We were told here at Evergreen that World would be taking over the Pacific AMC flying in January- maybe that will help to bring some guys back.

BayBum4Ever 11-11-2013 08:06 AM

The stellar management at World announced today that they are firing (furloughing) down to 71 pilots, but don't tell anybody according to the email from J Graber el supremo D Bag.
Sorry guys, I have been there too.

LNL76 11-12-2013 01:51 AM

Global just filed for Chapter11 again....16% WORKFORCE REDUCTION IN THE NEXT 90 DAYS. :(

ToBeOrNotToBe 11-12-2013 02:18 AM


Global just filed for Chapter11 again....16% WORKFORCE REDUCTION IN THE NEXT 90 DAYS. :(
Should be all on World side, if they are furloughing down to 71 pilots. Not surprised. Bankruptcy allows Global to circumvent World labor contracts and their scope/me too clauses.

v1uhoh 11-12-2013 05:05 AM


Originally Posted by ToBeOrNotToBe (Post 1518175)
Should be all on World side, if they are furloughing down to 71 pilots. Not surprised. Bankruptcy allows Global to circumvent World labor contracts and their scope/me too clauses.

It allows them to circumvent every contract, not just labor. And not just World labor contracts, but NAA, dispatchers, MX, etc. They're going to be the Tyrone Biggums of aviation.


All times are GMT -8. The time now is 08:35 AM.


Website Copyright © 2026 MH Sub I, LLC dba Internet Brands