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That's 100% Satchips fault.
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Delta pilots support JAL, SkyTeam alliance.
Checkout the Delta net I didn't know we were FOR it yet!!! |
Originally Posted by beer
(Post 714405)
Delta pilots support JAL, SkyTeam alliance.
Checkout the Delta net I didn't know we were FOR it yet!!! Yes, we are for it. Our MEC is for it, and we should be too! We just need to get some goodies for our cooperation! I know Slow it is not that easy, Haneda access is more important that a pay raise, you have told me! :rolleyes: |
Originally Posted by tsquare
(Post 714392)
Mrs. Saban??? hehehehehe
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From Jaunted.com: (fwiw, news.google.com, just put in Delta Air Lines)
Delta Air Lines offers JAL $1 Billion Dollar Bribe: We promised you last week that the playground hair pulling fight between Japan Airlines, American Airlines, Virgin Atlantic, and Delta—where JAL may or may not decide to dump American Airlines/oneworld in favor of Delta/SkyTeam—was going to get more interesting. That's exactly what happened this morning, when Delta decided to put an eye-popping $1 billion on the table to entice Delta into switching. Yowsers! Let's look at what went down... Delta Air Lines and its alliance partners said Wednesday that they were making a $1 billion offer to lure money-losing Japan Airlines from its affiliation with American Airlines. Delta (DAL) is 'by far the strongest partner for Japan Airlines,' Delta President Edward Bastian told reporters here. The offer escalates a tug of war between Delta and American for a minority stake in Japan's flagship airline, which both U.S. carriers see as a greater entryway into expanding in Asia. JAL is particularly attractive to both airlines and their partners because of its extensive routes in Japan and China. That line about Delta being the stronger partner, which means being a more efficient partner over more routes, is particularly hurtful to AA because it's objectively true. That's at least what independent airline groups are publishing, and we're obviously in no position to comment one way or another. We do know that most of JAL's public statements, which up until now have expressed reluctance, have been in the form of "well we're not sure... the transition would be so expensive..." Here's where things get really interesting: the billion dollars that Delta is offering isn't even going to the transition. SkyTeam is covering all those costs, which should come in at $20 million give/take. The additional billion is just a straight bribe, divided up between $500 million in capital investment, $300 million in short-term revenue guarantees, and $200 million in financing for JAL. Somebody wants this deal to happen very, very much, and we'll continue to keep watch. |
Originally Posted by buzzpat
(Post 714408)
No, the A line I flew with last week....
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Originally Posted by acl65pilot
(Post 714407)
Um durrrr.
Yes, we are for it. Our MEC is for it, and we should be too! We just need to get some goodies for our cooperation! I know Slow it is not that easy, Haneda access is more important that a pay raise, you have told me! :rolleyes: As you're fond of pointing out, the bottom end of the list is at greater risk than my position (I don't necessarily agree, looking at PAA, TWA, etc.). I'd forgo a payraise to ensure you have a job. That doesn't mean there aren't a host of possibilities between the two extremes in the Japan case. There are. But the current stance of our government in the "open skies" (a regulated bilateral favorable to Japan, actually), Haneda, and our investment in Japan NRT all say that things are going to change. We may be able to extract value for Delta pilots if certain things break our way. We may be able to mitigate the damage if certain other things happen. While I view it as the least likely scenario, I may wind up with a paycut (due to loss of seat) and you could wind up unemployed if everything goes wrong (bad bilateral, no Haneda access, no JAL linkup, and no economic rebound.) Focusing on pay contains the same myopia as focusing on scope. |
Originally Posted by slowplay
(Post 714446)
A workable solution for Delta in Japan is more important to me than a payraise. If we don't achieve a workable solution there will be fewer pilot jobs here.
As you're fond of pointing out, the bottom end of the list is at greater risk than my position (I don't necessarily agree, looking at PAA, TWA, etc.). I'd forgo a payraise to ensure you have a job. That doesn't mean there aren't a host of possibilities between the two extremes in the Japan case. There are. But the current stance of our government in the "open skies" (a regulated bilateral favorable to Japan, actually), Haneda, and our investment in Japan NRT all say that things are going to change. We may be able to extract value for Delta pilots if certain things break our way. We may be able to mitigate the damage if certain other things happen. While I view it as the least likely scenario, I may wind up with a paycut (due to loss of seat) and you could wind up unemployed if everything goes wrong (bad bilateral, no Haneda access, no JAL linkup, and no economic rebound.) Focusing on pay contains the same myopia as focusing on scope. I would be floored if they furloughed over 1000. I know what you are getting at though! My point over the last few 10 posts is that we need to eek out what we can when we can. I understand what is at stake, and I am a strong supporter of making this deal happen. It will thrust this company in to a decade or more of dominance IMHO! (There you have it, I support the deal) |
Dueling Alliances Make Aid Offers to Japan Ai
From the New York Times http://www.nytimes.com/2009/11/19/bu...r=yahoofinance
TOKYO — Delta Air Lines and its alliance partners offered $1 billion in aid to Japan Airlines on Wednesday, a proposal that American Airlines quickly said it would top as the world’s biggest airlines escalated a war for influence over the ailing Japanese carrier. Though saddled with debt, Japan Airlines is attractive to both American and Delta because of its strong place in the tricky Japanese market and in the rest of Asia. United States airlines have also been looking to shore up their global alliances, both as a growth strategy and as a defensive step after mergers in the industry. Delta and American, however, are also engaged in a delicate balancing act. Too aggressive an overture toward JAL, they fear, could give the Japanese government reason to try to rescue its once-proud flagship carrier without foreign assistance. At a news conference in Tokyo on Wednesday, the president of Delta, Edward Bastian, said the carrier and other members of the SkyTeam alliance were ready to offer JAL an aid package worth $1 billion if it would defect from a rival alliance, American Airlines’ Oneworld. “It is clear that SkyTeam is by far the strongest partner for Japan Airlines,” Mr. Bastian said. The offer includes $500 million in capital from SkyTeam members, $300 million in guarantees on any revenue loss from the switch and $200 million in asset-backed financing, according to Delta. Mr. Bastian spoke after JAL’s president, Haruka Nishimatsu, said last week that it would be easier for the debt-ridden company to remain within the Oneworld alliance. Sze Hunn Yap, a Japan Airlines spokesman, told The Associated Press that the company was aware of Delta’s offer but could not comment. In return for the aid package, the winning airline would have Japan Airlines as a member of its alliance and would have a code-sharing agreement with the airline. The defection of Japan Airlines to SkyTeam would give that alliance a considerable edge over Oneworld in the number of passengers and daily flights. Figures from May show SkyTeam’s 11 members carried 384 million passengers annually, compared with the 330 million carried by Oneworld, including 53 million carried by JAL. “We stand ready to make a significant investment in JAL, superior to anything a competitor will offer,” Theo Panagiotoulias, American Airlines’ vice president for Asia and the Pacific, said in Tokyo on Wednesday. Mr. Panagiotoulias said American would offer JAL an equity investment on top of the approximately $500 million that the Japanese airline is reaping annually from its participation in the Oneworld alliance. American is the operating unit of the AMR Corporation of Fort Worth, Tex. Delta is based in Atlanta. That, he said, would make American’s offer more financially attractive to JAL, because some of Delta’s proposed aid package would go to pay financial penalties the airline would incur for switching alliances. Finances at JAL, which is the largest Asian carrier by revenue, have been battered by a drop in passenger traffic in the wake of the global economic crisis. Huge pension obligations, an aging fleet and dozens of unprofitable routes have also weighed heavily on JAL’s bottom line. The airline posted a loss of 32.2 billion yen ($361 million) in the latest quarter and said it was in new talks to suspend loan payments as it awaited formal approval for a government-led bailout. |
Did not really word that right. I know the JAL is good for Delta, but I didn't know the MEC had come to the agreement that it is good for the pilots.:confused:
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