Any "Latest & Greatest" about Delta?

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Looks like cash for a deal, probably airplanes on property
Quote: Looks like cash for a deal
That's what I'm seeing.
Totalling over $1.5 billion.???

(all debt of course)
Yep, and we are not touching our cash. If this is the case, then where is the Skyteam money? -edit. Cash is being used to pay off old lease holders of jets.

It also looks like they could just be financing 27 new airframes too. It is interesting how they are doing this financing though. Makes me wonder when the announcement will be!
Quote: And as you know, we can give a position paper on what there is value in supporting a deal. We do not need to get in to the details of any such deal, just the potential benefits for this group.
Agreed. But I guess my thinking is that this assumes a static deal. The deal could ultimately involve much more than just JAL so what makes it good today would be null and void tomorrow. Therefore a white paper may have to be reissued daily. As mgt., you assume this in ways. As pilots, we have a hard time understanding this and perceive it has more to do with those in the know not knowing, than just being a part of business. I guess the union could print a white paper on the assumption that its a flight plan with an alternate and the alternate will change multiple times during this flight.

My big concern as an outsider is that we have gone so public in the "need" for this deal, that perhaps the Japanese government could make the terms of such a deal more onerous than first perceived. We all know how management can decimate what's not written in our contracts. My fear is that what management perceives will be a good deal, could end up more like a $1 billion white elephant and not even realize it until its to late. However, we do have arguably the most astute management team in the US legacy carriers right now so hopefully as they've exploited what's in or not in our contract to their advantage, so to will they do with this deal should it happen.
Quote: Yep, and we are not touching our cash. If this is the case, then where is the Skyteam money?
It doesn't say that all the money has to be for JAL.
The amount is suspicious though.
Quote: Agreed. But I guess my thinking is that this assumes a static deal. The deal could ultimately involve much more than just JAL so what makes it good today would be null and void tomorrow. Therefore a white paper may have to be reissued daily. As mgt., you assume this in ways. As pilots, we have a hard time understanding this and perceive it has more to do with those in the know not knowing, than just being a part of business. I guess the union could print a white paper on the assumption that its a flight plan with an alternate and the alternate will change multiple times during this flight.

My big concern as an outsider is that we have gone so public in the "need" for this deal, that perhaps the Japanese government could make the terms of such a deal more onerous than first perceived. We all know how management can decimate what's not written in our contracts. My fear is that what management perceives will be a good deal, could end up more like a $1 billion white elephant and not even realize it until its to late. However, we do have arguably the most astute management team in the US legacy carriers right now so hopefully as they've exploited what's in or not in our contract to their advantage, so to will they do with this deal should it happen.
Agreed. I also agree completely with your assertion. Problem is that pilots want to give input and can't. Makes them antsy when their flying is on the line.
I will also submit that it there was confidence in the MEC this would be a non-issue for the pilots.
Quote: Yep, and we are not touching our cash. If this is the case, then where is the Skyteam money?

It also looks like they could just be financing 27 new airframes too. It is interesting how they are doing this financing though. Makes me wonder when the announcement will be!
new new, or new like 16 MD-90s that JAL wants to off load?

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The FAA put out the fines for that ExpressJet aircraft that was stuck all night in Rochester MN. $50K each for Continental and ExpressJet and $75K for Mesaba. Funny line in the whole article: Continental pointedly noted in a statement that its fines were less than those imposed on rival Delta's subsidiary.
I have read through this document only briefly and the whole filing is close to 1000 pages but what this looks like to me is this:

It appears to be a financing deal on aircraft that are in service. Most are 2009, 2000 and 2001 deliveries that are on our property. I have indicated the rates above.
Most of this concerns the processing of the loan, insurance, loss mitigation et al.
What I cannot get from a quick read is if this is new debt or refinancing of old aircraft debt that is maturing. It is a short term note. No 10+ years.

It does not annotate if this is a refi or not. I does appear that we are getting a good amount of cash for this 27 aircraft financing deal. That would make me beleive that we are financing and not refinancing debt. What this filing is on a cursory glace is, is the financing deal. Little more complicated than a car loan, but effect the same.

There are provisos for loss, lack of payment, application of payment etc. ( Nice dry read but easy to understand. I would read the second one to start with)
Isn't it a refinance of 22aircraft and the original financefor 5 more aircraft
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