Any "Latest & Greatest" about Delta?
07-02-2020 | 01:45 PM
Gets Weekends Off
Joined: Apr 2011
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From: retired 767(dl)
I've been charging around on Allegiant this week, pretty full everywhere.
07-02-2020 | 03:35 PM
Racketeer
Joined: Mar 2015
Posts: 13,320
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From: N60.4858 W149.9327
Couldn't find the thread so I'll just drop this here. The covenant debacle of a couple weeks ago has been resolved as our CFO said it would. Pacific assets used to secure the revolver and additional terms.
https://www.sec.gov/ix?doc=/Archives...a_8k-ixbrl.htm
https://www.sec.gov/ix?doc=/Archives...a_8k-ixbrl.htm
07-02-2020 | 05:19 PM
Banned
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From: 3+ hour sit in the ATL
Couldn't find the thread so I'll just drop this here. The covenant debacle of a couple weeks ago has been resolved as our CFO said it would. Pacific assets used to secure the revolver and additional terms.
https://www.sec.gov/ix?doc=/Archives...a_8k-ixbrl.htm
https://www.sec.gov/ix?doc=/Archives...a_8k-ixbrl.htm
07-02-2020 | 08:30 PM
Gets Weekends Off
Joined: Sep 2008
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From: Kickin’ Back
Couldn't find the thread so I'll just drop this here. The covenant debacle of a couple weeks ago has been resolved as our CFO said it would. Pacific assets used to secure the revolver and additional terms.
https://www.sec.gov/ix?doc=/Archives...a_8k-ixbrl.htm
https://www.sec.gov/ix?doc=/Archives...a_8k-ixbrl.htm
, what does it mean? ThxDenny
07-03-2020 | 07:07 AM
Racketeer
Joined: Mar 2015
Posts: 13,320
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From: N60.4858 W149.9327
Not much, we gave additional collateral and the covenant terms were adjusted. I just wanted to post it because it totally debunks the headline a few weeks ago that Delta was at risk of default.
07-03-2020 | 07:29 AM
Gets Weekends Off
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From: Kickin’ Back
Denny
07-03-2020 | 07:44 AM
Rodeo clown
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From: Tractor seat
Without renegotiating the covenants, creditors could declare us in default of the terms and seek immediate payment (obviously a very hardball move and not without expense and risk). This puts us back in good standing with the terms of that debt, although not without a cost. The question of bankruptcy still goes back to revenue versus expenses and whether we can continue operating while servicing debt.
07-03-2020 | 08:28 AM
Racketeer
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From: N60.4858 W149.9327
07-03-2020 | 02:38 PM
Gets Weekends Off
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From: Kickin’ Back
Lol to the both of you! At this point in time, I have made the decision to take it.......but obviously the final decision isn’t made until the last day of the opt out period. Depending on the exit date I’m assigned, I’ll have to pay for a year+ of medical for myself. Wife’s b-day is August 31. She is a year older than me so will go on Medicare at the perfect time for a Sep 1 date. I’m hoping to exit Nov 1. That would be perfect for me to max out the 36 months and turn 65 at same time.
I've also been seeing a lot of emails the last few months of pilots passing away. It makes one think....
Some one said the 3 years before 65 are better than the 3 years after. I agree.
Denny
I've also been seeing a lot of emails the last few months of pilots passing away. It makes one think....
Some one said the 3 years before 65 are better than the 3 years after. I agree.
Denny
07-03-2020 | 03:02 PM
Banned
Joined: Sep 2015
Posts: 1,982
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From: 3+ hour sit in the ATL
Lol to the both of you! At this point in time, I have made the decision to take it.......but obviously the final decision isn’t made until the last day of the opt out period. Depending on the exit date I’m assigned, I’ll have to pay for a year+ of medical for myself. Wife’s b-day is August 31. She is a year older than me so will go on Medicare at the perfect time for a Sep 1 date. I’m hoping to exit Nov 1. That would be perfect for me to max out the 36 months and turn 65 at same time.
I've also been seeing a lot of emails the last few months of pilots passing away. It makes one think....
Some one said the 3 years before 65 are better than the 3 years after. I agree.
Denny
I've also been seeing a lot of emails the last few months of pilots passing away. It makes one think....
Some one said the 3 years before 65 are better than the 3 years after. I agree.
Denny
I'm sure we all had different plans in February. Now, not so much. I know you'll do what you need to, and what is right for you and family. Reading your posts on the forum over the years I've got a mental picture of who you are, and I'm ****ed we won't ever get a chance to fly together. My goal was to get to SEA 330B ASAP after a stint as a 220A. This industry, volatile, has once again shown that one must be flexible. That 330B plan for me has been put on extended hold.
Too bad it most likely won't happen. You're one of the good ones Denny. Much respect. Would have loved to made a trip or two with you. Hopefully we can squeeze out of this on the other side better than before. Take care.
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