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From Business World Online
Delta Air Lines to open branch in RP
The world’s largest airline, Delta Air Lines, Inc., has been given the go-signal to set up a branch in the country, documents from the Securities and Exchange Commission showed. The corporate regulator has allowed Delta Air Lines to transact business and to establish a branch in the Philippines. The office will be engaged in “international air transportation services.” The Philippine office has an authorized capital of P9.4 million consisting of 1.5 billion common shares and 500,000 preferred share at a par value of $0.0001 apiece. No other details were given and officials from Delta Air Lines could not be reached for comment. Delta Air Lines is the world’s largest airline in terms of passenger traffic, fleet size, and annual revenue, operating an extensive domestic and international network that has a flight to every continent except Antarctica. Last year, the airline merged with Northwest Airline Corp. to form the world’s largest commercial carrier. As a result of the merger, Northwest became a wholly owned subsidiary, which Delta Air Lines said would allow it to better manage economic cycles and volatile fuel prices, among others. The merger is expected to give Delta Air Lines $2 billion in annual revenue and a more comprehensive and diversified route system. Northwest operates various ticketing office in the country. |
Delta, American Air may delay JAL investment
Published: Monday, 11 Jan 2010 | 12:44 AM ET CNBC Mobile Delta Air Lines and American Airlines may have to delay their plans to invest in Japan Airlines as reports on Monday said a new management had to be put in place first... Japan Airlines Set To File For Bankruptcy Protection Financier Worldwide - Pauline Renaud - 24 minutes ago The Japanese government is in favour of Japan Airlines (JAL) filing for bankruptcy protection, and will likely reject offers of equity investment from US ... Reports: JAL To Cut Approx. 15600 Jobs RTT News - 29 minutes ago (RTTNews) - Japan Airlines Corp. (JALSY.PK: News ) is set to cut about 15600 jobs, and decline billion-dollar cash offers from Delta and American Airlines, ... Japan fund leaning towards JAL delisting: source Reuters - Nathan Layne, Muralikumar Anantharaman - 3 hours ago TOKYO (Reuters) - A state-backed fund crafting a restructuring plan for Japan Airlines (9205.T) is leaning toward a delisting of the carrier after it files ... Japan Air Set for Bankruptcy as State Bailouts End BusinessWeek - Kiyotaka Matsuda, Makiko Kitamura - 6 hours ago Jan. 11 (Bloomberg) -- Japan Airlines Corp. is preparing for what may be the country's sixth-largest bankruptcy as ... JAL reportedly struggling to get pension cuts MarketWatch - 7 hours ago By MarketWatch TOKYO (MarketWatch) -- Japan Airlines Corp. is facing difficulty in securing approval from two-thirds of its retirees for drastic cuts in ... Reports: Troubled JAL to cut 15600 jobs, decline cash offers from Delta, American The Canadian Press - 7 hours ago TOKYO — Troubled Japan Airlines Corp. is set to cut about 15600 jobs, a third of its work force, and reject billion-dollar cash offers from Delta and ... |
Originally Posted by Check Essential
(Post 741755)
We have been bent over for the last 7 years. We are still bent over.
Every paycheck we cash is a new reaming. Our pay and benefits have been obliterated since the 2000 contract. We are becoming kinda like "Stockholm hostages". We've been savaged and abused for so long that we've become accustomed to it and now we voluntarily bend over whenever management walks into the room and actually thank them for allowing us a dab of Vaseline. Inexplicably, we wish for their success even as they abuse us. The real danger that worries me is that too many Delta pilots have learned to accept our current lower standard of living as the "new normal" for major airline pilots. I fear we're going to forget that this is a bankruptcy contract and its going to take some HUGE restoration just to get back to where we were. We must not allow that to occur. We have to remember. That's the real reason I react so strongly to some forum posters who like to point out how good we have it compared to USAir or whatever and who seem to think the industry has changed forever and have surrendered to the idea that pilots will never again be paid as true "professionals" on par with top doctors and lawyers, etc. Sometimes the tone of this thread scares me. We've begun to measure the success of our careers based on the accomplishments of the corporation. We facilitate and cheer for the successful DAL/NWA merger. We sign and applaud the AF Joint Venture. We give our full support to the Japanese thing. We lobby our Senators and Congressmen on behalf of management's LaGuardia slot swap. And on and on. But meanwhile, we are still working for bankruptcy wages. We've been "laying the groundwork for a sustainable business plan" for about 7 or 8 years now. Its time to ask for something in return. Great post! I won't speak for anyone but myself when I say I root for the company because I want them to succeed and to take the "we're just barely surviving" excuse away from them in negotiations. I hope the recent 44 elections and the response to the 190 rumor have awakened the MEC to the feelings of the electorate. While we cheer for the company (and our stock), we want to be compensated in 2012. Of course, based on the SWA and AA contract negotiations which dragged on forever, I am not holding my breath for anything remotely resembling C2K. Until we can get out from the RLA, labor doesn't have any recourse but to accept what Management wants to offer us. I would like to see some relatively cost free QOL things signed off the next time we sign a secret LOA.:) That would help reestablish credibility to the MEC. Nothing for nothing. |
Originally Posted by Check Essential
(Post 741755)
But meanwhile, we are still working for bankruptcy wages.
DAL- $209 AMR - $205 CAL - $193 UAL - $190 AAA - $160 Those are our peers. And two of them never even went bankrupt. So, if our "bankruptcy wages" put us at the top of the pile, I say LET'S DO IT AGAIN! ;) BTW, I agree 100% with Dragon when he said, "Of course, based on the SWA and AA contract negotiations which dragged on forever, I am not holding my breath for anything remotely resembling C2K. Until we can get out from the RLA, labor doesn't have any recourse but to accept what Management wants to offer us." THAT'S where the real problem lies -- its not with ALPA, Lee Moak, or the elected reps. |
ETIC favors SkyTeam
JAL turnaround plan eyes move to Delta group -Kyodo[/B][/B][/B][/SIZE][/B]
Mon Jan 11, 2010 7:42am EST Stocks Japan Airlines Corporation 9205.T ¥67 -10.00-12.82% 12:00am EST Delta Air Lines, Inc. DAL.N $12.47 -0.22-1.73% 12:00am EST AMR Corporation AMR.N $8.11 -0.14-1.70% 12:00am EST TOKYO, Jan 11 (Reuters) - A state-backed fund in charge of turning around Japan Airlines (JAL) (9205.T) wants to see a tieup between JAL and Delta Air Lines (DAL.N), Kyodo news reported on Monday. The Enterprise Turnaround Initiative Corp of Japan (ETIC) has proposed in its restructuring plan that JAL form a business tieup with Delta with no capital injected by the American carrier, Kyodo said, citing unidentified sources close to the matter. The report said ETIC eyed a switch to the Delta-led global SkyTeam alliance in April 2011. The fund has estimated that an alliance with Delta would give JAL an annual benefit of 17.2 billion yen ($186 million), three times more than what expanded ties with American Airlines (AMR.N) would offer. JAL is currently a member of the Oneworld alliance with American. JAL, Asia's largest airline by revenue, will likely file for bankruptcy this month as part of a state-led restructuring, sources have told Reuters. [ID:nTOE605013] As JAL appears headed for bankruptcy, Delta and American have been courting it with rival offers of financial aid, eager to gain access to its routes to fast-growing Asian markets and to get a stronger foothold in Japan. JAL had been aiming to decide this month whether to keep ties with American in the Oneworld alliance or join hands with Delta and the rival SkyTeam group. However, Transport Minister Seiji Maehara said on Friday a decision would likely be delayed. [ID:nTFD006531] (Reporting by Chris Gallagher; editing by Karen Foster) ($1 = 92.48 yen) |
Originally Posted by Pineapple Guy
(Post 741850)
I agree that our pay sucks. But how do you define "bankruptcy wages" considering our top pay exceeds that of EVERY network carrier?
1. The other network carriers' wages suck more. Don't worry, be happy. 2. Our pay is whale poo. Other carriers' pay is lower whale poo, poo-hoo! 3. Other carriers are in the Bad News Bears league of pay and we're #1! 4. Of all the bankruptcy wages, ours is the highest. Quitcher b*tchin'!! 5. Working for top bankruptcy wages is a choice...well, never mind. |
Originally Posted by Pineapple Guy
(Post 741850)
I agree that our pay sucks. But how do you define "bankruptcy wages" considering our top pay exceeds that of EVERY network carrier?
DAL- $209 AMR - $205 CAL - $193 UAL - $190 AAA - $160 Those are our peers. And two of them never even went bankrupt. So, if our "bankruptcy wages" put us at the top of the pile, I say LET'S DO IT AGAIN! ;) 12 yr. C2K 777A - $319.61 per hr. 12 yr. Current 777A - $208.72 per hr. ----------------------------- 12 yr. C2K 767B - $182.72 per hr. 12 yr. Current 767B - $119.32 per hr. You want to do that again? |
Originally Posted by Check Essential
(Post 741856)
I define bankruptcy wages like this:
12 yr. C2K 777A - $319.61 per hr. 12 yr. Current 777A - $208.72 per hr. ----------------------------- 12 yr. C2K 767B - $182.72 per hr. 12 yr. Current 767B - $119.32 per hr. You want to do that again? a) Hold your breath b) Stomp your feet c) Demand it d) all of the above |
Let's not forget SWA.
Their 12 year 737 CA/FO rates 206/144 our 12 year 737 CA/FO rates 168/114 |
Originally Posted by dragon
(Post 741859)
Let's not forget SWA.
Their 12 year 737 CA/FO rates 206/144 our 12 year 737 CA/FO rates 168/114 |
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