One would hope, because leadership change is inevitable, and if we do not constantly fight we will realize that once again, we are no longer out in the lead.

 

Yea, but they also gave us Celine Dion, which I believe is a Geneva Convention violation.

They should give all Americans free beer for life for that little faux paux...

Nu

 

Your war analogy is understandable and accurate.
We are dependent on management to be successful as leaders.
But there is also danger in that analogy.
NEVER FORGET:

Military generals care for the welfare of their troops.
Management generals see their troops as a liability. A "cost".

Nothing wrong with that. That's business. We just have to always be aware of it. Sometimes I think we forget.

This is Delta Air Lines, Inc. , not the Delta Air Force.

 

Factbox: JAL restructuring plan under state-backed fund

TOKYO
Tue Jan 19, 2010 5:05am EST
TOKYO (Reuters) - Japan Airlines Corp has filed for bankruptcy and will be restructured with the help of a state-backed turnaround fund, the Enterprise Turnaround Initiative Corp of Japan (ETIC).

Following are the key figures and measures in the fund's revival plan. This includes information from the ETIC's statement and a document provided by the government.

FINANCIAL AND OPERATIONAL POSITION

The ETIC said JAL companies are carrying about 780 billion yen ($8.6 billion) of interest-bearing debt, excessive relative to its earnings capacity. It said the carrier is operating too many routes and aircraft, and that management has been unable to take decisive action, resulting in excessive fixed costs.

FINANCIAL AID

The ETIC said it and the state-owned Development Bank of Japan would provide JAL with 600 billion yen in debtor-in-possession financing to ensure it can maintain operations. Following its decision to acquire JAL debt, it would inject 300 billion yen of capital into JAL.

The ETIC said JAL companies are expected to receive 730 billion yen worth of debt forgiveness.

JOB, ROUTE CUTS

JAL will cut its group workforce to 36,201 by fiscal year 2012 from 51,862 in fiscal year 2009.

The carrier will reduce the number of domestic routes to 119 from 136 and the number of international routes to 79 from 93.

FLEET STRATEGY

JAL will retire aging and less fuel-efficient aircraft and introduce smaller and more advanced planes.

It said it would retire all 37 of its Boeing 747-400 planes and all 16 of its McDonnell Douglas MD-90 aircraft. At the same time JAL will introduce 50 small and regional jets.

SHAREHOLDERS

The ETIC said it intends to implement measures to hold shareholders accountable, including a 100 percent reduction of capital. It said the final decision on that matter, however, would be made in a forthcoming revival plan.

The Tokyo Stock Exchange said it would delist JAL's shares on February 20.

PROFIT, SALES TARGETS

JAL's sales are expected to come to 1.36 trillion yen in the year to March 2013, a drop of 30 percent against the 1.95 trillion yen booked in the year ended March 2009.

Its operating profit is expected to recover to 115.7 billion yen in the year to March 2013 from an expected loss of 265 billion yen in the current business year to March 2010.

 

I think everyone agrees 100%. Our job is to get paid what we are worth, the job of a manager is to get us to as close to free as possible. Somewhere in the middle is where we live...

 

What a surprise.....
The lease back jets that we bought to lease to JAL are forfeited, and therefore become ours. Bodes well for DFW.
Wonder if we will give them some RJ's.

I wonder what routes they will abandon?.....

 

Ah you young pups. My kids wake up, make themselves lunch and head to the bus without even a peep. The Bigdaddie easy, effective, three step method of raising kids:

1) Get them out of diapers

2) Get them out of car seats (what a pain those things were)

3) Get them out of the house so daddy can play with mommy

Ah, with the age 65 rule you guys get to fly with my crusty butt for years to come. In all reality though, enjoy your kids as they grow up way fast.

BD

 

Glory Glory Man United! Only two football teams in this world, Alabama and Manchester United.

 

I bet you don't

 

Don't know.........we all may be sitting in the tree bar on Guam sometime soon.

But, reading this made me wonder............Jal is in the other terminal in NRT. NRT is a HUDGE airport, moving people back and forth with our new partners will be a new logistical puzzle. A terminal swap with UAUA?

The devil is in the details. And the next detail is another cup of coffee

Ferd